Travelers

Market Recap: GM's a Zero

[youtube=http://www.youtube.com/watch?v=2a8skzlhxDY] The Reformed Broker, AKA The Sugar Bear, here with today’s Market Recap… OK, finally, General Motors (GM) makes it official.  They’re a Zero.  Let’s move on. And would you believe that the auto-related stocks rallied?  That’s either a short-squeeze or the finality and closure that this industry needed… Check ’em out at the 3:15 look,…

Will Visa Replace Citi in the Dow Jones?

I did a piece recently, New Candidates for the Dow Jones, and since then, things have gotten even worse for Bank of America (BAC), Citigroup (C) and a handful of other DJIA names. While the Index Editor who oversees the Dow, John Prestbo, has gone on record saying there won’t be any changes right now,…