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Keyword: market

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  • S&P down 5% this morning, Dow -500

    08/18/2011 7:12:31 AM PDT · by GreaterSwiss · 85 replies
    DOW 10903.70 -506.51 -4.44% S&P 500 1137.74 -56.15 -4.7%
  • Behind the Selloff: Stocks Are Pricing 'Worst Case Scenario'

    08/18/2011 12:06:39 PM PDT · by OB1kNOb · 31 replies
    Yahoo Finance ^ | 08/18/11 | CNBC
    Fears of a global banking crisis swept across markets, driving stocks sharply lower, Treasury yields to record lows, and gold to record highs. The dramatic reflex to run for safety also propped up the U.S. dollar, which was stronger against a whole group of currencies. The yield on the U.S. 10-year note fell below the psychologically key 2 percent level temporarily, a level it has not seen since possibly the Eisenhower era. The Dow tumbled more than 500 points at the day's lows, and the industrial and commodities stocks that rely on global growth fell the hardest. Like an out-of-control...
  • 34 killed in twin explosions in Iraqi city

    08/15/2011 12:18:43 PM PDT · by Eleutheria5 · 7 replies
    Aol News/AP ^ | 15/8/11 | Sinan Salehedin
    BAGHDAD -Twin explosions ripped through a crowded Iraqi market in a city southeast of Baghdad, killing 34 people and shattering what had been a relatively peaceful holy month of Ramadan. The blasts in Kut, 100 miles (160 kilometers) southeast of Baghdad, went off as construction workers were gathered in a market selling generators and other appliances. Police spokesman Lt. Col. Dhurgam Mohammed Hassan said the first bomb went off in a freezer used to keep drinks cold. Then as rescuers and onlookers gathered, a parked car bomb exploded. The top medical official in the province where Kut is located, Diaa...
  • Dollar to drop on S&P move; safe-haven demand seen

    08/07/2011 3:57:34 AM PDT · by markomalley · 6 replies
    Reuters/Yahoo ^ | 8/7/11 | Saikat Chatterjee
    The U.S. dollar may weaken and Treasury yields rise when Asian markets reopen on Monday, though any selling in response to ratings agency S&P's downgrade of the United States is likely to be tempered by the escalating crisis in the euro zone. The S&P cut in the U.S. long-term credit rating by a notch to AA-plus is an unprecedented blow and results from concerns about the nation's budget deficits and climbing debt burden. It called the outlook "negative," signaling another downgrade is possible in the next 12 to 18 months. "The initial reaction will be a high degree of uncertainty...
  • Apple takes aim at copycat fake retail stores with new lawsuit

    08/05/2011 8:08:54 PM PDT · by Swordmaker · 27 replies
    Apple Insider ^ | August 4, 2011 03:50 PM EST | By Neil Hughes
    After a number of fake Apple retail stores in China gained publicity online, Apple appears to have taken legal action, undoubtedly looking to shut down the counterfeit locations designed to look like its own operations. Apple has gone on the offensive against a number of defendants, including 50 John Does and unnamed businesses, in a new trademark infringement suit. The lawsuit filed in U.S. District Court in the Eastern District of New York remains under a court seal, so the specifics of the complaint are not known. However, one of the defendants in the case is "Apple Story Inc.," matching...
  • Here's The Problem With This Market Crash... (The only thing which will fix our economy)

    08/05/2011 7:52:34 AM PDT · by Notary Sojac · 59 replies
    Business Insider ^ | 4 August 2011 | Henry Blodget
    Well, it's deja vu all over again. But there are also several very important differences between this market crash and the ones a few years ago: The Fed has fired most of its bullets (interest rates are already at zero) Our budget deficit is already out of control, and Congress has had it with "stimulus" The public has had it with bailouts That means the government's ability to do anything about this market crash is severely limited. Yes, we'll almost certainly have a "QE3." And maybe that will prop things up a bit. But it won't fix the fundamental problems...
  • Stayin’ Alive: Dow just misses ’78 losing streak (the rookie Hussein WORSE than Jimmah Carter?)

