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Keyword: stockmarket

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  • Here’s what Wall Street isn’t telling you about this stock market

    09/30/2015 6:38:45 AM PDT · by SkyPilot · 16 replies
    Market Watch ^ | 30 Sep 15 | Barbara Kollmeyer
    Welcome to the worst day of the year for investors, though you wouldn’t know it by looking at stock futures this morning. Thank the portfolio window-dressers or bouncy dead cats, but the market looks set to fly. Anyway, that gloomy prognosis for the day fits nicely with the disastrous end to the quarter we’re headed for, set to finish with 8% to 9% losses for the big U.S. indexes. The quarter has delivered the biggest point declines for the Dow industrials DJIA, +1.41% and the Nasdaq Composite COMP, +1.82% since the end of 2008, and the biggest for the...
  • Danger Ahead A Message from Carl Icahn

    09/29/2015 10:54:20 AM PDT · by SoFloFreeper · 10 replies
    Carl ^ | 9/29/15 | Carl Icahn
    Current Views & News
  • UBS Is About To Blow The Cover On A Massive Gold-Rigging Scandal

    09/28/2015 5:06:30 PM PDT · by SkyPilot · 64 replies
    Zero Hedge ^ | 28 Sep 15 | Tyler Durden
    With countless settlements documenting the rigging of every single asset class, it was only a matter of time before the regulators - some 10 years behind the curve as usual - finally cracked down on gold manipulation as well, even though as we have shown in the past, central banks in general and the Fed in particular are among the biggest gold manipulators. That said, we are confident by now nobody will be surprised that there was manipulation going on in the gold casino. In fact, ever since Germany's Bafin launched a probe into Deutsche Bank for gold and silver...
  • Volkswagen is crashing hard after Audi got dragged into the emissions scandal

    09/28/2015 8:55:52 AM PDT · by SeekAndFind · 93 replies
    Business Insider ^ | 09/28/2015 | Oscar Williams-Grut
    The weekend break has not helped Volkswagen.Shares in the troubled German carmaker are crashing again, down 8.5% at 12.50 a.m. BST (7.50 a.m. ET).Google FinanceVolkswagen shares have been diving since it emerged that software in the company's cars was juicing the numbers on diesel emissions.On Monday, news broke that the scandal was even worse than first thought — over 2 million Audi cars are fitted with the same emissions-cheating software as Volkswagen's cars. Audi is owned by Volkswagen and produces higher-end cars.Bloomberg is also reporting that Volkswagen executives in Germany were directly involved in the faking of emissions, and former...
  • The Stock Markets of the 10 Largest Global Economies Are All Crashing (And the media is silent)

    09/28/2015 6:25:25 AM PDT · by xzins · 55 replies
    Charisma News ^ | 28 Sep 15 | MICHAEL SNYDER
    You would think that the simultaneous crashing of all of the largest stock markets around the world would be very big news. But so far, mainstream media in the United States are treating it like it isn't really a big deal.Over the last 60 days, we have witnessed the most significant global stock market decline since fall 2008, and yet most people still seem to think that this is just a temporary "bump in the road" and that the bull market will soon resume. Hopefully they are right.When the Dow Jones Industrial Average plummeted 777 points on Sept. 29, 2008,...
  • The most important driver of stock prices is finally rolling over [NO MORE EARNINGS GROWTH]

    09/24/2015 3:58:36 AM PDT · by expat_panama · 39 replies
    Business Insider ^ | Sep. 22, 2015 | Sam Ro
    The most important driver of stock prices is earnings. "Earnings hold the key," Barclays' Ian Scott writes. "The key to the outlook for global equities is earnings, with global valuations in line with historical averages, a supportive monetary policy backdrop, and very bearish sentiment, a major hit to [earnings per share] is the main risk for the market," Scott argued in a new note to clients. In the US, corporate earnings growth has been slowing for months. "It's amazing how forgiving the general commentary has been on profits and even the broad economy," Deutsche Bank's David Bianco said in an...
  • Dow slips 200 points as CAT falls 7%, Nasdaq negative for 2015 (Slip below 16,000 today?)

