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32%  
Woo hoo!! And the first 32% is in!! Please keep it coming in, folks. July is almost funded--now we need to cover August and September.

Keyword: djia

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  • Stocks plunge: Worst day in months

    11/16/2010 2:54:54 PM PST · by Signalman · 11 replies
    CNNMoney ^ | 11/16/2010 | Hibah Yousuf
    NEW YORK (CNNMoney.com) -- U.S. stocks tumbled Tuesday, with all three major indexes down nearly 2%, as investors cast a worried eye at economic developments in Europe and China. The Dow Jones industrial average (INDU) finished 178 points lower, or 1.6%, with Alcoa (AA, Fortune 500) and Travelers Companies (TRV, Fortune 500) leading the blue chip index's decline. Earlier in the session, the Dow fell more than 200 points. The S&P 500 (SPX) fell 19 points, or 1.6%. The tech-heavy Nasdaq (COMP) lost 44 points, or 1.8%. The Dow and the S&P posted the biggest one-day losses since Aug. 11...
  • Markets Tanking, NASDAQ Down Over 1.8%

    11/11/2010 7:10:37 AM PST · by blam · 35 replies
    The Business Insider ^ | 11-11-2010 | Gregory White
    Markets Tanking, NASDAQ Down Over 1.8% Gregory White Nov. 11, 2010, 9:51 AM Markets have opened up much lower, on the Cisco news from yesterday. Dow down 0.95% S&P 500 down 1.02% The NASDAQ is leading losses, down over 1.8%.
  • Guy Who Predicted Dow 5,000 Gives Embarrassing Explanation For Why He Blew It

    10/14/2010 7:36:34 AM PDT · by blam · 18 replies
    The Business Insider ^ | 10-14-2010 | Joe Weisenthal
    Guy Who Predicted Dow 5,000 Gives Embarrassing Explanation For Why He Blew It Joe Weisenthal Oct. 14, 2010, 10:18 AM Image: CNBC Remember David Hefty? He's the guy who in May predicted that the Dow would collapse to 5,000 by the end of the year, and well, his prediction isn't looking so hot. He was back on CNBC this morning explaining his wrong call, except... he claims he's not wrong. He says he was just really early -- which, truth be told -- is pretty much the lamest excuse in the book. But why was he early? Basically because governments...
  • Stocks have nowhere to go but down

    10/11/2010 1:46:13 PM PDT · by Signalman · 12 replies
    CNNMoney ^ | 10/11/2010 | Sean Tully
    FORTUNE -- Don't believe the bulls who predict a new era of rising stock prices. Sure, their arguments sound convincing: Confidence will surge following the arrival of a new, business-friendly Congress, the U.S. economy always rebounds strongly after a deep recession -- it's just taking longer this time. Or, it's the nature of the market to post big gains after a decade or more of poor returns. Unfortunately, the basic math doesn't support the optimists' case. Put simply, the stock market is in a box that makes high future returns virtually impossible for people who invest in the S&P 500...
  • As Stocks Go Up, Investors Exit The Market

    09/24/2010 11:11:02 AM PDT · by blam · 42 replies
    The Business Insider ^ | 9-24-2010 | Vincent Fernando, CFA
    As Stocks Go Up, Investors Exit The MarketVincent Fernando, CFA Sep. 24, 2010, 1:32 PM Latest mutual fund flow data from the Investment Company Institute shows that investors pulled $3.6 billion out of domestic U.S. stock funds for the week ending September 15th. Funds which invest in foreign stock markets received $582 million of new capital, for a net -3.02 billion fund flow for stocks according to Citi's Tobias Levkovich. Yet the S&P 500 rose over the period, as shown below by this chart ending on September 15th. Stocks rose from the end of August through September 15th: Bond funds...
  • Stocks slide on economic gloom

    08/24/2010 10:13:10 AM PDT · by Signalman · 10 replies
    CNNMoney ^ | 8/24/2010 | CNNMoney Staff
    NEW YORK (CNNMoney.com) -- U.S. stocks retreated Tuesday after a report showing existing home sales plunged to historic lows spooked investors. The Dow Jones industrial average (INDU) sank 97 points, or 1%, the S&P 500 (SPX) lost 12 points, or 1%, and the Nasdaq (COMP) composite fell 25 points, or 1.2%. "Economic reports have been close to disastrous," said Joseph Saluzzi, co-head of equity trading at Themis Trading. "People are very concerned about the economy and everyone is talking about a double-dip [recession] at this point." The disappointing economic news has sent investors flocking to the perceived safety of Treasurys...
  • Obama says worst of recession is over amid economic turmoil on Wall Street

