Eagle Eye Opener: HP Shares Swoon; Fed Chairman Cools Market with Comments; Watching Greek Tragedy

Eagle Eye Opener

HP Shares Swoon as Company Absorbs $8.8 Billion Hit (Reuters)

Shares of Hewlett-Packard (HPQ) hit a 10-year low yesterday of $11.71, after the company announced it was taking an $8.8 billion write-down. The computer giant claims the enormous hit was the result of “serious accounting improprieties” by its England-based accounting group: Autonomy. Investors responded to the news by sending shares plummeting 12%. This latest decline leaves the company with an approximate market value of $20 billion, about 15% of its $155 billion value in 2000.

Meet Wall Street’s Version of “The Cooler” — Ben Bernanke (YahooFinance.com)

Federal Reserve Chairman Ben Bernanke sucked all of the momentum out of the market’s previous two-day rally with comments on the country’s ability to soften the blow of the fiscal cliff. Investors took the Fed chairman at his word when he claimed the Fed alone does not have the ability to thwart the damage from the cliff; it needs politicians to strike a deal for a 1-2 punch. By day’s end, investors were able to push the S&P 500 and Nasdaq into positive territory, with the indexes up .07% and .02%, respectively. The Dow closed down .06%.

An Endless Greek Tragedy (Reuters)

The demise of Icharus seems almost heart-warming compared to today’s ongoing Greek economic tragedy. Even after another 12-hour round of talks, European Union (EU) leaders again failed to agree on a course of action to release emergency aid funds to Greece. Investors responded to the ongoing tale of woe by sending European shares lower: the FTSE 100 lost .2%, Germany’s DAX dipped .1% and France’s CAC 40 slid .2%, as well. The euro also lost ground, closing .3% down. EU leaders are set to reconvene Monday.

Exclusive  Revisiting The Rubicon

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE


img
previous article

The real estate market in the United States appears to be recovering, based on the latest data, and the sector seems to be appreciating in many other parts of the world, too. The real estate bubble that captured great attention during the past few years now appears to have bottomed and investors are taking notice. One exchange-traded fund (ETF) that I like as a way to bet on a global real estate rebound is the SPDR Dow Jones Global Real Estate ETF (RWO). The ETF seeks to repl

PREMIUM SERVICES FOR INVESTORS

Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

LEARN MORE HERE

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

LEARN MORE HERE

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

LEARN MORE HERE

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

LEARN MORE HERE

Mike Turner

Mike Turner’s financial, mathematical, computer science and engineering background serves as the foundation for his disciplined, rules-based approach to trading. Mike’s three services include:

Product Details

LEARN MORE HERE

Hilary Kramer

Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers:

Product Details

LEARN MORE HERE

DividendInvestor.com

Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

LEARN MORE HERE