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- One Thing You Should Be Doing Right Now For Your Retirement
Could buying stocks, exchange traded funds (ETFs) and other securities be the answer to recoup losses of 2008?
This downturn could be longer than anyone thinks, or we could begin recovering next week. But there’s something every investor can do while they wait: save.
Historically, in a down market an investor could hold securities, ride out the wave and wait until the next bull market to come around and be okay. But this time around, it’s different. The S&P 500 has lost more … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. 
Переслать - Learning From Mistakes: The Short Sale Ban
The verdict is in. There is growing recognition that last September’s ban on short selling in certain financial stocks was a mistake.
Most of the professional trading and investment community do not see short selling, per se, as a problem. There are several debatable issues: the uptick rule, credit default swaps, and mark-to-market accounting for assets intended as long-term holdings. Short sales were not controversial among professionals.
The Academic Verdict
There is … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - 5 Things That Led To Real Estate Bubble And Pained ETFs
Did the Taxpayer Relief Act of 1997 play a significant role in the bursting of the U.S. housing bubble and the struggles of the exchange traded funds (ETFs) that track the sector?
A provision in the act gave investments in real estate a more tax preferential treatment than any other investment option. More specifically, it exempted the first $500,000 (for married taxpayers) and $250,000 (for single taxpayers) of gain from any home sales from capital gains taxes. Of course there are … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Walgreen's Cutting Back Store Openings As Profits Slow
As the current recession continues to dig deeper into company’s bottom lines, higher costs and lower profits equals contraction rather than growth. Walgreen Co. (WAG) reported earnings on Tuesday and a 5 cent miss sent shares reeling throughout another tough day for Wall Street. One of the countries largest drug store companies, behind industry leader CVS (CVS), reported earnings the the third quarter ending on November 30 of 41 cents per share on sales of $14.9 billion.Net … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Oil Prices Are Wrong - Very Wrong
Everybody seems to have the same question for me lately: What’s the deal with gasoline prices?
How could it go from $2 a gallon to over $4 and then back to $1.66 in a single year? Was it speculators? The evil machinations of OPEC? Badly-timed fills and draws of the Strategic Petroleum Reserve (SPR)? A financial calamity engineered by the masterminds of a shadowy wealth conspiracy? It’s never an easy question to answer, but I can easily say “none of the above.” … [visit site to read more]Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Pay Option ARMs: The Implosion Is Still Coming Despite Low Rates
There is some serious Pay Option ARM (POA) misinformation going around. Everywhere you look there are stories about how the low index value on the LIBOR will automatically 'fix’ Pay Option ARMs and drop borrower’s payments to almost nothing. Sorry folks, no cigar. It is shotgun stories by the major media and television personality analysts that set the market and consumer up to for disappointment every time. Over the past year and a half this is my forth story on why a particular … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Partial Portfolios: Bonds, ETFs Of Yield And Safety
I think many bloggers in finance allude to what they own rather than be specific, painting with a broad a brush that serves their intent not to explicitly reveal portfolio holdings, or to have readers mirror their portfolio without taking into account individual circumstances.
Over the past twelve months, and especially during the period of March-September, my investment portfolios have undergone the most dramatic change ever (”ever” being 1974). I am very fortunate that rental income … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Video: Volume Low, Markets Unchanged
With extremely low volume US markets are trading in a very narrow range. On the radar: Retail Sales and GMAC … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Video: Japan's Nikkei Notches Yet Another Gain
On a day where only two of the major four Asian/Pacific markets were open for trading, Japan’s Nikkei 225 index posted a three-digit gain due to a boost in green tech. … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Video: Money Markets Unchanged On Low Volume
With a majority of the global markets closed this sesson throughout Asia and Europe, the money markets remained for the most part unchanged this past trading session. … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Video: Holiday Cheers For Amazon.com
Online discount retailer Amazon.com (AMZN) announced today that the 2008 holiday season was its “best ever” with record high orders and massive shipments this past month. … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Company Layoffs: More Companies Trim The Fat Without Trimming The Workforce
The U.S. unemployment rate, currently at a level of 6.5%, could rise to 8% next year. But it could also find a ceiling sooner than expected, as more companies implement unpaid vacations and four-day workweeks to preserve jobs.