    08/12/2010 12:18:14 PM PDT · by Nachum · 48 replies
    The hill ^ | 8/12/10 | Ian Swanson
    Wall Street gave a thumbs-down to the economy as the Dow Jones slipped into the red for the year. The Dow Jones tumbled 265 points on Wednesday amid growing worries that the world economy is weakening. The pessimism from traders came one day after the Federal Reserve downgraded its outlook for the economic recovery amid fears of a double-dip recession. Wednesday's tough day on the markets is the latest piece of difficult news for the White House, which is trying to promote last year's $787 billion stimulus through a series of events it has dubbed the "recovery summer." President Obama,...
  • Stocks gasp at worldwide slowdown

    08/11/2010 9:48:05 AM PDT · by Signalman
    CNNMoeny ^ | 8/11/2010 | Julianne Pepitone
    NEW YORK (CNNMoney.com) -- Stocks slid Wednesday after a wider U.S. trade gap and downbeat foreign data cast doubt on overseas demand for American goods. The Dow Jones industrial average (INDU) tumbled 222 points, or 2.1%, and the Nasdaq (COMP) sank 64 points, or 2.8%. The S&P 500 (SPX) fell 28 points, or 2.5%. Earlier Wednesday, the government reported the trade deficit widened to $49.9 billion in June from a revised $42 billion the previous month. Economists surveyed by Briefing.com expected the balance to come in at $42.2 billion. "[The] figures suggest the U.S. cannot rely on a boost from...
  • Dow 14,000 in 2011? Battered bulls feel vindicated (history show current pessimism is misplaced)

    08/02/2010 1:28:58 PM PDT · by SeekAndFind · 28 replies · 4+ views
    Marketwatch ^ | 08/02/2010 | Peter Brimelow
    A jagged July ends positive, and two battered bulls feel vindicated. First, a proprietary word: The Hulbert Stock Newsletter Sentiment Index (HSNSI) -- which the reflects the average equity exposure among a subset of the short-term market timing newsletters tracked by the Hulbert Financial Digest -- stood on Friday night at 35%, down from 47.5% on Thursday. Earlier this month, Mark Hulbert argued that the HSNSI's relative slow response to the market rebound off its July 2 low was bullish from a contrary point of view. Stocks are indeed slightly higher now, but so is the HSNSI. Mark Hulbert regards...
  • Stocks Surge After ISM, S&P Blasts Above Key Level

    08/02/2010 7:43:28 AM PDT · by blam · 1 replies · 2+ views
    The Business Insider ^ | 8-2-2010 | Joe Weisenthal
    Stocks Surge After ISM, S&P Blasts Above Key Level Joe Weisenthal Aug. 2, 2010, 10:05 AM The mood was already really great, but the just-out ISM has supercharged the rally. All of the major indices are up around 1.5%, and for the technical watchers out there, the S&P has now blown above its 200-day moving average. The decent ISM number is especially good news because Goldman had predicted a debacle, and because all the macro numbers have been weak, so this counts double. Image: StockCharts.com[snip]
  • Markets Tank To End The Week: Here's What You Need To Know

    07/16/2010 2:59:29 PM PDT · by blam · 25 replies
    The Business Insider ^ | 7-16-2010 | Gregory White
    Markets Tank To End The Week: Here's What You Need To Know Gregory White Jul. 16, 2010, 4:00 PM Bank earnings that beat estimates, and yet disappointed due to poor revenue numbers, and continued worries about the strength of the U.S. recovery brought markets down heavily today. First, the scoreboard: * Dow down 2.52% * S&P 500 down 2.88% * NASDAQ down 3.11% Notably, the euro is now trading at $1.29 and the pound is now near $1.53. Now, today's top stories: * Bank shares tumbled today on concerns over revenue weakness. Investors seem worried about banks lack of lending...
  • Stock selloff heats up (Recovery Summer continues)

    07/16/2010 10:00:46 AM PDT · by Signalman · 3 replies
    CNNMoney ^ | 7/16/2010 | CNNMoney.comstaff
    NEW YORK (CNNMoney.com) -- Stocks tumbled Friday after General Electric, Bank of America and Citigroup reported weaker quarterly revenue, sparking worries about the strength of corporate profits. A flat reading on consumer prices was also in play, suggesting weak demand and little if any inflationary pressure. The Dow Jones industrial average (INDU) lost 200 points, or 1.9%, the S&P 500 (SPX) slid 23 points, or 2.2% and the Nasdaq (COMP) composite shed 50 points, or 2.2%. Declines were broad based, with 29 of 30 Dow shares falling. A variety of bank shares plunged, with the KBW Bank (BKX) index off...
  • Stock selloff accelerates

