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Bill Rutherford Quoted In CNNMoney.com

Stocks rally on housing rescue

Dow surges 290 points as investors consider what the Fannie and Freddie bailout means for the broader economy.

by Alexandra Twin, CNNMoney.com senior writer

NEW YORK (CNNMoney.com) — Stocks surged Monday, with the Dow gaining 290 points and the broader market also gaining as investors breathed a sigh of relief that the government has swooped in to bail out Fannie Mae and Freddie Mac.

The Dow Jones industrial average (INDU) added 290 points or 2.6%. The broader Standard & Poor’s 500 (SPX) index added 1.8%, paring its morning gains. The Nasdaq composite (COMP) added 0.6%, after climbing in the morning and then falling in the afternoon. […]

September 8th, 2008|Categories: Bill Quoted|Tags: , , , , , , , , , , , , , , , , , |Comments Off on Bill Rutherford Quoted In CNNMoney.com
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Bill Rutherford Quoted In The Wall Street Journal

Anchor Bancorp Drops 16%; Pioneer Drilling Up 8.4%

by Kejal Vyas

Renewed concerns over large financial firms and their ability to withstand a global economic correction trickled over to other sectors Tuesday, helping small-capitalization stocks close in negative territory.

Weighing on the financial sector was an avalanche of less-than-encouraging news, starting with several analysts warning about Goldman Sachs’s earnings.

Additionally, J.P. Morgan Chase said it is taking a $1.5 billion write-down on mortgage-backed securities, Morgan Stanley said it is buying back $4.5 billion in auction-rate securities and Wachovia revised its second-quarter loss lower.

Among small-cap financials, regional banks made up the biggest losers as Anchor Bancorp Wisconsin dropped $1.48, or 16%, to $7.97 after posting a 44% drop in fiscal-first-quarter net income. Not too far behind were shares of Sterling Financial, which slumped a dollar, or 10%, to 9.17. […]

August 13th, 2008|Categories: Bill Quoted|Tags: , , , , , , , , |Comments Off on Bill Rutherford Quoted In The Wall Street Journal
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Investment advisory services are offered through WD Rutherford, LLC dba Rutherford Investment Management (“Rutherford Investment Management”), an investment advisor registered with the U.S. Securities and Exchange Commission. Rutherford Investment Management only offers investment advisory services where it is appropriately registered or exempt from registration and after clients have entered into an investment advisory agreement confirming the terms of engagement and have been provided a copy of the firm’s ADV Part 2A and CRS brochure documents.

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