The U.S. recession may just now be entering full swing, but storm clouds have been gathering for more than a year and many companies have already trimmed payrolls. Now, the goal for many companies is to prepare for an economic rebound by finding ways to keep the … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Why Does Cramer Have A Beef With Leveraged ETFs?
The ultra short exchange traded fund (ETF) is getting a lot of flack, and the chorus of people speaking against them is growing louder.
Tom Brennon for CNBC says that Jim Cramer has raged against these machines from time to time as well. He says the ETFs are basically taking an investment and turning it into two, meaning, and investment of $5,000 in an ultra short ETF becomes $10,000, and the damage to a certain stock market can be detrimental. Many market insiders feel that this is … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Obama's Plan: 5 Sectors, 5 ETFs
As the economy worsens, President-elect Barack Obama is stepping up with a more expanded economic recovery plan and a way to help Wall street and exchange traded funds (ETFs).
The soon-to-be President of the United States is seeking to create 3 million more jobs within 2 years, up from the original 2.5 million. While this won’t offset the 4 million jobs already lost and those that could be coming down the pike, it’s a start.
Jackie Calmes for The New York Times reports that the … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Charting Ebay And Amazon
A friend recently asked me what I thought of eBay (EBAY) and Amazon (AMZN) simply because he figured - as many people do - that because online shopping as a trend is growing, then the stocks of these two particular companies must be surging. Let’s view the weekly charts of EBAY and AMZN to see if this well-mannered though is indeed correct.
eBay (EBAY) Weekly Chart:
Before getting 'technical,’ let’s look at it from the average investor’s perspective. It does seem to make … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Credit Crisis Watch: Signs Of Progress
Are the various central bank liquidity facilities and capital injections having the desired effect of unclogging credit markets and restoring confidence in the world’s financial system? This is precisely what the “Credit Crisis Watch” is all about - a regular review of a number of measures in order to ascertain to what extent the thawing of credit markets is under way.
Updating the report at this time is also to gauge the credit markets’ reaction to the Federal Open Market Committee’s … [visit site to read more]Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Investing In Healthcare: Five Things To Remember In 2009
Looking back through 2008, the Healthcare sector has hit some huge hurdles. Patent concerns and expirations were worries for all major firms, the Department of Justice hit Med Tech with fines, Big Pharma made thousands of job cuts, Managed Care got demolished with enrollment cuts, and investors struggled to find much, if any safety in the whole sector. When looking to invest in Healthcare, there are five things I would like you to keep in mind. … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Negative Outlook On U.S. Banks
We continue to maintain a negative outlook on the U.S. Banks.
While the programs launched by the U.S. Treasury and the Federal Reserve to boost the capital levels and alleviate the liquidity problems have helped the capital and funding concerns to a great extent, the efforts have not succeeded in restoring the lending activity at banks. Lower lending activity will continue to hurt the margins though the low interest rate environment should be beneficial to the banks with a liability … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Current Gold Price Structure
Gold prices have been rising as the US Dollar Index has detiorated towards the end of the year. Let’s take a look at the weekly and daily price structure to see what’s happened and what might be in store.
Gold Prices Weekly:
On the weekly chart, price is still in a confirmed downtrend, which is evidenced by lower highs and lower lows, as well as the 20 week EMA resting beneath the flat 50 week EMA… however, these lines would converge and cross bullishly with just a little more … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Record Low Interest Rates Prompt Refinance Madness
The Mortgage Bankers Association [MBA] reported Wednesday that the average rate for 30-year fixed-rate mortgages dropped to 5.04% last week from 5.18% the previous week. The contract rate is the lowest recorded in MBA’s survey since the record low of 4.99% for the week ending June 13, 2003.
