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  • U.S. Stocks End Lower (DJIA down 115)

    10/10/2014 1:26:07 PM PDT · by Signalman · 25 replies
    WSJ ^ | 10/10/2014 | Corrie Driebusch
    *U.S. Stocks End Lower; DJIA Drops 115 Points, or 0.7% *Nasdaq Composite Sinks 2.3%
  • Extreme turbulence: Stocks suffer steepest drop of 2014 (-315 pts)

    10/09/2014 1:32:26 PM PDT · by Signalman · 27 replies
    CNNMoney ^ | 10/9/2015 | Matt Eagan
    If the stock market were a transatlantic flight, the ride just went from uncomfortably bumpy to white-knuckle turbulence. The Dow plunged 335 points on Thursday, its worst day of the entire year on a point basis. What's behind all of this volatility? Market moves aren't always logical, but it's clear that investors are growing increasingly nervous about the fate of the European and Chinese economies. And they don't know how that will change the Federal Reserve's plans to remove the easy-money punchbowl. The violent swings in the market confused professionals and retail investors alike. "Everyone who thought they were in...
  • MARKETS GO WILD AFTER THE FED SAVES THE DAY: Here's What You Need To Know (DJIA +275, 1.64%)

    10/08/2014 1:20:38 PM PDT · by blam · 49 replies
    BI ^ | 10-8-2014 | Myles Udland
    Myles UdlandOctober 8, 2014 Stocks rallied in a big way after the Minutes from the latest Federal Reserve monetary policy meeting showed that the Fed remains particularly cautious about raising interest rates in the face of a strengthening US dollar and a slowing global economy. First, the scoreboard: •Dow: 16,989.69, +270.3, (+1.6%) •S&P 500: 1,968.86, +33.8, (+1.7%) •Nasdaq: 4,469.60, +84.3, (1.9%) And now, the top stories Wednesday: 1. The biggest story on Wednesday was the release of the Minutes from the Federal Reserve's September monetary policy meeting. The minutes were interpreted as "dovish," by the market, essentially meaning that the...
  • Tech trouble sparks wave of selling on Wall Street (DJIA down 246)

    09/25/2014 12:24:18 PM PDT · by Signalman · 6 replies
    CNNMoney ^ | 9/25/2014 | Matt Eagan
    CNNMoney's Fear & Greed Index is now flashing "extreme fear," compared with just "fear" a week ago. Very recently, this gauge was in all-out "greed" territory. Safe haven demand, a key metric in the Fear & Greed Index, switched to "extreme fear" from "neutral" earlier this week. It's important to remember that low trading volumes caused by the Rosh Hashanah holiday could be exacerbating the selloff. Low volume makes it harder for buyers and sellers to pair up. Sour Apple: One stock that's not seeing a shortage of volume is Apple. The tech giant dropped 3% on Thursday in the...
  • Icahn, Soros, Druckenmiller, And Now Zell: The Billionaires Are All Quietly Preparing For The Plunge

    09/04/2014 6:50:17 AM PDT · by blam · 13 replies
    Zero Hedge ^ | 9-4-2014 | Tyler Durden
    Tyler Durden 09/03/2014 "The stock market is at an all-time, but economic activity is not at an all-time," explains billionaire investor Sam Zell to CNBC this morning, adding that, "every company that's missed has missed on the revenue side, which is a reflection that there's a demand issue; and when you got a demand issue it's hard to imagine the stock market at an all-time high." Zell said he is being very cautious adding to stocks and cutting some positions because "I don't remember any time in my career where there have been as many wildcards floating out there that...
  • Coppock Market Message: Get Out And Stay Out - Check Back In Q1 2015

    05/05/2014 10:53:26 AM PDT · by blam · 6 replies
    Zero Hedge ^ | 5-5-2014 | Tyler Durden
    Coppock Market Message: Get Out And Stay Out - Check Back In Q1 2015 Tyler Durden 05/05/2014 12:44 -0400 Submitted by Charles Hugh-Smith of OfTwoMinds blog, This chart's value is in posing an if-then question: if today's S&P 500 follows these patterns, what will our reaction be? Longtime contributor B.C. recently submitted a chart that combines two interesting market tools: the Coppock Curve and historical analogies. Coppock called his technical invention the Very Long Term (VLT) Momentum indicator, and the so-called "killer wave" is a top followed by a second lower peak. This chart shows the Coppock Curve for the...
  • Stocks sink on Fed, emerging market fears

