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As a founder and principal of Hudson Holdings, Steven Michael is responsible for the execution of the company's vision.

As a founder and principal of Hudson Holdings, Steven Michael is responsible for the execution of the company's vision.

Financials were lower on a combination of investor mistrust and another wave of bad news concerning the debt crisis. Bank of America led the pack down early on lingering expenses from Fannie Mae and Freddie Mac.

Morgan Stanley's pessimistic note on the state of the global economy and the likelihood of a double dip sent shares of stocks across the financial sector into a hole today. The debt in Europe and weak U.S. home sales have been inescapable negative drivers for the sector.

Equities are units of ownership in which investors can own through the purchase of stocks. Shareholders of equities are entitled to a company's assets and profits.

Energy stocks have been battered since April with the price of crude. Many are currently being offered up at dirt cheap levels in spite of plenty of technical indicators that oil shouldn't be down for long.

Phone companies were in the spotlight as companies from Apple to Motorola and Sprint seemed to have something to report on. Sales of the new Iphone 4S were also a matter of speculation as many expect the pre-order to serve as a reflection of Cook's capability as Apple's CEO.

Much of the market news from Europe and the Fed was overshadowed by the passing of Steve Jobs, Apple's iconic CEO, at the age of 56 after a long battle with cancer.

This festive season the high commodity prices of both physical gold and silver should not dampen the consumer's spirit. Every age brings with it a certain flavor of change in the way we usually go about doing things. My take on this is that both gold and silver are now far more precious commodities than ever before due to the increase in the consumption of these metals, the demand vs. supply gap is widening like never before which is the primary reason why both gold and silver prices have sky rocketed.

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General Electric Company (NYSE:GE) witnessed volume of 51.25 million shares during last trade however it holds an average trading capacity of 62.18 million shares. GE shares opened at $18.83 reached intraday low of $18.79 and went +1.54% up to close at $19.13.

Brokers are giving bonuses and seasonal promotions to lure traders. It is still your decision to what broker should you choose. You should always take a look of the condition of bonuses.

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