    08/04/2011 6:56:58 PM PDT · by Libloather · 13 replies
    News Tribune ^ | 8/04/11 | PAUL WISEMAN
    Stayin’ Alive: Dow just misses ’78 losing streakPAUL WISEMAN, AP Economics Writer Thursday, August 4, 2011 Not since the Bee Gees and their “Saturday Night Fever” soundtrack dominated the radio has the Dow Jones industrial average endured a longer losing streak. The Dow blipped up 30 points Wednesday, ending a string of down days at eight. Until the last few minutes of trading, it looked as if stocks might match a nine-day losing streak that ended on Feb. 22, 1978. Weighing on stocks 33 years ago: A stalemate in Congress. A weakening economy. Fears about the global financial system. Sound...
  • Geithner stays and the market tanks

    08/04/2011 12:48:33 PM PDT · by illiac · 4 replies
    MarketWatch ^ | 8/4/11 | MarketWatch
    Of course, that is very unfair to Geithner, but there’s a kernel of truth to it. It’s not simply that the U.S. economy is in danger of falling back into recession (on cue — “we never left it”), or that the euro-zone debt situation threatens to spiral out of control. It’s that there is a lack of confidence globally that these problems can be addressed by policy makers. If there’s anything that the debt-ceiling debate demonstrated, it’s that current politics don’t allow for stimulus, whether that’s new spending the White House prefers or the tax breaks Republicans favor. Even relatively...
  • Android Captures Nearly 50% of Global Smartphone Market

    08/02/2011 2:38:01 PM PDT · by Jeff Chandler · 6 replies
    Mashable ^ | August 2, 2011 | Erica Swallow
    oogle Android captured 48% of the smartphone market in Q2 of 2011, hitting an all-time high, according to a report by market research firm Canalys. The platform has been making big strides during the past year, overtaking Symbian in Q4 of 2010 to become the top smartphone platform, representing a 32.9% market share at that time. Smartphone adoption continues to grow rapidly across the world, reaching a total of 107.7 million units shipped in Q2 of 2011, a 73% year-on-year growth. Android was the biggest driver of smartphone shipments in Q2, as Android-based smartphone shipments were up 379% year-over-year, coming...
  • Market Reaction? 30 Year Just Hit 3.99% As Stock Selloff Accelerates, Gold At All Time Record

    08/02/2011 10:16:45 AM PDT · by Nachum · 18 replies
    zero hedge ^ | 8/2/11 | Tyler Durden
    To see what the market thinks of the economic prospects for the economy look no farther than the 30 Year which just dropped below 4.00% and is trading at 3.99% right now. The market is effectively pricing in a major economic contraction, with long-end deflation now expected. Which means that Bernanke just got yet another carte blanche to proceed with the only thing he know. And validating it is the equity market which at last check not only did not react favorably to the Senate vote, but has been fading all the news all day, and is now trading at...
  • Here Comes 2008 Again

    07/28/2011 9:47:37 PM PDT · by verklaring · 16 replies
    Market Ticker ^ | 7-28-2011 | Karl Denninger
    And we have a Federal Government providing $1,700 billion - 12% of GDP - in false economic demand that does not actually exist! The alarm clock is ringing right now. ... there will be a crash.
  • The US *WILL* Be Downgraded

    07/28/2011 4:15:05 PM PDT · by verklaring · 35 replies
    Market Ticker ^ | 7-28-2011 | Karl Denninger
    The "most-recent" proposals cut anywhere from nothing in actual spending (Democrat proposal) for 2012 to $90 billion (Republican.) And neither contains any actual cuts on a forward basis - the Republicans are at least honest about it and say they just "hold discretionary non-defense spending at 2011 levels." That's not a cut in spending.
  • Cuba to lift ban on home and auto sales

    07/02/2011 3:24:01 PM PDT · by TigerLikesRooster · 25 replies
    NHK ^ | 07/03/11
    Cuba to lift ban on home and auto sales In a move aimed at jump-starting its economy, Cuba says it intends to lift a ban on sales and purchases of homes and cars as early as the end of this year. The Cuban Communist Party newspaper Granma reported the new policy on Friday. The Caribbean socialist country has basically banned sales and purchases of homes and vehicles since the 1959 revolution. Currently, Cubans are allowed to own one dwelling per person. Under the new policy, they will be allowed to sell the building. The newspaper says that a ban on...
  • Opinion Journal: A Market Message for Obama (video)