    01/29/2014 6:04:28 PM PST · by Signalman · 6 replies ^ | 1/28/2014 | Ben Rooney
    While the Fed's decision was not a surprise, some investors had expected the central bank to address the recent turmoil in Turkey and other emerging markets that has spilled over to Wall Street. Drew Nordlicht, managing director at wealth management firm HighTower in San Diego, said that investors were disappointed by the Fed's decision to "not even acknowledge the strains" in emerging markets. The Dow Jones industrial average lost nearly 190 points. Boeing was the biggest drag on the Dow as investors were disappointed by its earnings outlook. AT&T also gave earnings guidance that fell short of expectations. The S&P...
  • Billionaires Dumping Stocks, Economist Knows Why

    01/03/2014 9:18:37 AM PST · by gorush · 58 replies ^ | Thursday, 02 Jan 2014 | Newsmax Wires
    Despite the 6.5% stock market rally over the last three months, a handful of billionaires are quietly dumping their American stocks . . . and fast. Warren Buffett, who has been a cheerleader for U.S. stocks for quite some time, is dumping shares at an alarming rate. He recently complained of “disappointing performance” in dyed-in-the-wool American companies like Johnson & Johnson, Procter & Gamble, and Kraft Foods. In the latest filing for Buffett’s holding company Berkshire Hathaway, Buffett has been drastically reducing his exposure to stocks that depend on consumer purchasing habits. Berkshire sold roughly 19 million shares of Johnson...
  • Dow Hits 16,000 for First Time, S&P 500 Hits 1,800 (Both all time highs)

    11/18/2013 8:14:17 AM PST · by SeekAndFind · 46 replies
    ABC News ^ | 11/18/2013
    Stock market indexes are hitting new milestones on Wall Street. The Dow Jones industrial average crossed 16,000 points for the first time early Monday and the Standard & Poor's 500 index crossed 1,800 points. Stocks have been rising sharply this year as the U.S. economy improves, companies report bigger profits and the Federal Reserve keeps up its easy-money policies.
  • Stock market hits record high!

    07/12/2013 8:38:23 AM PDT · by SeekAndFind · 14 replies
    Decatur Daily ^ | 07/12/2013 | Steve Rothwell, Associated Press
    NEW YORK — Call it the Bernanke Boost. The stock market, which has been marching higher for a week, got extra fuelThursday after Federal Reserve Chairman Ben Bernanke said the central bank will keep supporting the economy. The Dow Jones industrial average and Standard & Poor’s 500 surged to all-time highs. And the yield on the 10-year Treasury note continued to decline as investors bought bonds. Stocks that benefit most from a continuation of low interest rates, such as homebuilders, notched some of the biggest gains. The chairman made the comments in a speech late Wednesday after U.S. markets had...
  • Dow drops below 15,000

    06/05/2013 1:31:48 PM PDT · by Signalman · 18 replies
    CNNMoney ^ | 6/5/2013 | Hibah Yousuf
    <p>Persistent worries about the slowing economy and when the Federal Reserve will start tapering its bond buying program had investors on edge again Wednesday.</p> <p>U.S. stocks fell sharply, extending the previous day's slide, after major global markets also ended in the red.</p>
  • STOCKS CRATER, DOW FALLS 208 POINTS: Here's What You Need To Know

    05/31/2013 1:31:14 PM PDT · by blam · 58 replies
    Business Insider ^ | 5-31-2013 | Sam Ro
    STOCKS CRATER, DOW FALLS 208 POINTS: Here's What You Need To Know Sam Ro May 31, 2013, 4:00 PM Things got really ugly during the last few minutes of the trading session. First the scoreboard: Dow: 15,115, -208.9 pts, -1.3% S&P 500: 1,630, -23.6 pts, -1.4% NASDAQ: 3,455, -35.3 pts, -1.0% And now the top stories: The April personal income and spending report was disappointing. Income was flat, which was worse than the modest 0.1% gain expected by economists. Spending unexpectedly fell by 0.2%. "Despite surging prices for homes and equities, consumer spending is contracting," said economic bear Lakshman Achuthan...
  • Stocks Slip on Muddy Outlook for U.S. Economy

    05/01/2013 9:30:54 AM PDT · by John W · 14 replies
    The Street ^ | May 1, 2013 | Andrea Tse
    NEW YORK (TheStreet) -- The S&P 500 fell after a spate of negative surprises in economic reports was balanced against expectations that the Federal Reserve will not be winding down its asset purchases in the near future. The latest employment numbers pointed to a slowdown in the economy with payroll processor ADP reporting that the private sector added 119,000 jobs in April vs. a downwardly-revised 131,000 in March. The number was below the consensus estimate of 150,000, according to Thomson Reuters. Similarly, the ISM Manufacturing Index dipped to 50.7 in April from 51.3 in March, falling further than the 50.9...
  • 'Bogus' AP tweet about explosion at the White House wipes billions off US markets