    09/24/2015 7:15:40 AM PDT · by xzins · 19 replies
    CNBC ^ | 24 Sep 15 | Evelyn Cheng
    U.S. stocks fell more than 1 percent, pressured by declines in global markets, as investors awaited a post-close speech from Fed Chair Yellen. U.S. stocks traded more than 1 percent lower Thursday, pressured by declines in global markets, as investors awaited a post-close speech from Fed Chair Janet Yellen. The Dow Jones industrial average fell more than 200 points in the open. Caterpillar (NYSE: CAT) was the greatest weight on the index, briefly declining more than 7 percent on news the firm will cut up to 5,000 jobs and lowered guidance . The Nasdaq composite fell more than one percent,...
  • The Market Just Completed An Epic Round-Trip

    09/23/2015 6:06:59 AM PDT · by blam · 3 replies
    BI ^ | 9-23-2015 | Akin Oyedele and Sam Ro
    Akin Oyedele and Sam RoSeotember 23, 2015 US stock futures got crushed overnight after some ugly economic data out of China. But they have since recovered those losses and then some. Dow futures are up by around 30 points, which is around 200 points better than the night's lows. US stocks closed lower on Tuesday, with the Dow dropping 179 points, or 1%. Since Tuesday's US market close, we got a slew of economic data that painted a mixed picture of the world economy. * China's manufacturing slump is intensifying. The preliminary Caixin-Markit flash purchasing manufacturer's index (PMI) fell to...
  • Markets Are Getting Slammed

    09/22/2015 6:40:41 AM PDT · by blam · 9 replies
    BI ^ | 9-22-2015 | Sam Ro and Myles Udland
    Sam Ro and Myles UdlandSeptember 22, 2015 Markets around the world are getting slammed. Dow futures are down as much as 240, S&P futures are down 30, and Nasdaq futures are down 80. This brings losses for each of the major US indexes to more than 1.4%. In Europe, Britain's FTSE, Germany's DAX, France's CAC 40, and Spain's IBEX are all down by more than 2%. The biggest news for the second day in a row is Volkswagen, which is slowly rolling out information regarding software designed to give its diesel cars false emissions data. On Tuesday, the company said...
  • Asian shares slump on global growth concerns, U.S. selloff

    09/20/2015 8:28:42 PM PDT · by BenLurkin · 1 replies
    reuters ^ | Sun Sep 20, 2015 10:55pm EDT | Nichola Saminather
    It looks like a continuation of the growth worries that have hampered markets for the last few months now," said Shane Oliver, head of investment strategy at AMP Capital in Sydney. "European and U.S. shares had sharp falls, after initially benign reactions to the Fed, and this is now flowing through to Asian markets today," he said. U.S. shares dropped more than 1.3 percent on Friday, after Fed Chair Janet Yellen said on Thursday that the global economic outlook appeared less certain. U.S. and European debt yields also tumbled, with the policy-sensitive two-year yield US2YT=RR falling to 0.678 after hitting...
  • Markets Are Selling Off In Asia

    09/20/2015 11:10:38 PM PDT · by blam · 8 replies
    BI - Reuters ^ | 12-21-2015 | Nichola Saminather
    Nichola SaminatherSeptember 21, 2015SINGAPORE (Reuters) - Asian shares followed Wall Street lower on Monday after the Federal Reserve's decision to keep interest rates at record lows raised fresh concerns about growth globally, particularly in China. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1 percent, with Australia down 2.3 percent and South Korea off 1.4 percent. Japan was closed for a long holiday. U.S. shares dropped more than 1.3 percent on Friday, after Fed Chair Janet Yellen said on Thursday that the global economic outlook appeared less certain. "The monetary-policy-watcher world has now turned decidedly bearish after last Friday’s...
  • Are You Better Off Financially Than the Average American?

    09/21/2015 3:58:42 AM PDT · by expat_panama · 53 replies
    Motley Fool ^ | Sep 20, 2015 | Todd Campbell
    Comparing net worth, income, debt and retirement nest eggs for the typical American. Is your network higher or lower than people of a similar age? How does your pay compare with others? Do you have more debt than the average Joe or Jane? Do you have more or less money set aside for retirement than your neighbors? Knowing how you stack up financially to your peers can offer up insight that allows you to make changes that can secure your financial future, so let's take a closer look at how you stack up against the average American.Net worth varies widelyLast...
  • U.S. stocks tumble as Fed sows fear and confusion