    07/01/2010 9:04:45 AM PDT · by Signalman · 28 replies
    CNNMoney ^ | 7/1/2010 | Alexandra Twin
    NEW YORK (CNNMoney.com) -- Stocks tumbled Thursday after worse-than-expected readings on manufacturing, housing and the labor market exacerbated fears that the economy is heading for another recession. The Dow Jones industrial average (INDU) lost 135 points, or 1.4%, hitting a trading low of 9,621, the lowest point since Oct. 6. The Nasdaq (COMP) composite lost 42 points, or 2%, touching a trading low of 2,061, the lowest point since Nov. 4. The S&P 500 (SPX) lost 18 points, or 1.8%, hitting a trading low of 1,010, the lowest point since Sept. 4. Declines were broad based, with all 30 of...
  • U.S. stocks close chapter on worst quarter since 2008 (down 12%)

    06/30/2010 2:25:35 PM PDT · by AngieGal · 9 replies
    MarketWatch ^ | 6/30/10 | Kate Gibson
    U.S. stocks slumped on Wednesday, leading the market to its worst quarter since December 2008, as economic concerns continued to pile on.
  • Stock selloff accelerates

    06/29/2010 8:39:12 AM PDT · by Signalman · 16 replies
    CNNMoney ^ | 6/29/2010 | CNNMoney.comstaff
    NEW YORK (CNNMoney.com) -- Stocks plunged Tuesday after a sharp drop in consumer confidence exacerbated worries about the global economy following a plunge in Asian markets overnight. Dow Jones industrial average (INDU) dropped 197 points, or 1.9%, after being down as much as 249 points. The S&P 500 (SPX) slid 22 points, or 2.1%, and the Nasdaq (COMP) composite fell 58 points, or 2.6%. Stocks had been weaker at the open but the selling picked up steam after the Conference Board released its consumer confidence index for June. Confidence slumped to 52.9 from 62.7 in May, trouncing expectations for a...
  • Market Selloff Intensifies, NASDAQ Down Over 3%

    06/29/2010 7:45:32 AM PDT · by blam · 15 replies
    The Business Insider ^ | 6-29-2010 | Joe Weisenthal and Gregory White
    Market Selloff Intensifies, NASDAQ Down Over 3% Joe Weisenthal and Gregory White Jun. 29, 2010, 10:06 AM The weak consumer confidence number just sent the market on another violent leg down. This is only adding to two news events already rocking markets. Overnight, a key leading indicator on the Chinese economy disappointed. And Europe continues to worry about the expiration an ECB liquidity facility on July 1, and that is crushing the continent's banks. The NASDAQ is down nearly 3%. The Dow is off 2.5%. NASDAQ 1-day: Stay tuned. Strap in..
  • Stocks slump on economic woes

    06/24/2010 1:37:40 PM PDT · by Signalman · 12 replies
    CNNMoney ^ | 6/24/2010 | Alexandra Twin
    NEW YORK (CNNMoney.com) -- Stocks slumped Thursday, with the Dow losing 145 points, as investors mulled mixed reports on the economy and a sell-off in bank shares as Wall Street reform talk move toward a close. Dow Jones industrial average (INDU) lost around 145 points, or 1.4%. The S&P 500 (SPX) lost 18 points or 1.7% and the Nasdaq (COMP) composite lost 37 points or 1.6%.
  • Stocks slump on economic worries

    06/24/2010 9:03:24 AM PDT · by Signalman · 1 replies
    CNNMoney ^ | 6/24/2010 | CNNMoney.comstaff
    NEW YORK (CNNMoney.com) -- Stocks slumped Thursday after reports showed a still-tough environment for the manufacturing and labor markets, one day after the Federal Reserve sounded a cautious tone on the economy. Dow Jones industrial average (INDU) lost around 100 points, or 1%, the S&P 500 (SPX) lost 12 points or 1.2% and the Nasdaq (COMP) composite lost 27 points or 1.2%.
  • Markets Rally After Lackluster Day: Here's What You Need To Know

    06/11/2010 1:34:41 PM PDT · by blam · 6 replies · 416+ views
    The Business Insider ^ | 6-11-2010 | Vince Veneziani
    Markets Rally After Lackluster Day: Here's What You Need To Know Vince VenezianiJune 11, 2010, 4:01 PM Clearly, traders were busy watching the World Cup today as markets had lighter volume than normal and no direct pattern. First, the scoreboard: Dow: +38 S&P 500: +4 NASDAQ: +24 And now, the key stories of the day. * CNBC is showing the U.S. premiere of "The Last Days of Lehman Brothers" tonight. Here are 10 movies about Wall Street we think are much better. * If you thought BP was dead - think again. Not only is their stock oversold but oil...
  • Markets Rocket Higher In Final Hour Of The Day: Here's What You Need To Know