As mortgage rates tumble an increasing number of Americans are applying for new home loans and refinancing their existing ones. According to the MBA’s Market Composite Index, which includes both … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - New Energy Economy
So it looks like a copy of Barack Obama’s inauguration speech has been leaked.
Here’s an excerpt…
Energy will be the immediate test of our ability to unite this nation, and it can also be the standard around which we rally. On the battlefield of energy we can win for our nation a new confidence, and we can seize control again of our common destiny. Our excessive dependence on OPEC has already taken a tremendous toll on our economy and our people. It’s a cause of the increased … [visit site to read more]Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Dividend Aristocrats In Danger
There were several dividend aristocrats that recently announced no increase in their payments to shareholders.
Pfizer (PFE), which is one of the leading pharmaceutical companies in the world, announced no increase in its annual dividends for the first time in 41 years. In the past decade, the company was used to increasing its dividend payments to shareholders every December. It comes as no surprise to me that PFE is not raising its dividends. The company needs to increase its drug … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Suing The SEC Over Madoff
In my Madoff post of one-week ago, I concluded with the following:
As for the regulators, they clearly and spectacularly failed — again. Unfortunately, this will lead to calls for broader and deeper regulation. Regulation fails? Then we must need more! I imagine a number of Madoff investors took some comfort in knowing that the SEC had investigated Madoff and signed off. Perhaps if the SEC didn’t exist, investors would have spent a little more effort themselves looking into his … [visit site to read more]Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Five Ways To Play Gold's Rebound To $1,500 An Ounce
Gold hit two historic milestones in 2008.
First, in early March, the “yellow metal” hit its all-time high of $1,030 an ounce.
Just three months later, the price of gold for December delivery had plummeted to $681 an ounce, a 21-month low and 33.9% drop from its record high.
Most gold bugs were equal parts puzzled and broken-hearted. The world’s stock markets tanked, as did some of its biggest economies. In such an environment, they thought, gold should have risen. After all, gold … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Purebreads And Fleabags - Investment Ideas
The end of the calendar year is a symbolic time for many people because it offers an opportunity to reflect on both shortcomings and achievements. This happens to be particularly true for the investment community. End-of-year results are often used as a measuring stick to differentiate between strategies that will remain unchanged and others that need to be adjusted.
Dow Trading Strategies
With this large-scale strategic evaluation in play every year, a number of high-profile trading … [visit site to read more]Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - The Two Most Profitable Oil Plays In The World
Two companies are dwarfing “big oil” in profit margins and reserves. They’re about to hand investors a double in the short run…
No one knows if the price of oil will continue breaking records - but one thing is certain:
The biggest oil companies are hardly the best oil investments.
Four of the six “majors”- Royal Dutch Shell (RDS-B), BP (BP), Chevron (CVX) and ConocoPhillips (COP) - have profit margins that fall below the S&P energy-stock average of 9.7%.
And of … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Inverse ETFs: Best Ways To Profit From Prolonged Bearishness
How bout some inverse ETF shares in your stocking this Christmas?
After all, exchange traded funds that profit from market downside topped all the ETF rankings in 2008…
In fact, year-to-date returns have soared into triple digits for double-inverse funds like UltraShort Semiconductor ProShares (SSG), which has gained 113% since January despite losing 37% in the month through December 22.
And all signs point to renewed momentum for inverse ETFs continuing well into … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - What's The Outlook For Foreign Automakers And Their ETFs?
Foreign-owned car companies domiciled in the United States have hit a wall, but with ample credit and deep pockets, they are not facing bankruptcy; rather they are riding out the storm in stride and perhaps helping their respective country’s exchange traded funds (ETFs).
The Toyota (TM) Tundra plant in San Antonio, TX, is an example, as sales and production are off, so workers are alternating between the assembly line, the classroom, and community service, while cutting checks from … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - US Stock Market: Shortened Session Ends Higher
The major indices closed at 1 o’clock Wednesday, but it was enough time to break the five-session losing streak. The Dow (^DJI) gained 49 points or 0.6%. The S&P 500 (^GSPC) also gained 0.6% or 5 points. The NASDAQ (^IXIC) lagged a bit, gaining 0.2% or 3 points.