    09/18/2015 2:43:52 PM PDT · by John W · 13 replies ^ | September 18, 2015 | Sue Chang
    U.S. stocks sank Friday, with the S&P 500 and the Dow Jones Industrial Average closing down for the week, as Federal Reserve’s decision to leave interest rates unchanged fueled fears about global economic growth. The central bank cited concerns about the global economy and a lack of inflation growth in its Thursday decision to leave interest rates unchanged. “Many are confused by the outcome of the recent Fed meeting,” said Kent Engelke, chief economic strategist at Capitol Securities Management. “Markets hate confusion and lack of clarity.” The S&P 500 skidded 32.16 points, or 1.6%, to close at 1,958.08 for a...
  • China shares lead losses in Asia on growth fears (Shanghai Composite loses 3.55% overnight)

    09/15/2015 2:41:29 AM PDT · by SkyPilot · 2 replies
    CNBC ^ | 15 Sep 15 | Staff
    <p>Chinese shares took another tumble on Tuesday amid persisting worries about the health of the world's second-biggest economy.</p> <p>Other bourses in the region also wobbled as cautious sentiment prevailed ahead of the Federal Reserve's highly-anticipated meeting, alongside other risk events such as a sudden leadership change down under.</p>
  • US interest rate rise could trigger global debt crisis

    09/14/2015 7:50:38 AM PDT · by SkyPilot · 10 replies
    The Telegraph ^ | 13 Sep 15 | Telegraph Staff
    Global debt levels are dangerously high and central banks cannot keep the game going indefinitely, warns the high priest of orthodoxy Debt ratios have reached extreme levels across all major regions of the global economy, leaving the financial system acutely vulnerable to monetary tightening by the US Federal Reserve, the world's top financial watchdog has warned. The Bank for International Settlements said the wild market ructions of recent weeks and capital outflows from China are warning signs that the massive build-up in credit is coming back to haunt, compounded by worries that policymakers may be struggling to control events. "We...
  • Fears grow over US stock market bubble

    09/14/2015 7:47:30 AM PDT · by SkyPilot · 30 replies
    Financia Times ^ | 13 Sep 15 | John Authers
    A growing number of investors believe that US stocks are overvalued, creating the risk of a significant bear market, according to research by Yale University market scholar Robert Shiller. The Nobel economics laureate told the Financial Times that his valuation confidence indices, based on investor surveys, showed greater fear that the market was overvalued than at any time since the peak of the dotcom bubble in 2000. Nobel economics laureate Robert Shiller “It looks to me a bit like a bubble again with essentially a tripling of stock prices since 2009 in just six years and at the same time...
  • Don't Get Comfortable! (Stock Markets)

    09/12/2015 8:04:02 AM PDT · by blam · 7 replies
    BI ^ | 9-12-2015 | Henry Blodgett
    Henry BlodgetSeptember 12, 2015 After some gut-wrenching volatility in August, global markets have settled down in the past couple of weeks. They have also rebounded nicely off the August lows. As markets have calmed, the debate about whether we're in the early stages of a full-on crash has quieted. But don't get too comfortable. This is still an open question. At times like these, it's helpful to get a historical perspective. And what you find when you do that is that no one who is concerned about a crash should take comfort in the market's recent stabilization. Why? Because market...
  • Interest-rate hike could tank stocks by 40%

    09/10/2015 2:31:51 AM PDT · by SkyPilot · 157 replies
    WND ^ | 9 Sep 15 | Jerome R. Corsi
    Despite the stock market’s return to triple-digit gains on Tuesday in apparent response to signs that China will take steps to stimulate its economy, bankers worldwide are warning a decision by the Federal Reserve to increase interest rates next week could precipitate a stock-market collapse. Deutsche Bank, the European Union’s biggest bank, has grabbed attention by issuing a warning to the Federal Reserve that a rise in U.S. interest rates now would constitute nothing less than a “premeditated controlled demolition” that could cause global stock markets to collapse a dramatic 40 percent. The Federal Reserve is scheduled to decide...
  • Second Largest US Pension Fund To Sell 12% Of Stocks Holdings In Advance Of "Another Downturn"

    09/05/2015 8:03:02 PM PDT · by SkyPilot · 9 replies
    Zero Hedge ^ | Submitted by Tyler Durden on 09/02/2015 17:49 -0400 | Tyler Durden
    While many continue to debate if what with every passing day increasingly looks like a global recession, one from which the US will not decouple no matter how many "virtual portfolio" asset managers claim the contrary, there are those who without much fanfare are already taking proactive steps to avoid the kind of fallout that the markets have hinted in the past month of trading, is inevitable. Some such as Calstrs: the nation's second largest pension fund with $191 billion in assets (smaller only than Calpers), which as the WSJ reports is "considering a significant shift away from some stocks...
  • Markets Are Ripping Higher, Dow Futures Are Up 300