    06/08/2010 1:09:45 PM PDT · by blam · 33 replies · 50+ views
    The Business Insider ^ | 6-8-2010 | Joe Weisenthal
    Markets Rocket Higher In Final Hour Of The Day: Here's What You Need To Know Joe Weisenthal Jun. 8, 2010, 4:00 PM Today was weird. Stocks bounced around all day, with tech getting hammered, while other indices hovered around flat. Then things got strong in the final half hour of the day. First, the scoreboard: Dow: +125 S&P 500: +12 NASDAQ: -3 And now the key stories of the day: * For once, stocks didn't tumble hard at the end. In fact they did the opposite, rallying big at the end, a refreshing difference. See here for the scary parallels...
  • Markets Fall Hard AGAIN: Here's What You Need To Know

    06/07/2010 1:08:02 PM PDT · by blam · 26 replies · 35+ views
    The Business Insider ^ | 6-7-2010 | Joe Weisenthal
    Markets Fall Hard AGAIN: Here's What You Need To Know Joe Weisenthal Jun. 7, 2010, 4:00 PM Another day, another disappointment for the markets. This one was particularly bitter, because after last night's overseas losses, US bulls actually were putting together a run in early action. But first, here's the scoreboard: Dow: -120 S&P 500: -15 NASDAQ: -46 And now, the big story of the day: * It's getting harder and harder to argue that we're not in a new bear market. The default is to sell. When there's no huge news folks are selling. Even when world leaders seem...
  • The Selloff Intensifies: NASDAQ Down Nearly 3.0%!

    06/04/2010 11:28:23 AM PDT · by blam · 48 replies · 1,101+ views
    The Business Insider ^ | 6-4-2010 | Gregory White
    The Selloff Intensifies: NASDAQ Down Nearly 3.0%! Gregory White Jun. 4, 2010, 1:55 PM Update 2:10 PM: DOW down 2.64% NASDAQ down 2.96% S&P 500 down 2.8% The market selloff is intensifying as we head deeper into the afternoon. DOW down 2.61% NASDAQ down 2.84% S&P 500 down 2.76% The euro is now hovering slightly above $1.20.[snip]
  • Stocks off sharply after disappointing jobs report

    06/04/2010 8:48:19 AM PDT · by Mad Dawgg · 72 replies · 2,034+ views
    Yahoonews/AP ^ | June 4th 2010 | EPHEN BERNARD, AP Business Writer
    NEW YORK – Investors went back to selling stocks sharply lower Friday after the Labor Department's disappointing news that hiring remains weak. Interest rates fell sharply as investors moved their money into the safety of Treasury bonds and notes. The Dow Jones industrial average dropped almost 190 points, while all the major indexes were down more than 1 percent. The government's May jobs report was an unpleasant surprise for the market. The Labor Department said private employers hired just 41,000 jobs in May, down dramatically from 218,000 in April and the lowest number since January. The news made it clear...
  • Bulls Grind Out Another Big Win: Here's What You Need To Know (DJIA +5)

    06/03/2010 1:17:27 PM PDT · by blam · 16 replies · 465+ views
    The Business Insider ^ | 6-3-2010 | Joe Weisenthal
    Bulls Grind Out Another Big Win: Here's What You Need To Know Joe Weisenthal Jun. 3, 2010, 4:00 PM Well, it wasn't the most decisive victory, but it was well earned on the part of the bulls, who have now put together two winning days. But first, the scoreboard: Dow: +5 NASDAQ: +23 S&P 500: +10 And now the key stories: * The moderate rise upward was a refreshing. There weren't many huge headlines out of Europe or Asia, and so it appears that for the moment the default for the market is to drift higher. The late-day buying was...
  • Stocks Post HUGE Surge: Here's What You Need To Know (DJIA +225)

    06/02/2010 1:15:08 PM PDT · by blam · 20 replies · 1,101+ views
    The Business Insider ^ | 6-2-201- | Joe Weisenthal
    Stocks Post HUGE Surge: Here's What You Need To Know Joe Weisenthal Jun. 2, 2010, 4:00 PM Finally, the bulls didn't blow it in the final moments of the day, as major markets ended near their highs. But first, the scoreboard: Dow: +225 (+2.25%) S&P 500: +27 (+2.6%) NASDAQ: +58 (+2.6%) And now, the day's key stories: * The stock market rally was in itself a big story. Yesterday's collapse was deeply unnerving to the market, and the resignation of the Japanese Prime Minister appeared set to further the global nervousness. That the bulls didn't blow it is huge. Big...
  • Markets Rallying Big: Here Are The 10 Trades You Need To Know About Right Now