    06/01/2011 2:04:09 PM PDT · by Signalman
    Wall Street Journal ^ | 6/1/2011 | WSJ
    On the Trail Columnist John Fund analyzes the impact of today's downbeat economic news on the President's re-election chances(Video at link).
  • Deepening Crisis: Inflation, Rising Interest Rates, Surge In The Price Of Gold And Silver

    04/24/2011 8:40:02 PM PDT · by blam · 32 replies
    TMO ^ | 4-24-2011 | Bob Chapman
    Deepening Economic Crisis: Inflation, Rising Interest Rates, Surge In The Price Of Gold And Silver Economics / Inflation Apr 24, 2011 - 12:43 PM By: Bob Chapman Economic recovery does not seem to be taking effect in spite of more massive expenditures by Congress and the Fed. The IMF says financial stability has improved, but then again their vision is almost always clouded. US tax revenues are not increasing in a meaningful way, manufacturing struggles to expand and Wall Street flourishes in a cascade of mega salaries and bonuses. In another six months the US will be three years what...
  • End of Fed Easing Will Create Summer 'Swoon': Wien

    04/13/2011 7:22:58 AM PDT · by TigerLikesRooster · 9 replies
    CNBC ^ | 04/13/11 | Jeff Cox
    End of Fed Easing Will Create Summer 'Swoon': Wien Published: Wednesday, 13 Apr 2011 | 9:39 AM ET By: Jeff Cox CNBC.com Staff Writer Stocks could face a rough summer after the Federal Reserve ends its multi-trillion-dollar easing program in June, investment pro Byron Wien told CNBC. Though he is sticking with an otherwise-bullish forecast for the year, Wien said the June expiration of the central bank's Treasury-buying program—often referred to as quantitative easing—likely will trigger a rough patch. "It's hard for me to assess how much of the big move in stocks since the end of last summer was...
  • Treasury Market Braces for Higher Interest Rates

    04/03/2011 5:57:12 PM PDT · by Nachum · 13 replies
    Wall Street Journal ^ | 4/3/11 | Cynthia Lin
    NEW YORK—While Federal Reserve officials openly feud over the right time to begin tightening monetary policy, Treasury investors are starting to lean with the hawks. U.S. Treasurys last week endured their longest losing streak in more than two decades—nine consecutive days—and ended the worst quarter since late 2009 as U.S. government bondholders brace for the end of "quantitative easing" and a sooner-than-expected interest-rate increase. The yield on the two-year note, which is traditionally the most sensitive to shifting monetary-policy outlooks, touched 0.901% on Friday, the highest level since May 10, before trading at 0.805% late in the day.
  • Why is Barnes and Noble Stock going up?

    03/28/2011 10:18:21 AM PDT · by MeneMeneTekelUpharsin · 42 replies
    28 March 2011 | Mene Mene Tekel Upharsin
    Wonder why Barnes and Noble (BKS) stock is going up. It sure fell a long ways earlier this year. So, why would it suddenly go up without any news? Man, the stock market is crazy.
  • Glenn Beck reveals the Left’s Economic Terrorism Playbook: THE CHASE CAMPAIGN

    03/22/2011 8:44:34 AM PDT · by patriotgal1787 · 70 replies
    The Radio Patriot ^ | Mar. 22, 2011 | Andrea Shea King
    . . . . .NOTE:  This post will be constantly updated with more details throughout the Glenn Beck radio program.  Glenn has announced that copies of this have been delivered to JP Morgan Chase, the FBI, and the Justice Department.[youtube=http://www.youtube.com/watch?v=RvlvejSxBVQ&feature=player_embedded] "Steven Lerner, reported to have visited the White House on at least four separate occasions, formerly of SEIU and the architect of the SEIU's groundbreaking Justice for Janitors campaign.  He led the union's banking and finance campaign and has partnered with unions and groups in Europe, South American and elsewhere in campaigns to hold financial institutions accountable. As director of...
  • Former SEIU Official Reveals Secret Plan To Destroy JP Morgan, Crash

