Sometime back I wrote a post on the Asian self-proclaimed financial guru claiming that his baseless prediction on oil will hit $100 came true. Well there was nothing to substantiate his claims when he made that statement and so many other experts also seem to have claimed that prediction too, so who was the original? [...]

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On Thursday, U.S. stocks dived lower again after tumbling on Wednesday, suffering their worst-ever percentage losses in the day after a presidential election. The Dow Jones Industrial Average close below 9,000 for the first time since Oct. 29, as investors await the October jobs report and anticipate a likely jump in the unemployment rate.
The Dow [...]

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On Tuesday, U.S. stocks rallied as millions of Americans cast ballots to determine whether Republican John McCain or Democrat Barack Obama wins the presidency, with polls favoring the latter to replace George W. Bush in the White House.
As the economic uncertainty becomes clearer and the negative rhetoric is removed, investors became calmer sending the [...]

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