    09/08/2015 5:13:31 AM PDT · by blam · 31 replies
    BI ^ | 9-8-2015 | Sam Ro
    Sam RoSeptember 8, 2015US stock market futures are ripping higher after the three-day holiday weekend. Dow futures are up 300 points, S&P 500 futures are up 37 points, and Nasdaq futures are up 79 points. This makes up for all of what the markets lost on Friday. There isn't any obvious single headline to explain Tuesday's move. But here are a few big headlines that certainly showed up on some traders' radars: (snip)
  • Make No Mistake — The Market Might Still Be Crashing

    09/06/2015 10:27:16 AM PDT · by blam · 59 replies
    BI ^ | 9-6-2015 | Elena Holodny
    Elena HolodnySeptember 6, 2015 The stock markets continue to get whipsawed. Stocks plunged on Monday and Tuesday, bounced back on Wednesday, burbled along on Thursday, and then got slammed on Friday after the jobs report. All the major US indices closed down about 3% for the week. This action follows the previous week's wild ride when stocks started deep in the red; the Dow plummeted 1,089 points (before recovering), and, somehow, ultimately both the S&P and Dow closed 0.6% and 0.8% higher for the week, respectively. People who are invested in the stock market might not want to hear this,...
  • U.S. stock futures rise ahead of jobless claims, ECB meeting

    09/03/2015 4:36:49 AM PDT · by expat_panama · 33 replies
    Market Watch ^ | Sept 3, 2015 | Sara Sjolin
    U.S. stock futures were comfortably in positive territory Thursday ahead of U.S. jobless claims data, as well as the latest policy decision from the European Central Bank. The early move follows an upbeat session in Asia, where the volatile Chinese markets are closed for two days. Futures for the Dow Jones Industrial Average YMU5, +0.24% climbed 67 points, or 0.4%, to 16,397, while those for the S&P 500 index ESU5, +0.20% added 7.15 points, or 0.4%, to 1,954.25. Futures for the Nasdaq 100 index NQU5, +0.21% gained 24 points, or 0.6%, to 4,284. The indicated advances come after all three...
  • China slowdown, market jitters threaten world economy: IMF

    09/02/2015 8:58:12 PM PDT · by BenLurkin · 7 replies
    ctvnews ^ | Paul Wiseman
    The Chinese economic slowdown, though long anticipated, "appears to have larger-than-previously-envisaged" repercussions in other countries, the IMF said. China's troubles have sent the prices of raw materials such as oil and copper into a freefall, pinching Brazil, Russia and other commodity exporters. The report did not revise the fund's economic forecasts for this year, last updated in July, though it concluded that "downside risks have risen." The IMF expects the global economy to grow 3.3 per cent this year, little-changed from 3.4 per cent in 2014; the U.S. economy to grow 2.5 per cent, versus 2.4 per cent in 2014;...
  • Gartman Does it Again: Stocks Set To Surge As Newsletter Bulls Hit 6 Year Low

    09/02/2015 7:05:25 AM PDT · by blam · 2 replies
    Zero Hedge ^ | 9-2-2015 | Tyler Durden
    Tyler Durden 09/02/2015 If there is one thing more or less guaranteed to create a bullish scenario for stocks, it is the sudden flip-flop of world-renowned newsletter writer Dennis Gartman once again to a short-of-stocks position. Worse still, his fellow newsletter writers, according to AAII, have not been this 'unbullish' since the trough in March 2009. Of course, what many are missing this morning isd 120 points of The Dow's gains are due to the panic-intervention by The BoJ at last night's Japan open...Gartman: "Full-fledged bear market"... Long of tanker stocks, derivatives-hedged to a short overall equity position...(snip)
  • Volatile Dow sheds nearly 500 points - Economic indicators suggest 'more to come'