    03/22/2011 9:21:01 AM PDT · by driftdiver · 42 replies
    Business Insider ^ | March 22, 2011 | Henry Blodget
    FULL Title - Former SEIU Official Reveals Secret Plan To Destroy JP Morgan, Crash The Stock Market, And Redistribute Wealth In America A former official of one of the country's most-powerful unions, SEIU, is detailing a secret plan to "destabilize" the country. Specifically, the plan seeks to destroy JP Morgan, nuke the stock market, and weaken Wall Street's grip on power, thus creating the conditions necessary for a redistribution of wealth and a change in government. The former SEIU official, Stephen Lerner, spoke in a closed session at a Pace University forum last weekend.
  • Market Robbery Shootout Unfolds On Camera(TN)

    03/19/2011 7:56:05 AM PDT · by marktwain · 14 replies
    wsmv.com ^ | 16 March, 2011 | Deanna Lambert
    A night on the job for two downtown gas station workers became violent when two men walked in, guns in hand. A wild shootout unfolded on camera, inside the very close quarters of the Lewis Street Market in Nashville. No one was shot, but you'll be amazed that it didn't end in tragedy. On Wednesday, store owner Kamil Alakabi described what happened. “I was right here when I grabbed my gun. They stayed on the other side, and I shot them on this side,” said Alakabi. What Alakabi is talking about can be seen in the surveillance video captured from...
  • Sign of a Market Top: World's Largest Commodities Trader Close to Massive IPO

    03/03/2011 11:43:49 AM PST · by FromLori · 4 replies
    Economic Policy Journal ^ | 3/3/2011 | Robert Wenzel
    The world’s largest commodities trading firm, Glencore International, which was founded by Marc Rich (He is no longer affiliated), is considering a massive IPO. CNBC's Kate Kelly is reporting that Glencore is signaling to bankers that it expects to issue at least $7 billion in stock as part of an initial public offering to launch as early as April. Glencore is a heavy trader in oil, gas, wheat, corn, aluminum, nickel, and just about every other raw commodity you can think of. These guys are as shrewd as you can get. If they want to go public at this point,...
  • Free Trade, Made in America, I need help VANITY

    02/21/2011 12:23:56 PM PST · by JDW11235 · 20 replies
    Myself | 02/21/2011 | JDW11235
    Hey Freepers, On the subject of free trade, unions and patriotism. Earlier this morning I was thinking about the goings on in Wisconsin, and about a purchase I wanted to make later today, and I started thinking. All my life I have been told to buy things "Made in America." I have done so as much as was possible, and buy locally, if I can, but I was recently thinking about the union goings on in Wisconsin. I have been spending money on "American" tools, vehicles, clothing, foods, etc. as much as I can find, but I recently have though,...
  • Here's The Entire Global Property Market In One Gigantic Chart (Comemrcial Property)

    02/17/2011 9:30:58 AM PST · by SeekAndFind · 9 replies
    Business Insider ^ | 02/17/2011 | Joe Weisenthal
    From Morgan Stanley, a look at momentum in the commercial property market. Property Market Momentum Snapshot
  • Cattle Fed Byproducts Of Ethanol Production Harbor Dangerous E. Coli Bacteria

    02/10/2011 2:43:13 AM PST · by ExxonPatrolUs · 32 replies
    Science Daily ^ | Dec. 12, 2007 | Staff Writer
    Byproducts of ethanol production are fed to animals and ultimate pose a health risk to people. The government ignores it. Producing and burning Ethanol releases A LOT of carbon dioxide. The government ignores it. Cattle Fed Byproducts Of Ethanol Production Harbor Dangerous E. Coli Bacteria http://www.sciencedaily.com/releases/2007/12/071204091851.htm“But recent research at Kansas State University has found that cattle fed distiller's grain have an increased prevalence of E. coli 0157 in their hindgut. This particular type of E. coli is present in healthy cattle but poses a health risk to humans, who can acquire it through undercooked meat, raw dairy products and produce...
  • Bernanke: QE2 has helped improve the stock market