So far this week the markets have not told me much in the way of where it wants to go in January. The light volume combined with the narrow trading range below the 50-day moving average has kept my short-term view … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Wednesday's Market Recap: Stocks Up Slightly On Low Trading Volume
Low trading volume due to the holiday season kept markets in check as Wall Street rose slightly on Wednesday. The Dow Jones Industrial Average (^DJI) was up to 8,486 points, after gaining nearly 49 points. The Nasdaq (^IXIC) added 3 points and closed at 1,524 points. While the S&P 500 (^GSPC) added 2 points and closed with 865. Overseas markets were a different story, as Japan’s Nikkei 225 (^N225) and Britain’s FTSE 100 (^FTSE) declined 2.37% and 0.93% respectively. Trading … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Are The Deepwater Drillers Done For?
No. No is the answer if you are looking for a simple answer; but the reasoning why is more important than the answer to the question itself. The deepwater drillers, namely Noble Corp. (NE), Transocean (RIG), and Diamond Offshore (DO), were the darlings of many analysts during the energy bull run that took place in the first half of this year. Analysts have quickly soured on these deepwater drillers, and they have become in some ways the “enemy of the state.” Many investors … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Video: Wait Till The Sun Shines Nellie
Singing A Capella on the floor of the NYSE has been tradtion for nearly 70 years. … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Video: Stocks End Day With Gains
US markets end a short trading day with moderate gains as GM shares rise. … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Video: Oil Markets Unchanged During A Short Trading Session
With a trading session cut short due to the upcoming holidays, front month crude prices posted a slight decline in trading this session with low volume. … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Video: Money Markets Remain Stable In Pre-Holiday Trading
The money markets remained for the most part unhanged this session due to a lack of trading volum leading up to the holidays. … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Video: Australia's Market Lifts On Energy Company Buyout Plan
While all other major Asian/Pacific markets fell this past trading session, Australia’s S&P/ASX 200 index managed to rise on news of the Sydney Gas company being bought out. … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Video: Wall Street Looking For Normalcy
Jeff Frankel, of Stuart Frankel and Co., says investors are looking at oil prices and equity markets’ trading range hoping for normalcy. … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Video: Walmart To Shell Out Up To $640 Million To Settle Lawsuits
After years of waiting, Walmart Stores Incorporated (WMT) announced today that it will pay as much as $640 million in order to settle 63 lawsuits over wage and hour violations. … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Small-Cap Stocks: The Most Important Trend Headed Into 2009
Yesterday we got confirmation that the U.S. economy contracted by 0.5% in the third quarter. And most economists expect the downturn to accelerate, with GDP checking in as low as negative 6% in the fourth quarter. Here’s why I’m not concerned…
A more important trend is emerging. Remember, on November 19 I told you to consider going big, by going small with small caps. Well, the markets didn’t leave much time for preparation.
In that short span, small caps jumped 6.38%, almost … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Daily Diamonds - Volume And Resistance Insights
There’s interesting slightly conflicting technical signals on the DIA (DIA) - the Dow Jones ETF daily chart. We’re seeing bearish overhead resistance confirmed by a bearish non-confirmation in volume… which is developing underneath a positive momentum divergence. Let’s see if we can sort this out.
DIA Daily chart:
I separated the volume bars to highlight the non-confirmation or negative divergence in volume that appears to be coming to a resolution (as price moved higher, … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - US Stock Market Outlook For Wednesday
It’s going to be really quiet today (Wednesday) . We have a half day today, which means that we close at 1:00PM. We have several economic reports coming out in the morning (not that they even matter these days): Durable Goods (8:30AM), Personal Income/Outlays (8:30AM), Jobless Claims (8:30AM), and don’t forget that we have the EIA Petro report (10:35AM) and the EIA Nat Gas report (12:00PM) coming out on the same day. Could be volatile for you oil/gas folks.