    04/23/2013 12:14:47 PM PDT · by Hojczyk · 26 replies
    The UK Telegraph ^ | April 23, 2013 | Peter Foster
    The US stock market went into a temporary tailspin after hackers broke into the Twitter account of the Associated Press and announced that two bombs had exploded at the White House, injuring Barack Obama. “Breaking: Two Explosions in the White House and Barack Obama is injured,” said the fake “alert” from one of America’s most trusted news sources, briefly fooling some news outlets and sending the Dow Jones plunging 145 points in the space of two minutes — or 1 per cent. The benchmark S&P 500 index also fell nearly 1 percent in the space of three minutes as the...
  • AP says its Twitter account hacked (led to Market flash crash)

    04/23/2013 10:24:16 AM PDT · by RummyChick · 61 replies
    market watch ^ | 4/23 | market watch
    Associated Press says its Twitter account has been hacked, as the Twitter feed falsely said that there had been two explosions at the White House.
  • The Dow Isn’t Really At A Record High (And It Wouldn’t Matter If It Were)

    03/05/2013 10:08:58 PM PST · by Olog-hai · 4 replies
    NPR / Planet Money ^ | March 5, 2013 11:53 AM | Jacob Goldstein
    Just a quick, cranky reminder: Despite what you may have read, the Dow Jones industrial average did not hit a new high today in any meaningful sense. After adjusting for inflation, the Dow was higher in 2000 than it is today. It was also higher in 2007. It would need to rise another 10 percent or so to hit an all time high in real (i.e., inflation-adjusted) terms. … There are other, less arbitrary indexes of the U.S. stock market, such as the S&P 500, which tracks 500 (rather than just 30) big U.S. companies. The S&P 500, for what...
  • Dow Hits All-Time High: What’s Next for Lofty Stock Market?

    03/05/2013 10:56:22 AM PST · by SeekAndFind · 24 replies
    Yahoo Finance ^ | 03/05/2013 | By Matt Nesto
    In the face of great skepticism and a laundry list of reasons why it shouldn't be happening, the Dow Jones Industrial Average (^DJI) burst higher in early trading today, eclipsing the previous closing high of 14,164 set on October 9, 2007. As it stands, the DJIA is also trading above the record intraday high of 14,198. While the Dow's move into all-time high territory was not entirely unexpected, it is nonetheless a momentous achievement. Of particular note is the fact that today's record comes just four days shy of what will be the index's 4th anniversary of its low, which...
  • DOW HITS NEW BULL-MARKET HIGH (+175): Here's What You Need To Know

    02/27/2013 3:41:49 PM PST · by blam · 14 replies
    TBI ^ | 2-27-2013 | Sam Ro
    DOW HITS NEW BULL-MARKET HIGH: Here's What You Need To Know Sam RoFebruary 27, 2013, 4:00 PMWow! What a huge day for stocks. First the scoreboard: Dow: 14,075, +175.2 pts, +1.2 percent S&P 500: 1,515, +19.0 pts, +1.2 percent NASDAQ: 3,162, +32.6 pts, +1.0 percent And now the top stories: * The Dow closed at a new post-crisis, bull-market high. The S&P 500 got close. Both indices are near their all-time highs. The Dow closed at its all-time high of 14,164 on October 9, 2007. The S&P closed at its all-time high of 1,565 that same day. * The big...
  • Dow Hits Fresh Multi-Year High, on Track for Best Close Since Oct. 2007

    02/12/2013 12:38:28 PM PST · by ExxonPatrolUs · 19 replies
    <p>Stocks held near session highs Tuesday, with the Dow Jones Industrial Average hitting a fresh five-year high ahead of President Barack Obama's State of the Union address later this evening.</p> <p>With the Dow's move higher, the blue-chip average is now less than 1 percent from its all-time record close of 14,164.53 hit on October 9, 2007. The Dow is up more than 7 percent so far in 2013.</p>
  • The Dow at 14,000: not as good as gold (Do not be fooled by the DJIA hitting record highs)