    01/15/2011 2:49:38 PM PST · by FromLori · 81 replies
    Market Watch ^ | 1/13/2011 | Ronald D. Orol
    Federal Reserve Board Chairman Ben Bernanke said Thursday that a controversial $600 billion bond buying plan has contributed to a stronger stock market. "Our policies have contributed to a stronger stock market just as they did in March 2009 when we did the first iteration of this program," Bernanke said at a Federal Deposit Insurance Corp. forum on small businesses. "A stronger economy helps small businesses more than larger businesses. Interest rates are higher but that's mostly because the news is better. It has responded to a stronger economy and better expectations." The $600 billion bond buying plan follows a...
  • China's skyscraper boom buoys global industry

    12/05/2010 10:21:50 AM PST · by Hotlanta Mike · 12 replies
    Associated Press ^ | December 5, 2010 | JOE McDONALD
    BEIJING – The 121-story Shanghai Tower is more than China's next record-setting building: It's an economic lifeline for the elite club of skyscraper builders. Financial gloom has derailed plans for new towers in Chicago, Moscow, Dubai and other cities. But in China, work on the 2,074-foot (632-meter) Shanghai Tower, due to be completed in 2014, and dozens of other tall buildings is rushing ahead, powered by a buoyant economy and providing a steady stream of work to architects and engineers. The U.S. high-rise market is "pretty much dead," said Dan Winey, a managing director for Gensler, the Shanghai Tower's San...
  • Owner of closed South End food market blames customers (and writes them a letter)

    11/12/2010 9:16:07 AM PST · by tlb · 79 replies
    Boston Herald ^ | November 12, 2010 | Jessica Van Sack
    The manager of Don Otto’s - a recently shuttered food market in the South End - is blaming neighborhood patrons for its untimely demise, cooking up an angry message to fair-weather fans of the Tremont Street eatery. “Don Otto’s Market wants to say we had few customers that understood customer loyalty and its importance to our business,” a message on its Web site reads, later adding: “If you came in only for baguettes, the occasional piece of cheese, the occasional dinner . . . you can not tell yourself you were a supporter of our market.” The scalding remonstrance was...
  • Insider Selling Hits All Time Record Of $4.5 Billion In Prior Everyone Is Getting Out Of Market

    11/11/2010 7:23:10 AM PST · by FromLori · 19 replies
    ZeroHedge ^ | 11/11/10 | Tyler Durden
    Insiders have officially marked the top of the stock market: last week's insider selling of all stocks (not just S&P) hit an all time record of $4.5 billion. This is the biggest weekly number ever recorded by tracking company InsiderScore.com: as Sentiment Trader highlights no other week before had more than $2 billion in net selling. Furthermore, selling in just S&P companies hit a whopping $2.8 billion: over 4 times more than the week prior! As such the ratio of insider selling to buying is now meaningless. Even Bloomberg, which traditionally just posts the data without providing commentary to it,...
  • GOP triumph? Stocks are waiting for the Fed ($500B to be printed)

    11/03/2010 7:56:53 AM PDT · by TSgt · 12 replies
    money.cnn.com ^ | November 3, 2010: 9:43 AM ET | CNNMoney.com staff
    NEW YORK (CNNMoney.com) -- U.S. stock markets posted slight gains at the start of a busy Wednesday, after a big Republican victory in the midterm election and ahead of a key Federal Reserve meeting. The Dow Jones industrial average (INDU) added 26 points, or 0.2%, and the S&P 500 (SPX) gained 2 points, or 0.2%. The tech-heavy Nasdaq (COMP) rose 2 points, or 0.1%. Stocks closed higher Tuesday after interest rate hikes from the central banks of Australia and India sparked an early rally. But the market traded in a narrow range for most of the day as investors remained...
  • 'Shocking' corn prices: the other rising gold market

    10/13/2010 9:48:06 AM PDT · by Nachum · 26 replies
    cs monitor ^ | 10/13/10 | Joshua M. Brown
    While gold bullion reaches record prices, golden corn demands its share of attention. Food prices have skyrocketed worldwide, and will soon hit consumers at grocery stores and restaurants. Keep obsessing over gold, but the real explosion is happening in the agricultural commodity complex. Food prices around the world are exploding. Farmer Brown has been discussing the Agflation theme here since the summer. It's happening... Where Did The Corn Go? (Daily Markets): “Shocking!” That is the term used by some grain traders just after the release of the USDA’s yield estimate for this year’s U.S. Corn crop. The USDA projected 155.8...
  • Is the Fed Pumping Up the Market? (YES! To make Obama look good)