The markets have been very … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Recession Deepens As U.S. Economy Shrank 0.5% In Third Quarter
The U.S. economy shrank 0.5% in the third quarter, marking the slowing pace since 2001 and continuing a still deepening recession that has wrung the markets since last year.
Dana Saporta, an economist at Dresdner Kleinwort in New York, told Bloomberg projects a 5.4% overall contraction in the fourth quarter.
“Some of the factors that led to negative growth in the third quarter will be amplified this quarter,” Saporta said. “We have negative growth factored into our forecast through … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Video: Housing Market Shows No Signs Of Recovery
Home Sales decline despite a drop in mortgage interest rates and even home prices. Economists expect the housing problem will get only worse in the new year. … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - The Euro At Ten: Why Such Small Trade Effects?
Trade among euro members has increased 10-15% since the introduction of the euro, a far smaller effect than estimated prior to the currency’s introduction. What explains the discrepancy between the European experience and previous history? This column explores the difficulty of explaining the difference.
With the tenth anniversary of the launching of the euro, everyone is taking stock. The record of the euro shows both pluses and minuses. Looking back, the euro has in many ways … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Why Foreign Investors Flock To Safety Of Treasury Bills, ETFs
It is not just American investors seeking safety in short-term Treasury bills and related exchange traded funds (ETFs); foreign investors are throwing cash into U.S. securities in record volume. However, where the money is going specifically is telling.
Foreign investors are pulling money out - a calculated $50 billion in October - of higher-yielding bonds issued by government supported-entities Fannie Mae and Freddie Mac, which shows lingering doubt about the government’s sway in the … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - The VIX Holiday Crush
The VIX (^VIX) has been steadily declining during the month of December, from the high 60s on the first day of the month to the neighborhood of 42 as I write this.
Clearly the extraordinary measures taken by the government to pump liquidity into the system have been responsible for some of the shrinking volatility, but since I often talk about the holiday effect on volatility and frequently receive questions on the subject, I thought it would be a good day to share some of my … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - US Existing Homes Sales Turn Colder
It may not be very merry, but it’s true. Homeowners have gotten another lump of coal this month.
According to the National Association of Realtors (NAR), existing homes sales fell again in November as prices continued to free fall. Bah Humbug.
Here’s the skinny from AP.
It is in a story by Alan Zibel entitled: November existing home sales fall by 8.6 percent
“Sales of existing homes plunged far more than expected last month as buyers recoiled from October’s financial wreckage on … [visit site to read more]Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - 1 Euro = 1 Pound? It Could Happen!
For years and year, whatever direction the euro went, the pound tagged along and vice versa. This produced a wide trading range for the last 30 years. However, we live in a new day today as we break through those historic highs this month!
Check out the chart below.
30 Year Highs are Taken Out! Will we reach parity?!?
There's been a power struggle since the advent of the euro!
You know, many years ago when the euro came into existence, there was a "power struggle" between … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - CNBC Anchors On A Mission
In a different place and time, journalists sought to discover information and pass it along to readers. Really good journalists took complex information and helped to explain it. Investigative journalists discovered things the average reader would not have found on his own.
What happened?
Too Many Opinions
Something has gone wrong, seriously wrong. It is an excess of opinion.
Every commentator has so many opinions — strong ones. This is true even among our favorite … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Tuesday's Market Recap: Dow Loses For 5th Straight Day
Bearish sentiment continued Tuesday, as markets finished at lower levels again. The Dow (^DJI) closed at 8,419 points, after losing 1.18%. This marks five straight days of losses for the Dow Jones Industrial Average. The Nasdaq (^IXIC) lost .71%, and finished with 1,521 points. While the S&P 500 (^GSPC) declined .97%, and closed at 863 points. The Russell 2000 declined 1.35%, and finished at 468 points. Japan’s Nikkei 225 (^N225) stock average was up 1.57%, as Britain’s FTSE … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Palatable Ugliness
Admittedly, watching and reading about the slow-motion economic train wreck that has been unfolding since last year can be downright depressing.