    02/11/2013 7:41:04 AM PST · by SeekAndFind · 19 replies
    New York Post ^ | 02/12/2013 | Seth Lipsky
    What an illuminating week for Wall Street — the Dow Jones Industrial Average has been bobbling just above and below the record high 14,000 mark, even as the country comes to grip with the reports that its economy has actually been slumping, with GDP shrinking 0.1 percent in the last quarter of 2012. The Obama administration is trying to put a bright face on things — but the rest of us feel like we’re smoking more now and enjoying it less. Well, guess what: While the Dow Jones Industrials have been edging past 14,000, the actual value of those stocks...
  • Dow hits 14,000 for 1st time since October 2007

    02/01/2013 12:10:36 PM PST · by SeekAndFind · 19 replies
    Yahoo Finance ^ | 02/01/2013 | Christina Rexrode
    NEW YORK -- The Dow stock market index flirted with the 14,000 line Friday, bringing reminders of the last time it hit that mark — almost a different era, before the financial crisis rocked the world economy. Propelled by reports on U.S. jobs and auto sales, the Dow Jones industrial average crossed the line and kept its ground through the early afternoon, after flitting back and forth throughout the morning. The other major stock indexes also rose. "There's a newfound enthusiasm for the equity market," said Jim Russell, regional investment director at U.S. Bank Wealth Management in Minneapolis. But market...
  • ART CASHIN: Veteran Traders Have Noticed A Peculiar Pattern During The Final Hours Of Trading

    01/07/2013 11:59:18 AM PST · by blam · 17 replies
    TBI ^ | 1-7-2013 | Sam Ro
    ART CASHIN: Veteran Traders Have Noticed A Peculiar Pattern During The Final Hours Of Trading Sam RoJan. 7, 2013, 11:11 AM Stocks have started 2013 on a positive note, closing at a five-year high on Friday. So, are people feeling bullish? Art Cashin, UBS Financial Services Director of Floor Operations, is a tad skeptical. He points to some imbalances during end-of-day trading in this morning's "Cashin's Comments": Some On-Close Support For the “New Money” Thesis – As we have noted repeatedly during this New Year’s rally, several of us old fogeys believe most of the fuel for the move...
  • Dow Futures Down 226 After Obama Fiscal Cliff Speech

    12/28/2012 3:27:14 PM PST · by WashingtonSource · 40 replies
    Dow Futures Live ^ | December 28, 2012 6:15 p.m. | Dow Futures Live
    Dow Futures Live As on 28-Dec-2012 18:15:18 EDT 12,777 -226.00 -1.77%
  • Marc Faber Warns Global Stock Markets Will Implode

    11/14/2012 6:11:00 PM PST · by blam · 30 replies
    TMO ^ | 11-14-2012 | Marc Faber
    Marc Faber Warns Global Stock Markets Will Implode Stock-Markets / Financial CrashNov 14, 2012 - 04:09 AM In this "Squawk Box" excerpt, Marc Faber warns investors to prepare for an eventual "'reset" of the global financial system: “The market is going down because corporate profits will begin to disappoint, the global economy will hardly grow next year or even contract, and that is the reason why stocks, from the highs of September of 1,470 on the S&P, will drop at least 20 percent, in my view.” “There will be pain and there will be very substantial pain. The question is...
  • Stock Market Falls Over Fiscal Cliff (Down 312 Yesterday - Down 121 Today)

    11/08/2012 3:18:30 PM PST · by blam · 14 replies
    TMO ^ | 11-8-2012 | PhilStockWorld
    Stock Market Falls Over Fiscal Cliff Stock-Markets / Stock Markets 2012Nov 08, 2012 - 01:37 PM By: PhilStockWorld Down 312 points yesterday. (121 again today) That's a hefty sell-off and we'll see if we get some follow-through but we pretty much hit our downside targets on the head in a single day as I said to Members in yesterday's Morning Alert: About 13,000 on the Dow. 1,400 on S&P, 2,980 on the Nas, 7,950 on NYSE and 800 on the RUT are about the lows we have to hold – all seem like good spots to go long to me...
  • OH NO: The Stock Market Is Tumbling Again, And It's Right On The Infamous 200-Day Moving Average

    11/08/2012 10:54:18 AM PST · by blam · 39 replies
    TBI ^ | 11-8-2012 | Joe Weisenthal
    OH NO: The Stock Market Is Tumbling Again, And It's Right On The Infamous 200-Day Moving Average Joe WeisenthalNovember 8, 2012 Alert! The stock market is falling. And the S&P is now right on its 200-day moving average (the red line in this chart) which some people see as an important "support" level. If we break through it, some people might freak out. From
  • Stocks Are Eerily Following A 1987-ish Path

