September 16, 2008
So goes oil, so goes the airlines.
As oil continues to drop, the airline stocks have been on an absolute tear. This is in contrast to the overall market which has been generally miserable.
At the time of this writing:
Delta Airlines (NYSE:DAL) is up 24% today and up 79% in the last three months.
Northwest Airlines Corporation [...]
Read the full article →
September 16, 2008
Credit default swaps (CDS) have been in the news a lot lately. Most recently, they have been featured prominently in the trouble effecting American International Group (AIG).
What is a credit default swap? A credit default swap is a type of credit derivative, meaning its value is derived from the credit risk of a [...]
Read the full article →