    09/01/2015 9:39:23 PM PDT · by Perseverando · 11 replies
    WND ^ | September 1, 2015 | Jerome Corsi
    NEW YORK – On Tuesday, the Dow Jones Industrial Average resumed posting losses in the hundreds of points, dropping briefly in late afternoon trading under the threshold 16,000 level. The Dow closed at 16,058.35, having rebounded from market lows, but still 469.68 points down. Canada announced Tuesday the Canadian economy shrank at an annual rate of 0.5 percent in the second quarter, following a 0.8 percent decline in the first three months of the year, qualifying as a recession. Meanwhile, China’s official manufacturing purchasing-managers index fell to 49.7 in August from 50 in July, marking its lowest level since August...
  • Chinese Stocks Just Staged A Dramatic U-turn

    09/02/2015 3:22:03 AM PDT · by blam · 24 replies
    BI ^ | 9-2-2015 | David Scutt, Business Insider Australia
    David ScuttSeptember 2, 2015In what was another wild session, Chinese stocks finished the trading week mixed, disappointing those who had been expecting a mammoth market rally before the nation breaks for a two-day holiday to commemorate the 70th anniversary of the end of World War II. The benchmark Shanghai Composite index finished the day at 3155.04 points, a decrease of 0.37%. Earlier in the session the index was down more than 4% before staging a miraculous late rally into the close, yet again. The 5-minute chart below tells the story. SSEC Sept All sectors bar financials and utilities closed...
  • Futures Are Rallying After An Ugly Start To The Month

    09/02/2015 5:38:17 AM PDT · by blam · 4 replies
    BI ^ | 9-2-2015 | Akin Oyedele
    Akin OyedeleSeptember 2, 2015US stocks are rebounding after a very ugly start to the month. Near 7:50 a.m. ET, Dow futures were up 109 points, S&P 500 futures were up 12 points, and Nasdaq futures were up about 28 points. Stocks had the worst start to September in 13 years, and this is historically the weakest month of the year for US equities. On Tuesday, the three major indexes fell nearly 3%, and the S&P 500 dropped back into correction, defined as a 10% decline from recent highs. Experts pointed, again, to concerns that the world economy is slowing down...
  • September Slip: Markets Pounded Amid Factory Fears

    09/01/2015 2:06:43 PM PDT · by BenLurkin · 9 replies
    FOX Business ^ | September 01, 2015 | Victoria Craig
    ·In the U.S., a gauge on factory activity from the Institute for Supply Management saw a bigger-than-expected drop in August to 51.1 from 52.7 in July. Wall Street anticipated a shallower drop to 52.6. The reading, though still in expansion territory, was the lowest since May 2013. The global picture wasn’t much better, and is what helped drive the selloff in world markets. Overnight, data from China showed the nation’s manufacturing sector slipped to a three-year low and back into contraction territory for the first time in six months, though mostly in-line with expectations, while the services sector also showed...
  • STOCKS GET CRUSHED (-470): Here's What You Need To Know

    09/01/2015 1:07:17 PM PDT · by blam · 82 replies
    BI ^ | 9-1-2015 | Myles Udland
    Myles UdlandSeptember 1, 2015It was an ugly day for the markets, as each of the major US indexes dropped nearly 3% to start September, which is traditionally the weakest month of the year for the stock market. Oil got slammed on Tuesday, falling 8% with West Texas Intermdiate crude prices falling back near $45 a barrel after a 30% run-up in just 3 days saw WTI erase most all of its August losses. Stocks started the day deep in the red and the selling pressure hardly relented at all into the closing, sending stocks out on their lows for the...

    09/01/2015 1:02:51 PM PDT · by SkyPilot · 34 replies
    Drudge Report ^ | 1 Sep 15 | Matt Drudge Here we go again......
  • All major indexes in correction, off more than 2%

    09/01/2015 9:51:15 AM PDT · by John W · 16 replies ^ | September 1, 2015 | Evelyn Cheng & Jenny Cosgrave
    U.S. stocks fell nearly 2 percent or more on Tuesday, the first day of trade for September, as weak Chinese data pressured global markets. The Dow Jones industrial average traded about 400 points lower, still in correction, after briefly falling more than 425 points. The Nasdaq composite wiped out gains for 2015 and struggled to stay out of correction. The index traded about 2 percent lower, while the S&P 500 fell more than 2 percent and was briefly in correction territory.
  • Dow falls 300 points on more China fears