    06/02/2010 10:29:28 AM PDT · by blam · 7 replies · 561+ views
    The Business Insider ^ | 6-2-2010 | Gregory White and Vincent Fernando, CFA
    Markets Rallying Big: Here Are The 10 Trades You Need To Know About Right Now Gregory White and Vincent Fernando, CFA Jun. 2, 2010, 12:35 PM Right now the market is rallying: DOW Up 1.12% NASDAQ Up 1.4% S&P Up 1.34% We've got the trades that are pushing markets higher, and some other outliers, right here. See the trades propelling this rally > [snip]
  • Late retreat sinks stocks

    06/01/2010 2:22:46 PM PDT · by Signalman · 2 replies · 237+ views
    CNNMoney ^ | 6/1/2010 | Alexandra Twin
    NEW YORK (CNNMoney.com) -- Stocks slumped Tuesday, ending a choppy session lower, as worries about the global economic outlook overshadowed better-than-expected readings on the U.S. economy. The Dow Jones industrial average (INDU) fell 112 points, or 1.1%. The S&P 500 index (SPX) lost 19 points, or 1.7% and the Nasdaq composite (COMP)retreated 35 points, or 1.5%.
  • Bulls Blow It AGAIN, As Stocks Sell Off Big In Late Trading: Here's What You Need To Know

    06/01/2010 1:15:01 PM PDT · by blam · 21 replies · 1,085+ views
    The Business Insider ^ | 6-1-2010 | Joe Weisenthal
    Bulls Blow It AGAIN, As Stocks Sell Off Big In Late Trading: Here's What You Need To Know Joe Weisenthal Jun. 1, 2010, 4:00 PM The overnight session was terrible, but it looked for a moment as though the bulls might put a halt to the selling, as at one point stocks were sharply higher. But, no. Stocks got hammered in late trading. Here's the scoreboard: Dow: -108 S&P 500: -18 (-1.7%) NASDAQ: -35 (-1.6%) And the big stories: * BP was savaged during trading, ending down about 15%, as it sunk in that no solution would be forthcoming in...
  • Dow ends worst May in 70 years

    05/28/2010 2:01:19 PM PDT · by Signalman · 2 replies · 344+ views
    NEW YORK (CNNMoney.com) -- Stocks cut losses but finished in the red Friday, ending a dismal month that saw the Dow Jones industrials suffer their worst May in 70 years, after a downgrade of Spain's debt reminded investors that Europe's economic woes continue. The Dow Jones industrial average (INDU) lost 122 points, or 1.2%, after having been down as much as 186 points earlier in the session. The S&P 500 index (SPX) fell 14 points, or 1.2%, and the Nasdaq composite (COMP) dropped 21 points, or 0.9%.
  • Markets Tumble Hard In Final Moments Of The Week: Here's What You Need To Know

    05/28/2010 1:25:22 PM PDT · by blam · 27 replies · 1,043+ views
    The Business Insider ^ | 5-28-2010 | Joe Weisenthal
    Markets Tumble Hard In Final Moments Of The Week: Here's What You Need To Know Joe Weisenthal May 28, 2010, 4:00 PM After falling big on the Spain downgrade announcement, the market avoided an all-out rout. But it was still pretty bad, and after fighting back hard, the bulls ended up blowing it in the final moments of the day. This is going to leave investors with a sick feeling in their stomach as they contemplate next week But first, the scoreboard: Dow: -122.3 (-1.2%) S&P 500: -14 (-1.2%) NASDAQ: -20.64 (-0.91%) And for the top stories of the day:...
  • Hedgeye CEO Keith McCullough: Sell All U.S. Stocks NOW

    05/28/2010 10:57:09 AM PDT · by blam · 5 replies · 922+ views
    The Business Insider ^ | 5-28-2010 | Henry Blodget
    Hedgeye CEO Keith McCullough: Sell All U.S. Stocks NOW Henry Blodget May 28, 2010, 12:12 PM Earlier this week, Hedgeye Risk Management made a bold call: SELL ALL U.S. STOCKS NOW. This was a short-term call, which the firm plans to revisit if/when the S&P 500 hits 1,070. But Hedgeye CEO Keith McCullough is plenty bearish over the long-term, too, and expects a U.S. implosion similar to Europe's when the country's debt-maturity calendar goes into overdrive in 2011-2012.[snip}Click to the site of the article to view the video
  • Stocks Post MASSIVE Comeback: Here's What You Need To Know

