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Keyword: stockmarket

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  • After Dropping Under $100,000/Share, Berkshire Hathaway Announces Stock Buyback Plan

    09/26/2011 7:24:17 AM PDT · by SeekAndFind · 7 replies
    Zero Hedge ^ | 09/26/2011 | Tyler Durden
    Warren Buffet came, he saw BRK/A trading at $99,000, he took a bath, and decided that this aggression against BRK/A will not stand, man. As a result, after taking a metaphorical bath on BAC, the Octogenarian has just decided to launch a share repurchase program in the company with the massive short S&P put, because "In the opinion of our Board and management, the underlying businesses of Berkshire are worth considerably more than this amount, though any such estimate is necessarily imprecise." In other words, Buffett is slowing starting to realize that he has to put up or shut up,...
  • Sum of All Fears: Stocks, Commodities Tumble Over Risk of Recession, European Implosion

    09/22/2011 2:44:42 PM PDT · by Kartographer · 9 replies
    Daily Ticker/Yahoo Finance ^ | 9/22/11 | Aaron Task
    An extraordinary day in the financial markets ended with stocks and commodities down sharply while the dollar and U.S. Treasuries rallied, sending the yield on the 10-year note to a record low. After trading below 10,600 intraday, the Dow closed down 391 points, or 3.5%, to 10,734 while the S&P lost 3.2%. Stocks are now on track for their worst week since October 2008, Dow Jones reports. Meanwhile, gold shed 4%, silver plummeted 11%, copper tumbled 9% and oil fell 6.7% Thursday as traders unwound "risk on" positions funded with "cheap" dollars, which rose 1% vs. the euro.
  • 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...
  • Stocks Open to Trap Door at Bell........

    09/22/2011 6:49:49 AM PDT · by Red Badger · 64 replies ^ | 22 SEP 2011 | sTAFF
    DJI 10,808.87 Down -315.97 -2.84%
  • Stocks nosedive after Fed's gloomy assessment

    09/22/2011 4:47:50 AM PDT · by mylife · 26 replies
    AP ^ | 9/22/11 | Sarah Dilorenzo
    The U.S. Federal Reserve's tacit acknowledgment that America's economic slowdown is likely to persist for quite a while sent global stock markets skidding Thursday as investors brushed off the central bank's efforts to spur growth and focused instead on its gloomy assessment. Oil tumbled too but the dollar held its own against the euro, which has been weighed down in recent weeks over concerns that Greece might go bankrupt. Hong Kong's Hang Seng led stock markets lower, with a near 5 percent dive.
  • Wall Street sinks after Fed statement cites "risks" (Fed's $400B "Operation Twist" Worries Market)

    09/21/2011 2:16:07 PM PDT · by SeekAndFind · 3 replies
    Real Clear Markets ^ | 09/21/2011 | Chuck Mikolajczak
    Stocks tumbled on Wednesday after the Federal Reserve said there were "significant downside risks" to the economy even as it took another stab at boosting growth. The Fed, as expected, said it would buy more long-term Treasury securities in an effort to lower borrowing rates. But investors worry the Fed's latest plan will have little effect on lending in an economy that appears to be stagnating. The Fed's $400 billion plan, dubbed "Operation Twist" by market participants, is the latest in a series of steps aimed at reviving an economy that has struggled to rebound from the 2008 financial crisis....

    09/20/2011 1:34:22 PM PDT · by blam · 27 replies
    TBI ^ | 9-20-2011 | Joe Weisenthal
    MAJOR RALLY COLLAPSES AHEAD OF HUGE DAY: Here's What You Need To Know Joe Weisenthal Sep. 20, 2011, 4:00 PM And now we're looking at two down days in a role. But first, the scoreboard: Dow: +10.67 NASDAQ: -21.19 S&P 500: -1.06 And now, the top stories: * It was actually a weird day, very unlike previous ones. Things really got started off with a bang last night when S&P downgraded Italy's credit rating, causing futures and the euro to tank. It's not that much of a surprise that people are losing faith in Italy, but still it came as...
  • Watch That Dead Cat Bounce

    09/20/2011 10:18:27 AM PDT · by Kaslin · 14 replies ^ | September 20, 2011 | Gil Morales and Chris Kachner
    Signs are showing that the latest bounce which began on September 12 is a dead cat bounce for the following reasons: 1) Friday's options expiration resulted, as is typical on such days, in exaggerated trading volumes across stocks and indices. Short covering of positions has been evident while there has been lackluster buying of leading stocks. Further, very few leading stocks have formed constructive bases and are moving to new highs.2) Both the price of oil and the CRB index which tracks the price of a basket of commodities is showing much weakness, both having undercut their 200-day  moving averages...
  • US STOCKS-Futures down in wake of Obama jobs speech

    09/09/2011 11:47:47 AM PDT · by slickdain · 47 replies
    reuters ^ | Fri Sep 9, 2011 8:44am EDT | Ryan Vlastelica
    NEW YORK, Sept 9 (Reuters) - U.S. stock index futures fell on Friday as investors remained skeptical about how much of President Barack Obama's $447 billion proposal to generate U.S. jobs would make it through Congress.
  • Wall Street slumps; Dow slides below 11,000

    09/09/2011 1:12:40 PM PDT · by John W · 72 replies
    AP via MSNBC ^ | September 9, 2011 | AP
    NEW YORK — The problems that weighed down stocks all summer show no sign of letting up. U.S. stocks plunged Friday, erasing the week's gains, as rising fears about fallout from Europe's debt crisis overshadowed President Barack Obama's plan to revive the U.S. job market.
  • Stocks slide after Bernanke offers no new stimulus