    10/23/2012 12:44:28 PM PDT · by blam · 13 replies
    TBI ^ | 10-23-2012 | Sam Ro
    Stocks Are Eerily Following A 1987-ish Path Sam RoOctober 23,2012Last Friday was the 25th anniversary of the horrific stock market crash of 1987. While stocks didn't collapse like they did in 1987, the anniversary nevertheless saw an ugly 205 point sell-off in the Dow. And today, the Dow is off 230 points with around 90 minutes left in today's trading session. It's worth noting that the 1987 crash was preceded by a series of huge sell-offs. Today, the folks at Bespoke Investment Group dared to compare the stock market in 1987 to the market this year (see below). The analysts...

    10/23/2012 6:25:28 AM PDT · by blam · 33 replies
    TBI ^ | 10-23-2012 | Joe Weisenthal
    UPDATE: MARKET BLOODBATH GETTING WORSE: Earnings Coming In Ugly Joe WeisenthalOctober 23, 2012 You can get a full roundup of what's happening in markets this morning here, but the basic gist is: Markets tumbling everywhere, lots of weak earnings. First, the markets: Dow futures are off about 130 155, and the major indices are all down a little over 1%. It's ugly in Europe as well. Germany is down 1.4%. Spain is down 1.1%. Italy is down 1%. As for the micro, there are lots of ugly earnings this morning. Dow Component DuPont is down 6% after a big whiff....
  • Goldman Sach's: Fiscal 'Brinksmanship' Will Send Stocks Right Off The Cliff

    10/15/2012 2:15:19 PM PDT · by blam · 1 replies
    TBI ^ | 10-15-2012 | Sam Ro
    Fiscal 'Brinksmanship' Will Send Stocks Right Off The Cliff Sam RoOct. 15, 2012, 3:16 PMGoldman Sachs's equity strategy team led by David Kostin are convinced that the S&P 500 will sink to 1,250 by the end of the year. This is down around 13 percent from current levels. And they blame the 'fiscal cliff.' "We assign a low probability that Congress addresses the ‘fiscal cliff’ in a benign fashion prior to year-end 2012," writes David Kostin in a new note to clients. "The likelihood is perhaps as low as 1 in 3 depending on the election outcome. We expect it...
  • The Market Sell-Off Is Accelerating

    10/10/2012 9:58:26 AM PDT · by blam · 25 replies
    TBI ^ | 10-10-2012 | Sam Ro
    The Market Sell-Off Is Accelerating Sam RoOctober 10, 2012 The stock market sell-off is gaining steam. Last night, aluminum giant Alcoa and engine maker Cummins warned China was slowing more than expected. China's the second largest economy in the world and arguably the world's most important source of growth.
  • One Algorithm Made Up 4% Of All Trading Last Week, And No One Knows Where It Came From

    10/08/2012 2:26:11 PM PDT · by blam · 26 replies
    TBI ^ | 10-8-2012 | Linette Lopez
    One Algorithm Made Up 4% Of All Trading Last Week, And No One Knows Where It Came From Linette LopezOctober 8, 2012 No one knows where it came from, or what it was meant to do, but 4% of all trading in the U.S. stock market last week was executed by one algorithm, CNBC reports. Nanex, a market data firm, told CNBC that the algorithm was placing orders once every 25 milliseconds and then canceling them. The orders went out in bursts of 200, then 400, and then 1,000 orders. Then suddenly, around 10:30 AM on Friday, the algorithm stopped...
  • Doug Kass Isn't Impressed. He Plans On Shorting Stocks

    09/06/2012 1:51:32 PM PDT · by blam · 7 replies
    TBI ^ | 9-6-2012 | Rob Wile
    Doug Kass Isn't Impressed. He Plans On Shorting Stocks Rob WileSep. 6, 2012, 2:12 PM Doug Kass "I plan to sell/short this news for several basic reasons," writes Doug Kass, President of Seabreeze Partners. In a new note published on The Street, Kass writes that he's not very impressed by Mario Draghi's announcement that the ECB would begin unlimited bond-buying program. "Not only is Europe slipping more rapidly into a deeper recession but the implementation of serious and effective longer-term policy responses remains unlikely. Band-Aid policy measures of providing liquidity (which aids the transmission of monetary policy) remain the operative...
  • This Market Looks Like A Buying Panic

    09/06/2012 10:03:30 AM PDT · by blam · 28 replies
    TBI ^ | 9-6-2012 | Julia La Roche
    This Market Looks Like A Buying Panic Julia La RocheSep. 6, 2012, 11:51 AM Stocks surged Thursday morning, with the S&P 500 hitting its highest level since 2008, following a slew of good jobs reports and the European Central Bank press conference led by Mario Draghi. A trader, who prefers anonymity, offers a plausible explanation as to why the market might be rallying. "We've had some data, which superficially appears to show some strength. There are a lot of shorts built into this market heading into ECB and they have been forced to cover on the back of ECB putting...
  • STOCKS STAGE GINORMOUS RALLY: Here's What You Need To Know (+287 - QE-3?)

