Category: Stock
They Just Don’t Get Best Buy!
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Saturday, 26 March 2011 15:00
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WESTCHESTER COUNTY, N.Y. — Marek Fuchs, TheStreet’s media critic, bangs his head on Best Buy. Follow Marek on Twitter: @MarekFuchs.



 
Stocks Get Back on Track in a Big Way
Written by admin
Saturday, 26 March 2011 14:48
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NEW YORK (TheStreet) — Stocks just wrapped up a stellar week, and given the dire headlines that Wall Street has already managed to shrug off, the bulls look to be firmly back in control.

When the swoon set in two weeks ago, it sure felt like catastrophic events like the earthquake in Japan and the upheaval in the Middle East and North Africa would legitimately slow the rally down but the quick snapback above key levels for both the Dow Jones Industrial Average and the S&P 500 proves the action was more profit-taking than panic-driven.

Ed Yardeni, a Wall Street veteran who founded his own namesake sell-side consulting firm Yardeni Research in 2007, still sees the S&P 500 reaching 1,500 by the end of the year and says the severity of the financial crisis has fortified investors to deal with headline trauma.

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U.S. Provides Freshwater to Nuclear Plant
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Saturday, 26 March 2011 14:34
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by Eric Talmadge and Mari Yamaguchi

SENDAI, Japan — U.S. naval barges loaded with freshwater sped toward Japan’s overheated nuclear plant on Saturday to help workers struggling to stem a worrying rise in radioactivity and remove dangerously contaminated water from the facility.

Workers at the stricken Fukushima Dai-ichi plant have been using seawater in a frantic bid to stabilize reactors overheating since a tsunami knocked out the complex’s crucial cooling system March 11, but fears are mounting about the corrosive nature of the salt in the water.

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