    05/27/2010 3:43:26 PM PDT · by blam · 26 replies · 942+ views
    The Business Insider ^ | 5-27-2010 | Joe Weisenthal
    Stocks Post MASSIVE Comeback: Here's What You Need To Know Joe Weisenthal May 27, 2010, 4:00 PM Today showed a HUGE reversal from yesterday's miserable action, not just in US stocks, but in every key market around the world. US equities have now erased their losses for the week. Crazy. But first, the scoreboard: Dow: +286 (+2.8%) NASDAQ: +82 (3.7%!) S&P 500: +35 (3.3%) And now for some key stories of the day: * Things really seemed to hinge on the noise out of China that it had no intention to diversify away from eurozone bond holdings -- contradicting a...
  • Huge Trades Happening In The Markets Right Now (DJIA +180)

    05/27/2010 8:20:27 AM PDT · by blam · 10 replies · 870+ views
    The Business Insider ^ | 5-27-2010 | Gregory White and Vincent Fernando, CFA
    Huge Trades Happening In The Markets Right Now Gregory White and Vincent Fernando, CFA May 27, 2010, 11:04 AM There's huge activity today trading BP's potential success and anything related to Europe's continued blank check from China. Commodities also charging. Here Are The 10 Trades You Need To Know About Right Now >[snip]
  • Stocks Gain At Open On Bargain Hunting

    05/26/2010 6:56:07 AM PDT · by blam · 16 replies · 360+ views
    Reuters ^ | 5-26-2010 | Angela Moon
    Stocks Gain At Open On Bargain HuntingAngela Moon On Wednesday May 26, 2010, 9:43 am NEW YORK (Reuters) - Wall Street opened higher on Wednesday on bargain hunting after a recent sell-off and as U.S. Treasury Timothy Geithner flew to Europe to press for united action to tackle the region's deepening debt crisis. The Dow Jones industrial average (DJI:^DJI - News) was up 78.90 points, or 0.79 percent, at 10,122.65. The Standard & Poor's 500 Index (^SPX - News) gained 10.79 points, or 1 percent, at 1,084.82. The Nasdaq Composite Index (Nasdaq:^IXIC - News) rose 28.73 points, or 1.30 percent,...
  • Europe Is Getting Hammered Prior To U.S. Market Open (US Opens Down 248)

    05/25/2010 6:38:41 AM PDT · by blam · 81 replies · 3,163+ views
    The Business Insider ^ | 5-25-2010 | Gregory White
    Europe Is Getting Hammered Prior To U.S. Market Open Gregory White May 25, 2010, 9:17 AM European indices are getting crushed by the expansion of concerns over the Spanish banking situation and interbank lending on the continent. Spain IBEX, down 4.22% Italy's MIB, down 4.7% German DAX, down 2.82% French CAC, down 3.7% UK FTSE, down 2.91% Tags: Markets, Europe
  • US Futures Still Heading Down, Nikkei Dives 2.2

    05/24/2010 7:37:46 PM PDT · by blam · 23 replies · 885+ views
    The Business Insider ^ | 5-24-2010 | Joe Weisenthal
    US Futures Still Heading Down, Nikkei Dives 2.2% Joe Weisenthal May 24, 2010, 9:31 PM Asia picks up the baton that the US handed off in the final minutes of trading. Here's the Nikkei. It's now down over 2%. Image: Nikkei.com Us futures are off significantly. Dow futures are off nearly triple digits. Meanwhile the euro is holding $1.23 by the skin of its teeth. For a wrapup of the US market action, see here.[snip]
  • Stock Market Sees Good Times Ahead

    05/24/2010 5:08:35 AM PDT · by blam · 38 replies · 1,243+ views
    Seeking Alpha ^ | 5-24-2010 | David Berman
    Stock Market Sees Good Times Ahead Market Blog May 24, 2010 By David Berman Unemployment remains frustratingly high in the United States, and many observers are fretting about the possibility of a jobless recovery – but you wouldn’t know it from the stock market. Judging from its behavior over the past 14 months, the S&P 500 is betting on a strong economic rebound with jobs for everyone. You can see this in the way that various groups of stocks within the broad index have been moving since it began to recover in March, 2009. Higher-risk cyclical stocks that thrive on...
  • Week Already Off To A Weak Start: Nikkei Down, S&P Futures Down

    05/23/2010 10:03:35 PM PDT · by blam · 5 replies · 665+ views
    The Business Insider ^ | 5-23-2010 | Joe Weisenthal
    Week Already Off To A Weak Start: Nikkei Down, S&P Futures Down Joe Weisenthal May 23, 2010, 9:50 PM The weekend's long over, and once again, investors are in the mood to sell. Kicking things off is the Nikkei, which has opened to the downside. Image: Nikkei.com US futures are moving in the same direction. Dow futures are off over 60. S&P futures are down 8. Most other key markets are pointing towards risk-aversion as well. The euro is slipping along with copper, palladium, and oil. And the world's favorite new bellwether, the aussie dollar, is down as well. Watch,...
  • The Selling Intensifies: Markets Down 1%, Dow Slicing Through 10,000, Paris Down Big