However, there are a few commentators who know how to use their various talents — a sense of humor, literary eloquence, a nose for what is important — to transform the ongoing ugliness into something more palatable.
Among the best is Jim Kunstler, author of World Made by Hand and The Long Emergency, who serves up all sorts of … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Video: Pre Market: Starbucks Cuts Workers Benefits
The stories, data, and stocks that may have the greatest impact during the next trading session. … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - US GDP: Unchanged From Prior Reading
The final revision from the Bureau of Economic Analysis released on Tuesday showed 3Q’08 U.S. real GDP growth slipped at an annual rate of 0.5%. The report compares the three month period that ended Sept. 30 to the preceding quarter.
In the 2Q, real GDP, the broadest measure of the U.S. economy, increased 2.8%. The 0.5% slide in 3Q-GDP marked the biggest drop in seven years. The year-over-year [YoY] rate of growth, which came in at 0.7%, was also the weakest since 2001. The decrease … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Cartoon: Helicopter Ben Strikes Again
Starting the day with some humor…..
…yeah, that sounds about right.
My tongue in cheek, mildly sarcastic bailout plan from several weeks back makes more and more sense each and every … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Government Revenue Creep
I concluded my November 25th post (”Who Doesn’t Enjoy A Good Spending Spree?”) with the following comment: “This has been the enduring failure of Keynesian economics. Everyone loves a good spending spree. No one ever wants to take away the punch bowl.”
The following graph (courtesy of Greg Mankiw) does a wonderful job of illustrating this. The rapid increase in government revenue relative to GDP in the early 1940’s was due to World War II. The more interesting observation, though, is … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - 2008: A Year To Forget…What's Next?
We’ve seen the unthinkable in just a few short years.
Housing meltdown
Financial meltdown
Stock Market meltdown
Dollar meltdown
Massive government bailouts and exorbitant stimulus
The death of Indymac, Countrywide, Washington Mutual, Fannie Mae (FNM), Freddie Mac (FRE), Goldman Sachs (GS)…
Humiliated realtors, discredited NAR, destroyed homebuilders
Inflationary and Deflationary Risks
Oil at New Highs
California Disasters
Massive layoffs across the … [visit site to read more]Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - 2 Reasons To Not Count Dollar ETF Out
The U.S. dollar and gold are dancing to different tunes and the investor will have to decide which market or exchange traded fund (ETF) he or she will choose in a capricious economy.
Early last week, the dollar rallied against a 13-year low vs. the yen and a 12-week low vs. the euro, reports Aaron Task for Yahoo! Finance.
This may be because of actions taken by the Bank of Japan or the European Commission that have also dramatically reduced rates. After all, the United States isn’t … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Goldman Sachs Reports First Loss since IPO But Is Still "Best Of Breed"
Last week, investors anxiously awaited earnings announcements from both banking giants Goldman Sachs (GS) and Morgan Stanley (MS). These reports gave Wall Street a good look at the progress of both companies in their transformation from investment banks to commercial banks. Goldman Sachs and Morgan Stanley gained 19.18% and 11.55% on the week as the financial sector rallied a mere 2.72%. One thing is certain from both of there announcements, it will take a long time for both … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Fiscal Policy And The Credit Crunch: What Will Work?
Most countries need a fiscal stimulus, but how should it be implemented? This column assesses fiscal policy’s potential to increase demand and argues that any meaningful boost must come from transfers to the private sector, not infrastructure investments. Tax cuts will be most effective in countries where households are net borrowers.
As the real economy sinks quickly into a deep recession, governments are groping for measures to limit the downturn. And as interest rates are quickly … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Video: Oil Prices Slip Again On Poor US Economic Data
Front month crude prices slipped yet again this session as poor US housing and GDP data onceagain kept investors minds focused on further falling fuel demand. … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать
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