    06/06/2012 1:16:54 PM PDT · by blam · 17 replies
    TBI ^ | 6-6-2012 | Simone Foxman
    STOCKS STAGE GINORMOUS RALLY: Here's What You Need To Know Simone Foxman June 6, 2012Markets across the world staged a major rally today, and central banks are at the center of the chatter. But first, your scoreboard: Dow: 12,398; +271 pts S&P 500: 1,312; +27 pts NASDAQ: 2,841; +63 pts Now for the day's top stories: * Markets began rallying in the pre-market after WSJ's star Federal Reserve reporter John Hilsenrath wrote last night that euro woes, disappointing economic data, and strains in financial markets "have prompted a shift at the Federal Reserve, putting back on the table the possibility...
  • Dow erases 2012 gains after 'terrible' jobs report

    06/01/2012 8:56:04 AM PDT · by Signalman · 10 replies
    CNNMoney ^ | 6/1/2012 | CNNMoney Staff
    NEW YORK (CNNMoney) -- U.S. stocks sank more than 1.6% at Friday's open, with the Dow erasing all its gains for the year and the 10-year yield on U.S. Treasuries hitting another record low, after a U.S. jobs report fell far short of expectations. The jobs report showed only 69,000 jobs added to payrolls, less than half the 150,000 jobs forecast by economists surveyed by CNNMoney. The unemployment rate ticked higher for the first time in a year, rising to 8.2%. "The U.S. employment report was simply terrible," said Marc Chandler, global head of currency strategy at Brown Brothers Harriman....
  • Dow, Nasdaq: Worst month in two years

    05/31/2012 2:10:55 PM PDT · by Signalman · 7 replies
    CNNMoney ^ | 5/31/2012 | Hibah Yousuf
    NEW YORK (CNNMoney) -- U.S. stocks finished in the red Thursday, ending a wretched month on a weak note. "May is always a difficult month for the market, and this month has lived up to that reputation," said Fred Dickson, chief market strategist at D.A. Davidson, noting that the market has suffered declines in May for three out of the last four years. This month's weakness was by sparked escalating concerns about the eurozone debt crisis, with Spain and Greece keeping contagion worries front and center, as well as fears about a slowing U.S. economy. CNNMoney's Fear & Greed Index,...
  • Stocks tossed in European economic storm (DJIA down 164)

    05/30/2012 9:43:27 AM PDT · by Signalman · 7 replies
    CNNMoney ^ | 5/30/2012 | Ben Rooney
    NEW YORK (CNNMoney) -- Stocks fell sharply Wednesday as worries about Europe's debt crisis, specifically the Spanish banking system, again shook confidence. Investors flooded into U.S. Treasuries, raising prices and pushing the yield on the benchmark 10-year note down to a record low of 1.63%. Oil prices fell to a 7-month low amid the broad flight from risk assets. The Dow Jones industrial average (INDU) was down 143 points, or 1.1%, in late morning trading. The S&P 500 (SPX) sank 17 points, or 1.2%, and the Nasdaq (COMP) declined 33 points, or 1.2%. Alcoa (AA, Fortune 500), Caterpillar (CAT, Fortune...
  • Richard Russell: Stay In Cash, Something, Something 'BIG' Is Heading Our Way

    05/24/2012 6:20:58 AM PDT · by blam · 34 replies
    TBI ^ | 5-24-2012 | Joe Weisenthal
    Richard Russell: Stay In Cash, Something, Something 'BIG' Is Heading Our Way Joe Weisenthal May 24, 2012, 6:34 AM Bearish newsletter guy Richard Russell finds the market action to be very strange and ominous. As of today's closing, Dow down 14 out of 16 sessions! This is one you can tell your kids about. And still no collapse in breadth, and still no crash. The only thing I can make out of it is that a lot of people are "standing their ground". Maybe it's just the Dow that is dying, and the rest of the market is OK. But...
  • Markets Hammered As Major Stocks Falter