    09/01/2015 8:13:42 AM PDT · by Signalman · 11 replies
    CNN Money ^ | 9/1/2015 | Paul R. LaMonica
    Here we go again. Stocks took another nosedive in early trading Tuesday following more fears about a slowdown in China's economy. The Dow Jones Industrial Average dropped 300 points, or about 2%, and is 12% below the all-time high it set in May. The S&P 500 also fell 2% and is once again close to entering a so-called correction. It's down almost 10% from the record that it hit in May. The tech-heavy Nasdaq fell more than 1.8% as well and is 10% below its July peak. The Nasdaq also lost its gains for the year Tuesday and is now...
  • NYSE invokes Rule 48 for open, Dow futures briefly tumble more than 400

    09/01/2015 6:33:05 AM PDT · by Citizen Zed · 10 replies
    Yahoo Finance ^ | 1-1-2015 | CNBC
    U.S. stock index futures pointed to a sharply lower open on Tuesday, with Dow futures briefly falling more than 400 points, following some weaker-than-expected Chinese data. Two sets of key Chinese data disappointed traders on Tuesday. The official manufacturing purchasing managers' index (PMI) edged down to 49.7 in August from 50 in July, while the final Caixin/Markit manufacturing PMI came in at 47.3 in August, the lowest reading since March 2009. Even more worrying, China's services sector , which has been one of the lone bright spots in the sputtering economy, also showed signs of cooling, a similar business survey...
  • Global Markets Are Melting Down

    09/01/2015 5:12:49 AM PDT · by blam · 69 replies
    BI ^ | 9-1-2015 | Sam Ro
    Sam Ro September 1, 2015 futures - Finviz Global markets are getting smoked again. Dow futures are down 315 points, S&P 500 futures are down 40 points, and Nasdaq futures are down 93 points. It's a bloodbath in Europe, with Britain's FTSE, Germany's DAX, France's CAC 40, and Spain's IBEX all down by more than 2%. Asian markets closed deep in the red, with Japan's Nikkei plunging 3.8%, Hong Kong's Hang Seng falling 2.2%, and China's Shanghai Composite tumbling 1.3%. Here's a quick roundup of the key headlines we've gotten since US markets closed on Monday. (snip)
  • Dow posts worst August decline in 17 years

    08/31/2015 5:02:31 PM PDT · by SkyPilot · 25 replies
    Market Watch ^ | 31 Aug 15 | Mark Decambre
    The month of August can be pretty rough for stock investors. But this August has earned its place in the record books, as stocks were unsettled by uncertainty over the state of affairs in the world’s second largest economy, China. As far as Augusts go, this has been the worst in nearly two decades for the Dow Jones Industrial Average DJIA, -0.69% The Dow posted a roughly 6.4% decline in August, which marked the worst month in more than five years for the market gauge, which tracks the performance of 30 stocks. Comparing the month with other Augusts, the blue-chip...
  • After Hours: Stocks down in futures trading.

    08/31/2015 6:31:14 PM PDT · by Signalman · 40 replies
    CNN Money ^ | 8/31/2015 | CNN Money
    DJIA: -189.00 NASDAQ: -49.50 S&P: -25
  • China Crisis: China GDP Numbers Don’t Add Up, And That's A Problem For Anyone Doing Business There

    08/31/2015 1:44:51 PM PDT · by SeekAndFind · 14 replies
    International Business Times ^ | 08/31/2015 | By Angelo Young
    China’s official government statistics often raise eyebrows, whether it’s the health of state-owned enterprises run by bureaucrats or national unemployment figures that ignore up to 300 million internal migrant workers. But as the world's second-largest economy slows and threatens to drag the rest of the world with it, Beijing’s official gross domestic product numbers are once again under scrutiny inside and outside the country. Chinese billionaire, real estate magnate and Communist Party member Wang Jianlin was the most recent critic to tell Beijing to get real about growth. Jianlin's holdings include a stake in Spanish football club Atlético Madrid and...
  • Rattled investors brace for big week as Federal Reserve considers rate increase

    08/31/2015 3:55:28 AM PDT · by expat_panama · 10 replies
    The Guardian ^ | Sunday 30 August 2015 | Rupert Neate
    After a tumultuous week on the world’s stock markets, investors will be focused on Wall Street Monday ahead of another set of economic reports likely to steer the Federal Reserve’s decision on whether to raise interest rates for the first time in almost a decade. The markets open Monday as investors digest news that the Fed is still actively considering a September rate hike. In a speech on Saturday, Stanley Fischer, the vice-chair of the Fed’s Board of Governors, suggested inflationary pressures could soon lead to an increase. His comments are likely to add to the volatility of already skittish...
  • Hundreds arrested as Beijing launches stock market crackdown