    05/21/2010 6:24:47 AM PDT · by blam · 32 replies · 1,175+ views
    The Business Insider ^ | 5-21-2010 | Joe Weisenthal
    The Selling Intensifies: Markets Down 1%, Dow Slicing Through 10,000, Paris Down Big Joe Weisenthal| May 21, 2010, 8:36 AM Just under an hour to go until opening bell, and at the moment things are getting worse. The Dow looks set to slice through the 10,000, with a decline of about 100. The NASDAQ, which has been really bearing the brunt of this selloff, is off over 1% in the futures market. Across the pond, keep your eye on Paris, which is off about 2%. Bonds, not surprisingly, are doing just fine. Gold is down again. The euro is up,...
  • Asia Blowing Off The U.S. Collapse

    05/20/2010 11:28:31 PM PDT · by blam · 6 replies · 533+ views
    The Business Insider ^ | 5-21-2010 | Vincent Fernando, CFA
    Asia Blowing Off The U.S. Collapse Vincent Fernando, CFA May 21, 2010, 1:06 AM Despite yesterday's mayhem in the U.S. and Europe, and Japan's over 2% drop right now, mainland China and Asia are doing okay. Shanghai's CSI 300 is slightly in the green, while MSCI Asia is down just half a percent. Hong Kong is closed. Australia is down just 0.6%. Not pretty, but not bad either, for a day after the S&P 500 and Nasdaq shed 4% in a session. It's as if China is in a drivers' seat here.[snip]
  • Horrendous Close Already Has Investors Worried About A Friday Massacre

    05/20/2010 1:23:08 PM PDT · by blam · 55 replies · 2,231+ views
    The Business Insider ^ | 5-20-2010 | Joe Weisenthal
    Horrendous Close Already Has Investors Worried About A Friday Massacre Joe Weisenthal May. 20, 2010, 4:16 PM As we noted in our closing roundup, stocks ended near the lows of the day. But it didn't look like that was going to happen until the final several minutes of the day. It was, as multiple traders noted to us a horrible, high-volume close that portends big trouble for stocks. At 1071, we're not just a couple of points above the S&P's flash crash low of around 1068. The bailout from two weeks ago is over. Everyone's looking for the next action,...
  • MARKETS CRUSHED (DJIA -376, -3.6%): Here's What You Need To Know

    05/20/2010 1:13:50 PM PDT · by blam · 64 replies · 2,195+ views
    The Business Insider ^ | 5-2010 | Joe Weisenthal
    MARKETS CRUSHED: Here's What You Need To Know Joe Weisenthal May. 20, 2010, 4:00 PM Once again, fears emanating out of Europe (and China) swamped US markets, which got hammered for the 5th time in 6 days. Ominously, after some modest mid-day nibbling, stocks closed very near the lows of the day But first, the scoreboard: Dow: -376 (-3.6%) NASDAQ: -93 (-4.1%) S&P 500: -43 (-3.9%) And now for some key stories: * Europe continues to confirm that there is nobody in charge. There was talk of some kind of unified anti-shorting regulation across the continent, but for the most...
  • ROUBINI: 20% Market Selloff Coming

    05/20/2010 12:51:43 PM PDT · by blam · 34 replies · 1,523+ views
    The Business Insider ^ | 5-201-2010 | Joe Weisenthal
    ROUBINI: 20% Market Selloff Coming Joe Weisenthal May. 20, 2010, 3:17 PM Dr. Doom is on CNBC talking to Maria Bartiromo talking risks, Europe, the PIIGS, and double dips. Maria cited a recent panel where he called for a 20% decline in US equities over the coming months. He's calling on governments to cut spending and raising taxes, but doubts any one government has the political capital to do it. He recommends getting more into cash, and possibly buying protection with options, though he notes that's gotten expensive. As for the double dip question, he sees the risk everywhere from...
  • Bill Gross: World In The Midst Of A Flight To Liquidity

    05/20/2010 11:49:59 AM PDT · by blam · 14 replies · 748+ views
    The Business Insider ^ | Joe Weisenthal
    Bill Gross (PIMCO): World In The Midst Of A Flight To Liquidity Joe Weisenthal May. 20, 2010, 2:42 PM Well we were wondering when PIMCO would weigh in... Reuters: Bill Gross, the co-chief investment officer of Pimco and manager of the firm's Total Return Fund, told Reuters that "fiscal tightening momentum" is increasing in almost every corner of the world. That comes as financial markets are exhibiting "a mini-relapse of a flight to liquidity as hedge funds and other leveraged positions are liquidated to preserve capital," Gross said. Read the whole thing >[snip]
  • Stocks plummet as investor fear spikes

    05/20/2010 8:57:33 AM PDT · by Signalman · 3 replies · 241+ views
    CNNMoney ^ | 5/20/2010 | CNNMoney.comstaff
    NEW YORK (CNNMoney.com) -- Stocks slumped hard on Thursday, with the major gauges all falling more than 2%, as concerns about the European debt crisis and the plunge in the euro continued to rattle investor confidence. The Dow Jones industrial average (INDU) fell 302 points, or 2.9%. The Nasdaq (COMP) fell 77 points, or 3.4%, and the S&P 500 (SPX) declined 35 points, or 3.2%.
  • Europe Plunging: Flash Crash Thursday 2.0?