    05/14/2012 7:28:05 AM PDT · by AmonAmarth · 27 replies
    24/7 Wall Street ^ | May 14, 2012 | Douglas A. McIntyre
    The DJIA is off over 100 points, 136 points, to 12,686. The NASDAQ and S&P 500 are off by similar percentages. The carnage is particularly severe in a few sectors. News that JP Morgan (NYSE: JPM) fired its chief investment officer reminded investors of how badly risk is managed at large banks. JPM has taken a $2 billion write-off its London traders took. JPM is down 2.81% to $35.90.Back of America (NYSE: BAC) is down 2% on similar sentiment about risk to $7.39, and Citigroup (NYSE: C) is down 2%. Morgan Stanley (NYSE: MS) is down 3.4%. Its debt will...
  • Stocks tumble after weak jobs report (DJIA down 150 pts.)

    05/04/2012 8:48:58 AM PDT · by Signalman · 16 replies
    CNNMoney ^ | 5/4/2012 | CNNMoney Staff
    NEW YORK (CNNMoney) -- U.S. stocks fell Friday after a government report showed that employers added fewer than expected jobs in April. Dow Jones industrial average (INDU) was down 114 points, or 0.8%, in morning trading. The S&P 500 (SPX) fell 15 points, or 1%, and the Nasdaq (COMP) fell 53 points, or 1.5%. The jobs report showed a net gain of 115,000 jobs, far less than the 160,000 forecast by economists surveyed by CNNMoney. However, upward revisions to the February and March jobs figures and a drop in the unemployment rate to 8.1% may temper some of investors' disappointment...
  • Stocks drop 1% on China, Europe fears (DJIA down 140)

    04/23/2012 9:53:49 AM PDT · by Signalman · 7 replies
    CNNMoney ^ | 4/23/2012 | Maureen Farrell
    NEW YORK (CNNMoney) -- U.S. stocks fell 1% Monday as investors grew concerned about European political uncertainty and another sign of a slowdown in the Chinese economy. France's prime minister Nicolas Sarkozy came in second place in the first round of presidential elections Sunday, and on Monday, Dutch Prime Minister Mark Rutte resigned. That combined with a slowdown in China's manufacturing was enough to unnerve investors at the start of what will be a busy week on the economic and earnings front. "The events over the weekend re-ignited concerns that the European community is going to have trouble working out...
  • Stocks slide on jobs concern

    04/09/2012 8:39:55 AM PDT · by Signalman · 11 replies
    CnnMoney ^ | 4/9/2012 | CNNMoney Staff
    NEW YORK (CNNMoney) -- U.S. stocks sold off Monday as investors reconsidered the outlook for economic growth following a disappointing jobs report last week. In addition, a higher-than-expected reading on inflation in China added to the worries. The Dow Jones industrial average (INDU) was down 147 points, or 1%, in early trading. The S&P 500 (SPX) tumbled 16 points, or 1.2%, and Nasdaq (COMP) slid 32 points, or 1%. On Friday, the Labor Department said the U.S. economy added 120,000 jobs in March, following three straight monthly gains of 200,000 jobs or more, a trend that economists expected would continue....
  • JPMorgan's Tom Lee: One Thing Puzzles Me About This Stock Market Rally

    04/01/2012 10:49:30 PM PDT · by blam · 12 replies
    TBI ^ | 4-2-2012 | Sam Ro
    JPMorgan's Tom Lee: One Thing Puzzles Me About This Stock Market Rally Sam Ro April 1, 2012, 9:44 PM No one has made any money on it! JP Morgan's Tom Lee spoke with Bloomberg's Carol Massar on Friday after the S&P 500 booked its best quarter in 14 years. "Something that's been puzzling about this rally that started in March '09 is that the public hasn't really participated," said Lee. "They pulled $300 billion out of the equity markets over the last three years. And trading volumes have been low, which means the institutions haven't really been participating in this...
  • ROSENBERG & SRI-KUMAR: A Eurozone Endgame Could Spur A 2000-Point Rally In The Dow

    12/01/2011 11:23:15 AM PST · by blam · 9 replies
    TBI ^ | 12-1-2011 | Simone Foxman
    ROSENBERG & SRI-KUMAR: A Eurozone Endgame Could Spur A 2000-Point Rally In The Dow Simone Foxman Dec. 1, 2011, 1:17 PM Gluskin Sheff + Associates' David Rosenberg and TCW's chief strategist Komal Sri-Kumar agreed on Bloomberg TV today that the Dow could see as much as a 2000-point move if somehow EU leaders managed to tackle the solvency issues at the heart of the eurozone crisis at their summit next week. Rosenberg and Sri-Kumar both poo-pooed yesterday's nearly 400-point rally in the Dow after the announcement of coordinated central bank liquidity measures. "When I look back at the historical data...