    09/29/2010 7:53:03 PM PDT · by nmh · 25 replies
    Rush Limbaugh ^ | September 28, 2010 | Rush Limbaugh
    ... RUSH: Yes. The Federal Reserve is providing money for banks and others to buy stock, yes. CALLER: Okay. First of all, are you sure of that information? RUSH: ... A bunch of others are saying it, as well as the fact that it's not your average, ordinary Joe buying stocks. It's the fed propping it up plus the people who are buying stocks are excited about the possibility that the Democrats are not going to be running Congress soon. CALLER: Okay. Second of all, could you possibly give me the Web address so that I can check this out...
  • Pension Shell Games Threaten Market (Papered over irresponsible promises? Investors will flee)

    09/24/2010 9:37:43 PM PDT · by Libloather · 2 replies
    9/22/10
    Link only - Pension Shell Games Threaten Market
  • My Spirit IS The Fruit ! Let Me Flow ~ ~ ~

    09/16/2010 5:01:22 PM PDT · by Jedediah · 21 replies · 1+ views
    My Spirit IS The Fruit ! Let Me Flow ~ ~ ~ Do you see my children I have come to bring you my love ; In Correction , Guidance , Promises , Blessings and more but in all these things I bring , as I look down upon some I see a talent hidden or buried not bearing fruit ?! So let My spirit as your eternal gift move and flow Freely for it is The Fruit I Bear through you my children ~ ~ ~ So Do My will and do not fear the enemy for I AM...
  • RUSSIA: Suicide Car Bomb at City's Central Market Kills at Least 17, Wounds 133 in Northern Caucasus

    09/09/2010 6:02:06 PM PDT · by Cindy · 15 replies · 1+ views
    (AP) via JIHAD WATCH.org ^ | September 9, 2010
    "Russia: Suicide car bomb at city's central market kills at least 17, wounds 133 in northern Caucasus" SNIPPET: "The attacker detonated his explosives as he drove by the main entrance to the Vladikavkaz market, according to the Emergency Situations Ministry." SNIPPET: "The market and its surrounding blocks has been the target of several bomb attacks over the past dozen years, in which scores of people have died."
  • In sour U.S. job market, military recruitment thriving

    09/06/2010 5:02:28 PM PDT · by Nachum · 16 replies
    Dallas Morning News ^ | 9/6/10 | Scott Farwell
    Young lovers Chris White and Beatrice Mahoney sat down and did the math. He's 20, she's 19. They've been together three years. Neither has a career, and the national unemployment rate is 9.5 percent. Here's what they came up with – the Marine Corps.(Snip)But Gilroy said Army researchers discovered something surprising when they polled new recruits about their reasons for enlisting – "service to country" was the No. 1 response.
  • Should leftists be allowed to participate in the stock market, drive cars, order food, exhale?

    08/29/2010 10:21:48 PM PDT · by Libloather · 15 replies
    8/29/10 | Me
    I've been watching the complete, outrageous, compounding BITCHING from the have not leftists (which will never end) - about the haves (who maybe unemployed due to Hussein), but that doesn't matter right now. Should the 'earth-first' idiots be allowed to impose their religion on the rest of the planet? How about the large folks, like Moochelle, who wish to have some ice cream. Does Hussein know best yet let her gain a few hundred pounds? Hussein-care, where if you aren't exempt, you're pretty much dead. Lead-free ammo? Nice touch. THAT'S gonna go over well. 401k investments shock the Commies? Come...
  • Sukhoi scores sales success as aviation rebounds from crisis

    08/19/2010 5:59:35 PM PDT · by GWConservative · 2 replies
    BSR Russia ^ | 07 / 25 / 2010 | John Bonar
    Aviation has rebounded from the economic crisis and the proof is in the US$ 47bn of orders signed at last week's biannual Farnborough International Airshow. While the 2008 Farnborough air show held before the start of the global economic recession saw a total of $89 billion worth of deals signed, aviation and aerospace executives were pleased with the resounding rebound. Of the total sales at the 2010 show over 20% - about US$ 10bn were inked by Russian companies and the biggest smiles were around the Sukhoi stand as its Civil Aircraft division proved the international appeal of the Sukhoi...
  • Milton Friedman Would Have Been 98 Today...

