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Recession throws many clubs into turmoil, with some facing foreclosure or bankruptcy

Posted by Kim Peterson on Monday, November 2, 2009 10:54 AM
Mortgage payment © Hemera Technologies/JupiterimagesResidential homes aren't the only ones falling victim to foreclosure. Country clubs are feeling the pain of recession as well, with many struggling to survive.

Dozens of country clubs are in foreclosure, reports BusinessWeek. And up to 15% of the remaining ones report serious financial problems.

So far, the elite clubs that cater to the ultra-rich are generally staying afloat. It's the mid- to lower- level clubs that can't make payments.

And the sport of golfing is seeing a similar hit.

AIG tamps down any recovery in insurance premiums; industry operating at a loss.

Posted by Jim J. Jubak on Wednesday, November 25, 2009 4:23 PM

Jim JubakIt's like some insurance industry version of “Night of the Living Dead.”


Zombies keep eating rate increases.

In this case, it's not hordes of zombies that are the menace, but one great big one, American International Group (AIG)


The crippled insurer, saved from collapse by a huge infusion of taxpayer cash, is hanging onto market share in the businesses that it hasn't sold off by cutting rates.


That has had the effect of delaying -- no one knows for how long -- the recovery in premiums predicted by healthy, conservative insurers such as W.R. Berkley.

Think your local store is offering some killer deals? Check out some of the bargains on Wall Street.

Posted by Louis Navellier on Wednesday, November 25, 2009 1:13 PM

Louis NavellierOn the Friday after Thanksgiving, millions of Americans will take to the mall and start their holiday shopping. Well, I've got a shopping list of my own and it's full of some of the best deals I've seen in a long time.

 

If you think that your local electronics store is cutting some killer deals this season, just wait until you see some of the bargains that are on Wall Street.

 

Here are three bargain stocks trading for less than $5 right now that could be tremendous winners in 2010.

Investors' collective wisdom can help you find stocks capable of recuperating after a precipitous fall.

Posted by Caps Editor on Wednesday, November 25, 2009 1:13 PM

This post comes from The Motley Fool's Rich Duprey.

 

You love buying your shirts when they go on sale. And who can resist a buy-one-get-one-free offer? So when our stocks go on sale, why do we bemoan their low prices?

 

Smart investors like Warren Buffett and Marty Whitman love it when their stocks are suddenly selling at bargain-basement prices. For them, these companies become no-brainer buys.

 

Members of the MSN CAPS community also like a bargain, apparently. Below, you'll find five companies whose shares are selling at least 50% below their 52-week highs but that still earn high marks from our investor-intelligence database. Consider it a buy-one-get-one-free sale on stocks.

MSN Money's Andrew Horowitz is nominated for the Podcast Awards

Posted by Kim Peterson on Wednesday, November 25, 2009 1:07 PM
Andrew Horowitz, a frequent MSN Money contributor, is in the running for the 5th Annual Podcast Awards.

If you want to show Andrew some love (and really, who among us doesn't?) you can vote for any and all of his three podcasts that were nominated.

You can find his podcasts at The Disciplined Investor, DHUnplugged and The Winning Investor.

Here's what you need to do:

Global markets crashed together and continue to move in tandem, making it harder to diversify.

Posted by Kim Peterson on Wednesday, November 25, 2009 12:49 PM
cash globe © PhotoAlto/SuperStockU.S. and foreign stock markets are moving so closely together that the idea of diversifying from a geographic standpoint is pretty much meaningless, writes Palash Ghosh in The Wall Street Journal.

The correlation between the S&P 500 and the MSCI EAFE and MSCI EM indexes has surpassed 0.83. That's an extremely high figure, Ghosh writes.

The reason behind this is simple. Global markets crashed together in an "unprecedented synchronized downturn," Ghosh writes. They are continuing to move together, but that's unlikely to last.

"That was a once-in-a-half-century event,"
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Quotes supplied by Interactive Data.
MSN Money's editorial goal is to provide a forum for personal finance and investment ideas. Our articles, columns, message board posts and other features should not be construed as investment advice, nor does their appearance imply an endorsement by Microsoft of any specific security or trading strategy. An investor's best course of action must be based on individual circumstances.

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