    11/30/2011 7:08:09 AM PST · by blam · 21 replies
    TBI ^ | 11-30-2011 | Joe Weisenthal
    CHICAGO PMI BEATS EXPECTATIONS: DOW NOW UP 375 Joe Weisenthal Nov. 30, 2011, 9:45 AM The good news keeps rolling in. The Chicago PMI came in at 62.6, well ahead of expectations of 58.5. The Dow is up 380 now. Stocks were already surging thanks to major central bank intervention, as well as a strong ADP number.
  • Stocks get hammered by Italy fears (DJIA down 389 pts.)

    11/09/2011 1:20:59 PM PST · by Signalman · 13 replies
    CNNMoney ^ | 11//9/2011 | Hibuh Yousuf
    NEW YORK (CNNMoney) -- Investors ran for the hills Wednesday, shaken to the core by fears that Italy, Europe's fourth-largest economy, was headed deeper into crisis mode. U.S. stocks sold off sharply right from the open after Italy's 10-year bond yield spiked above 7% -- its highest since the euro was launched in 1999. The 7% figure is a psychological trigger for investors since it was the level that heightened worries about Greece, Ireland and Portugal. All three eventually needed some type of bailout. The selling intensified in the afternoon amid reports that European Union officials said they have no...
  • Dow tumbles 300 points on Greece's curveball

    11/01/2011 9:38:14 AM PDT · by Signalman · 28 replies
    CNNMoney ^ | 11/1/2011 | Hibuh Yousuf
    NEW YORK (CNNMoney) -- U.S. stocks sold off sharply Tuesday after Greece's prime minister called for an unexpected public vote to approve Europe's debt deal. Investors fear the referendum will jeopardize the deal, since it includes austerity cuts that have not been popular with the Greek public. At midday, the Dow Jones industrial average (INDU) was down 302 points, or 2.5%, the S&P 500 (SPX) sank 36 points, or 2.9%, and the Nasdaq (COMP) lost 83 points, or 3.1%. Bank stocks were hit especially hard, with shares of Morgan Stanley (MS, Fortune 500) down more than 9% and Citigroup (C,...

    10/07/2011 2:21:40 PM PDT · by blam · 36 replies
    TBI ^ | 10-7-2011 | Sam Ro
    STOCKS TANK IN FINAL MINUTES OF THE DAY: Here's What You Need To Know Sam Ro Oct. 7, 2011, 4:00 PM More signs that the U.S. economy is not as bad as everyone thought. But, big downgrades in Europe bring us back to reality. First, the scoreboard: Dow: -18 S&P 500: -10 NASDAQ: -27 And now, the top stories: * The highly-anticipated September jobs data came out with a bang. U.S. companies added 103k non-farm payrolls. Economists expected just 60k. The July and August figures were both revised upwards. However, the unemployment rate was unchanged at 9.1%, which wasn't a...
  • REBOUND GONE: Europe Dives Into The Red, US Futures Slip

    09/23/2011 3:51:24 AM PDT · by blam · 24 replies
    TBI ^ | 9=23-2011 | Gus Lubin
    REBOUND GONE: Europe Dives Into The Red, US Futures Slip Gus Lubin Sep. 23, 2011, 6:33 AM So much for the stabilization after Thursday's selloff. European markets have lost early gains, with the FTSE 100, the CAC 40 and the DAX off over 1%. Last night's unexpected G-20 statement pledging to take strong coordinated actions to support Europe apparently was not convincing. Dow futures point to a negative open, losing early gains of nearly 100 points. Here's a chart:
  • You Just Witnessed The Third Biggest Weekly DJIA Drop In History

    09/22/2011 1:10:47 PM PDT · by SeekAndFind · 47 replies
    Zero Hedge ^ | 09/22/2011 | Tyler Durden
    A dearth of knife-catchers and bottom-callers suggests that our views on a broad swathe of investors being caught unhedged and offside by Bernanke's relative inaction was correct. By the look of today's huge selloff, investors will become increasingly aware of our recent post on the difference (risks) between owning stocks and bonds. The equity market remains a market in chaos as the following charts show. We can only assume they must be extremely good at discounting whatever it is that talking-heads believe on a tick-by-tick basis - just look at the flip-flopping in the last two months (and in...