    07/31/2010 3:42:19 PM PDT · by ObamacareFail · 6 replies
    So the question is, aside from Rush Limbaugh and a few other talk show hosts, where are the people defending freedom to the masses the way in which Milton Friedman was able to do it? If you would like to see Milton Friedman in action, Click Here
  • US STOCKS SNAPSHOT-Wall St slips after Bernanke testimony

    07/21/2010 11:24:11 AM PDT · by b4its2late · 30 replies
    Reuters ^ | Wed Jul 21, 2010 2:13pm EDT | Reuters
    NEW YORK July 21 (Reuters) - U.S. stocks fell further on Wednesday after Federal Reserve Chairman Ben Bernanke expressed concernes about the U.S. economy, saying it faces "unusually uncertain" prospects. The Dow Jones industrial average .DJI fell 36.55 points, or 0.36 percent, to 10,193.41.
  • The October Surprise Is Coming

    07/13/2010 1:43:30 AM PDT · by Scanian · 61 replies · 1+ views
    The American Thinker ^ | July 13, 2010 | Pamela Geller
    The October Surprise. We all know it's coming. In what shape, idea, form -- who's to say? Evil always surprises. Its goals are constant, the ultimate objective never changes, but inevitably it manifests itself as the savior of the day, the savior of man. The 2008 Democrat October Surprise that ushered in the first hardcore radical post-American president in American history was the "economic collapse." Oh yes, that was a beaut. The time before that, the moochers and the looters tried to fake Bush documents -- except that the conservative blogosphere caught them red-handed, so they missed their mark. But...
  • CNBC Guest Says Absent Plunge Protection Team Stepping In, Market Would Fall; Wien, Kernan Disgusted

    07/08/2010 8:51:43 AM PDT · by TigerLikesRooster · 88 replies · 2+ views
    Zero Hedge ^ | 07/08/10 | Tyler Durden
    CNBC Guest Says Absent Plunge Protection Team Stepping In, Market Would Fall; Wien, Kernan Disgusted Submitted by Tyler Durden on 07/08/2010 08:44 -0500 A highly amusing exchange occurred earlier on CNBC when guest Damon Vickers of Nine Points Capital had an unexpected moment of truthiness and turned some heads when he said that "unless the plunge protection team comes in over the next couple of days, the markets are looking very dicey here." When a disgusted Joe Kernan asks if Vickers was making a joke about the PPT, the response is "absolutely not - it's common knowledge that the government...
  • What’s Next For Gold?

    07/05/2010 7:57:28 AM PDT · by Errant · 29 replies
    Market Oracle ^ | 5 July, 2010 | Howard Katz
    This past week was a scary time for gold bugs. But do not be afraid. I am going to look into the future and tell you what is next in the gold market. Last week we studied the art of speculation and concluded that speculation was a zero-sum game. For every dollar gained, there is a dollar lost. It is like the neighborhood poker game. At the end of the evening, the players as a group have the exact same amount of money they had at the beginning. However, this is not true of each individual player. The smarter players,...
  • A Market Forecast That Says ‘Take Cover’

    07/04/2010 6:47:40 PM PDT · by HearMe · 34 replies · 2+ views
    N Y Times ^ | 7/4/2010 | Jeff Sommer
    A Market Forecast That Says ‘Take Cover’ WITH the stock market lurching again, plenty of investors are nervous, and some are downright bearish. Then there’s Robert Prechter, the market forecaster and social theorist, who is in another league entirely. Prechter is convinced that we have entered a market decline of staggering proportions — perhaps the biggest of the last 300 years. ...... Originating in the writings of Ralph Nelson Elliott, an obscure accountant who found repetitive patterns, or “fractals,” in the stock market of the 1930s and ’40s, the theory suggests that an epic downswing is under way, Mr. Prechter...
  • Dem Congressman: Dow Jones Will Plummet 1,000-2,000 if Financial Regulation Isn't Passed (Video)