    08/31/2015 3:04:01 AM PDT · by SkyPilot · 15 replies
    CNN Money ^ | 31 Aug 15 | CNN staff
    Chinese authorities have arrested nearly 200 people for alleged online rumor-mongering about China's stock market turmoil and a recent, deadly chemical factory explosion in Tianjin. Among the arrested is Wang Xiaolu, a journalist for financial publication Caijing Magazine, "who has been placed under 'criminal compulsory measures' for suspected violations of colluding with others and fabricating and spreading fake information on securities and futures market," according to Chinese state media. Government officials have also been placed under arrest, including Liu Shufan, an official with the China Securities Regulatory Commission, who has been accused of bribery, fraud and completing under-the-table deals. At...
  • The Weekend Is Over, And We're Tumbling Again

    08/30/2015 9:00:45 PM PDT · by blam · 22 replies BI ^ | 8-30-2015 | Sam Ro
    Sam RoAugust 30,2015US futures are trading in the red, signaling more volatility for the US stock markets when they open on Monday Dow futures are down 177 points, S&P futures are down 22 points, and Nasdaq futures are down 46 points. This follows what's being interpreted as hawkish comments from Stanley Fischer, Vice Chairman of the Federal Reserve. "Given the apparent stability of inflation expectations, there is good reason to believe that inflation will move higher as the forces holding down inflation dissipate further," Fischer said on Saturday during a panel at the Kansas City Fed's Economic Symposium in Jackson...
  • Central banks can’t save the markets from a crash. They shouldn’t even try

    08/30/2015 10:06:32 AM PDT · by Lorianne · 10 replies
    Guardian UK ^ | 30 August 2015
    Like children clinging to their parents, stock market traders turned to their central banks last week as they sought protection from the frightening economic figures coming out of China. Surely, they asked, the central banks would ward off the approaching bogeymen, as they had so many times since the 2008 crash. The US Federal Reserve came up with the goods. William Dudley, president of the bank’s New York branch, hinted that the interest rate rise many had expected next month was likely to be delayed. A signal that borrowing costs would remain at rock bottom was all it took. After...
  • How farmers from rural China bet on the stock market and lost

    08/30/2015 7:02:14 AM PDT · by SkyPilot · 18 replies
    The Washington Post ^ | 29 Aug 15 | Emily Rauhala
    Nobody has seen the village chief. Just months ago, his courtyard home at the edge of the orchard was a makeshift trading floor where local farmers gathered to share tips and track the Shanghai Composite. Now, the gates are closed, a security camera stands watch, and nobody wants to talk about the stock-trading local party secretary. “Out for the whole day,” ventured a neighbor. “Who?” said another. “Maybe he flew away in a plane,” joked a third. It is a scene playing out across China. This spring, the country was gripped by stock fever, a frenzy of borrowing and...
  • This Is The Start Of The Selloff, Not The End

    08/27/2015 3:15:14 PM PDT · by blam · 40 replies
    BI - Bonner And Partners ^ | 8-27-2015 | Bill Bonner
    Bill Bonner, Bonner and Partners August 27, 2015BALTIMORE, Maryland – Is Donald Trump broke yet? We don’t know. But at the end of the first quarter, investors held about $24 trillion in stocks. Stock prices are down about 10% since then… leaving the rich $2.4 trillion less rich. Government bonds have generally gone up. Junk-grade corporate bonds have gone down. And real estate? It takes longer to react. Real estate is not “marked to market” immediately. Buyers and sellers discover prices slowly. Phony WealthThe “wealth” created in Stage III of the U.S. credit boom was largely phony. It came as...
  • The Troubling Decline of Financial Independence in America

    08/28/2015 10:16:19 AM PDT · by SeekAndFind · 2 replies
    Of Two Minds ^ | 08/28/2015 | Charles Hugh-Smith
    If you can't work for yourself and afford health insurance, something is seriously messed up. By financial independence, I don't mean an inherited trust fund--I mean earning an independent living as a self-employed person. Sure, it's nice if you chose the right parents and inherited a fortune. But even without the inherited fortune, financial independence via self-employment has always been an integral part of the American Dream. Indeed, it could be argued that financial independence is the American Dream because it gives us the freedom to say Take This Job And Shove It (Johnny Paycheck). This chart shows the self-employed as a percentage of those with jobs (all nonfarm...
  • Apple announces Sept. 9 event for 'iPhone 6s,' updated Apple TV at massive new venue