    05/20/2010 5:47:45 AM PDT · by blam · 51 replies · 1,504+ views
    The Business Insider ^ | 5-20-2010 | Joe Weisenthal
    Europe Plunging: Flash Crash Thursday 2.0? Joe Weisenthal May. 20, 2010, 7:49 AM Update: Things are getting really ugly in the US. S&P futures are down 2.0% following some ugly jobless numbers, and the flood of pictures from Greece. Original post: Today is feeling frighteningly similar to the day of the Flash Crash, May 6, which happened to be exactly two weeks ago. For one thing, it's a Thursday. For another thing, Greeks are amassing in protest. And the markets are already selling off hard. Right now Dow futures are off over 150, and France's CAC-40 is off over 2%.Gold...
  • Stocks End Down Hard AGAIN: Here's What You Need To Know

    05/19/2010 1:52:38 PM PDT · by blam · 9 replies · 1,180+ views
    The Business Insider ^ | 5-19-2010 | Joe Weisenthal
    Stocks End Down Hard AGAIN: Here's What You Need To Know Joe Weisenthal May. 19, 2010, 4:00 PM At one point today, markets were off nearly 2%, so the action was not horrible for bulls. Perhaps the bleeding is stopped momentarily.. But first, the scoreboard: Dow: -66.65 S&P: -5.8 NASDAQ: -18.9 And now, the key stories: * For the moment, markets have stopped freaking out about Europe and Germany's boneheaded move to go after short-sellers. The euro has staged an impressive rally. The euro is now nearly at $1.24, which seems high, but remember, $1.25 was thought to be unthinkably...
  • Europe Closes And Selling Gets Worse: Dow Falls 160, NASDAQ Down 1.8%

    05/19/2010 8:57:28 AM PDT · by blam · 10 replies · 844+ views
    The Business Insider ^ | 5-19-2010 | Joe Weisenthal
    Europe Closes And Selling Gets Worse: Dow Falls 160, NASDAQ Down 1.8% Joe Weisenthal May. 19, 2010, 11:38 AM The bulls staged another run and briefly managed to get the Dow down just 50, but they can't sustain it. What's going on? You know the drill: EURO EURO EURO EURO EURO EURO EURO, GERMANY, EURO. All pretty straightforward stuff. Meanwhile, European markets fell hard, lead to the downside by France's CAC-40. One interesting stock to watch: Goldman Sachs (GS) had been higher throughout the morning, but is now slightly in the red.[snip]
  • The Bulls Are Failing After Attempted Charge, Dow Briefly Off Triple Digits

    05/19/2010 8:13:41 AM PDT · by blam · 25 replies · 722+ views
    The Business Insider ^ | 5-192010 | Joe Weisenthal
    The Bulls Are Failing After Attempted Charge, Dow Briefly Off Triple Digits Joe Weisenthal May. 19, 2010, 10:27 AM Update: The market has come back a bit. Suffice to say things are volatile. Original post: The pre-market was very ugly, then the bulls rallied back to the even line in early trading. And now things are swooning again. We're currently off over triple digits. At one poitn we were off 140, though we've come back just a touch. The NASDAQ is down 32. Gold is below $1200. Pay attention[snip]
  • Suddenly, Everyone's In the CRASH Camp, Not Just The Bear Camp

    05/18/2010 7:15:54 PM PDT · by blam · 25 replies · 1,657+ views
    The Business Insider ^ | 5-18-2010 | Joshua Brown
    Suddenly, Everyone's In the CRASH Camp, Not Just The Bear Camp Joshua Brown May. 18, 2010, 9:12 PM Here a Swan, there a Swan, everywhere a Black Swan... Newsletter writers, hedge fund managers, journalists, bloggers, technicians, fundamental analysts, economists and strategists are joining the crash camp left and right. Not the bear camp...the crash camp. After scanning today's articles and blog posts, I can honestly say that I've never heard more chatter about an imminent market crash, all at once, in my life. It's like the May 6th Flash Crash got everyone in the mood to talk cataclysm all of...