    06/29/2010 1:48:33 PM PDT · by Rufus2007 · 54 replies · 1+ views
    businessandmedia.org ^ | June 29, 2010 | Jeff Poor
    Today’s plunge in the U.S. financial markets is a cause of concern for a lot of people – but according to Rep. Paul Kanjorski, D-Pa., we haven’t seen anything yet if congressional Democrats don’t get their way. Kanjorski was asked if by CNBC’s “Power Lunch” co-host Tyler Mathisen if financial regulation relied too much on regulators themselves and not the power of law, which Congress has the authority to enact. Kanjorski said he would have preferred a tougher bill. However, call it political expediency, especially as financial regulation legislation has an uncertain fate, but Kanjorski warned if Congress didn’t pass...
  • Why Canada's Housing Market Didn't Crash

    06/30/2010 11:55:18 AM PDT · by Nachum · 24 replies
    cnbc.com ^ | 6/30/10 | Diana Olick
    They saw a housing boom, they saw a recession, and yet the Canadian housing market is still cooking with gas. Why? Fundamental differences in Canadian banking, borrowing and home buying. I spent the day in Toronto a few weeks ago and was really interested to see how a few miles can span such a huge difference in collective attitude.
  • "Extreme Measures" draws attention to how health care in improved

    06/28/2010 12:42:45 PM PDT · by Patriot1259 · 2 replies
    TheCypressTimes.com ^ | 06/28/2010 | Kevin Price
    Recently my wife talked me into watching a little movie entitled "Extraordinary Measures," staring Brendan Fraser and Harrison Ford. The film had "made for TV" written all over, although the story is engaging and the lessons learned, significant. Fraser stars as a desperate father with two seriously ill children fighting for their lives. Ford plays a research scientist poised to make a significant discovery in the treatment of a terrible disease. It is inspired by a true story. The children in the story suffer from Pompe's disease, which, according to the film, those who get it as a child usually...
  • Cramer - Why Obama Is Bad for Stocks

    06/26/2010 6:38:42 AM PDT · by safetysign · 28 replies
    TheStreet.com ^ | 06/24/2010 | Jim Cramer
    I heard it five times this week, twice Tuesday in a Wall Street bar, two times during the day chatting with investors and then last night at dinner with a pal, an old pro trader from down the block. All said the same word, as if programmed, like pod people in Invasion of the Body Snatchers. The word? Malaise.
  • Remarks by President Obama and President Medvedev of Russia at the U.S.-Russia Business Summit

    06/25/2010 3:42:17 AM PDT · by Cindy · 19 replies
    Whitehouse.gov ^ | June 24, 2010 | n/a
    NOTE The following text is a quote: www.whitehouse.gov/the-press-office/remarks-president-obama-and-president-medvedev-russia-us-russia-business-summit Home • Briefing Room • Speeches & Remarks The White House Office of the Press Secretary For Immediate Release June 24, 2010 Remarks by President Obama and President Medvedev of Russia at the U.S.-Russia Business Summit U.S. Chamber of Commerce, Washington, D.C. 3:08 P.M. EDT PRESIDENT OBAMA: Well, good afternoon, everybody. It is a pleasure to be here with my friend and partner, President Medvedev, and I want to thank him again for his leadership, especially his vision for an innovative Russia that’s modernizing its economy, including deeper economic ties between our...
  • US Stocks Turn Lower After Merkel's Comments; DJIA Off 27 (Closed 9,899.25)

    06/09/2010 2:02:19 PM PDT · by markomalley · 8 replies · 49+ views
    Market Watch ^ | 6/9/2010
    NEW YORK (MarketWatch) -- A rally in U.S. stocks fizzled out late Wednesday after German Chancellor Angela Merkel said the time has come to withdraw stimulus. The Dow Jones Industrial Average was down 29 points, or 0.3%, to 9910, falling below the psychologically important 10000 level. The measure spent much of Wednesday's session above that level. But it pared some gains after the release of the Federal Reserve's "beige book" report and then quickly fell through 10000 as Merkel defended Germany's EUR80 billion austerity package for the next four years, saying Wednesday that the time to withdraw government stimulus has...