    08/27/2015 11:57:12 AM PDT · by Swordmaker · 60 replies
    Apple Insider ^ | Thursday, August 27, 2015 | By Neil Hughes
    Apple on Thursday sent out invitations to members of the media, making official its anticipated Sept. 9 event at San Francisco's Bill Graham Civic Auditorium. It's expected to showcase not only a next-generation "iPhone 6s" handset, but also a new Siri-enabled Apple TV set-top box. via CNBC. This year's event comes with the tagline "Hey Siri, give us a hint," likely alluding to the voice input expected to be a part of this year's revamped Apple TV. The new set-top box is also widely anticipated to feature a redesigned controller with touchpad, as well as a dedicated App Store for...
  • Believing Failed Industry Analysis

    08/27/2015 12:36:52 PM PDT · by Swordmaker · 16 replies
    TechNightOwl ^ | August 27th, 2015 | Gene Steinberg
    If you can believe what some industry analysts have been saying, Apple should now be playing third fiddle in the smartphone wars. Android and Windows Phone would be ahead of iOS. Apple would, I suppose, be destined to fall back into niche status. Have you looked at the Windows Phone and BlackBerry market shares lately? Have you noticed how Microsoft is quickly unraveling the failed Nokia handset division purchase? Have you noticed how thousands of brand new Microsoft employees are being consigned to the unemployment lines? So do you believe those predictions? There’s one more. IDC, part of IDG, which...
  • Dow up as China admits propping up currency

    08/27/2015 5:52:47 PM PDT · by SkyPilot · 3 replies
    WND ^ | 27 Aug 15 | Jerome R. Corsi
    U.S. stocks rallied again Thursday, with the Dow Jones Industrial Average closing at 16,654.77, up 369.26 points, as the Chinese government admitted intervening in foreign currency markets to prop up the value of the yuan. The communist government also admitted simultaneously intervening in the Chinese stock market to halt further declines. The average investor got a second breather this week as the Dow gained back Wednesday and Thursday the 1,000 points lost in opening trading Monday in a roller-coaster market that shows no signs of stabilizing. Market Watch reported the Treasury market, a comfortable haven for many nervous investors,...
  • President Xi just changed the rules of the game in China — Makes things scarier for everyone

    08/27/2015 2:35:57 PM PDT · by SeekAndFind · 12 replies
    Business Insider ^ | 08/27/2015 | Linette Lopez
    The rules of engagement have changed in China. There was a time when loyalty to the party, and loyalty to President Xi Jinping, meant the government left you alone. But there is now a crisis on, and even those who thought they might be safe from the president's ongoing crackdown on corruption need to watch their backs. Someone has to take the fall for a crashing stock market, a slowing economy, and the 145 people killed as a result of an industrial accident in Tianjin earlier this month. And it's not going to be President Xi Jinping. On Thursday the...
  • GOLDMAN SACHS: Chinese Economic Growth Is About To Accelerate

    08/27/2015 9:52:12 AM PDT · by blam · 16 replies
    BI ^ | 8-27-2015 | David Scutt
    David Scutt, Business Insider Australia August 26, 2015 The outlook for Chinese economic growth is not as bad as some commentators are suggesting, and while it is uncertain, it is certainly not collapsing. The view presented by Goldman Sachs' portfolio strategy research team, in a note released earlier this week, suggests that Chinese economic growth will recover in the final quarter of this year on the back of flexibility with fiscal, monetary, and reform policy. Here's Goldman on the recent slowdown in China's growth momentum: China growth has slowed meaningfully in recent months, as evidenced by the disappointing official data,...
  • Do You Think They Really Understand the Mess We Are In?

    08/27/2015 10:52:35 AM PDT · by Kaslin · 10 replies ^ | August 27, 2015 | Matt Towery
    It's not just the stock market that is having trouble these days. In reality, everywhere you look there are just plain wacky things going on that somehow much of the media and political "intelligentsia" have failed to report or acknowledge. Back in April, this column, based on analysis of several readily available financial surveys, suggested that a major correction in our markets was likely, not in a matter of years, but in just months. Bam. It happened. The most troubling aspects are not the issues or problems that require a crystal ball and a lot of luck. More concerning is...