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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...