    09/08/2011 2:53:55 PM PDT · by NormsRevenge · 11 replies
    Yahoo ^ | 9/8/11 | David K. Randall, AP
    NEW YORK (AP) -- Stocks closed sharply lower Thursday after Federal Reserve Chairman Ben Bernanke offered no new insight into whether the central bank will act soon to prop up the economy. In a speech closely watched by investors, Bernanke said the Fed will consider a range of steps at its Sept. 20-21 meeting, but he offered no specific plans. The Dow Jones industrial average fell 100 points shortly after Bernanke's remarks began at 1:30 p.m. Eastern. "The implications are that the Fed is going to act, but the market is disappointed because he was a little short on details,"...
  • Looking at a scary September: The stock market’s worst month lies ahead

    08/30/2011 8:25:26 AM PDT · by SeekAndFind · 19 replies
    Marketwatch ^ | 08/30/2011 | John Nyaradi
    The much ballyhooed Jackson Hole Federal Reserve conclave has come to a close, and now exchange-traded fund investors face a treacherous September. This September is likely to be particularly volatile as Federal Reserve Chairman Ben Bernanke deferred any new simulative action until the now two-day Fed meeting on Sept. 20 and 21. Bernanke puts off easing talk until Sept. FOMC Also, International Monetary Fund leader Christine Lagarde said the global economy was in a dangerous phase while Kansas City Fed President Thomas Hoenig, said last week that the Fed, “can’t do it all,” adding further to the uncertainty facing us...
  • The Hidden Dangers In Safe Haven Investments

    08/20/2011 7:53:27 AM PDT · by SeekAndFind · 14 replies
    New York Times ^ | 08/20/2011 | Paul Sullivan
    AS Europe’s debt troubles intensified earlier this month and United States debt was downgraded, many people rushed into gold and Treasury securities as a safe haven. It was the latest sign that in uncertain times, investors act in ways that can hurt them in the long run. “They fled the perceived risk of falling stock prices right into the assured risk of overvalued assets,” said G. Scott Clemons, chief investment strategist for the wealth management division at Brown Brothers Harriman. What drove those decisions was not logic but fear — fear of a repeat of September 2008. And that fear...
  • Smart Money: Forget the Market. Buy a House

    08/19/2011 8:01:29 AM PDT · by SeekAndFind · 18 replies
    Smart Money ^ | 08/19/2011 | Jilian Mincer
    With the Dow Jones Industrial Average down more than 400 points today, and many market experts predicting more volatility ahead, some advisers are recommending their clients put some of their cash to another use: To buy that house or summer home at the shore. Getty ImagesPotential homebuyers certainly have plenty of incentives: Home prices are still way down in many parts of the country, and mortgage rates are nearing their all-time lows. Consider: The benchmark 30-year fixed-rate mortgage fell 1 basis point this week, to 4.45 percent — just a few basis points above the record low hit in October...
  • Stocks plunge on economic fears [Vacation Time!]

    08/18/2011 6:55:22 AM PDT · by Oldeconomybuyer · 73 replies
    CNN Money ^ | August 18, 2011 | By CNNMoney staff
    NEW YORK -- Turmoil returned to U.S. stock markets at Thursday's open as renewed concerns about the global economy sent major indexes plunging and pushed gold to a new record high. Investors were working through bad news on various fronts, including a dismal forecast from Morgan Stanley for global economic growth, and two U.S. government-issued reports on inflation and the job market.
  • 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%
  • Sales of gold up on eBay amid stock market turmoil

    08/14/2011 2:01:42 PM PDT · by Eleutheria5 · 42 replies
    Aol News/AP ^ | 14/8/11 | Rachel Metz
    SAN FRANCISCO -For gold sellers on eBay, the recent stock market turmoil has been a boon for business. Gold and silver sales on eBay had already been rising steadily over the past several years — so much so that eBay Inc. created a special area in May to make it easier for buyers to find sellers. Now, activity is intensifying as consumers unnerved by the economic uncertainty flock to gold in hopes it will be a stable investment. The stock market just ended one of its most volatile weeks in years. Through most of last week, the average selling price...
  • BigGovernment Article Forces SEC Insider-Trading Investigation

    08/14/2011 1:45:59 PM PDT · by clove · 15 replies
    Breitbart Big government ^ | Aug 14th 2011 at 5:31 am | Chriss W. Street
    Following the fire storm over our call in Big Government last week-end for an investigation of potential Presidential and Administration leaking of the Standard & Poors downgrade of the AAA credit rating of the United States; the Securities & Exchange Commission has formally requested S&P disclose who at the company knew about the downgrade, “as part of a preliminary look into potential insider trading.” According to the Financial Times: “The inquiry was made by the SEC’s examination staff, which has oversight of credit rating firms, one person familiar with the matter said. The SEC examination staff has the power to...
  • BofA chief meets top US officials - WSJ

    08/11/2011 9:51:05 PM PDT · by Nachum · 19 replies
    Reuters ^ | 8/12/11 | Sakthi Prasad in Bangalore
    Aug 12 (Reuters) - Bank of America Chief Executive Brian Moynihan met privately this week with Treasury Secretary Timothy Geithner and Federal Reserve governor Daniel Tarullo amid the campaign to calm investors and employees about the bank's share price fall, the Wall Street Journal reported. The separate meetings took place on Wednesday in Washington, the WSJ said, citing people familiar with the situation. The intent of the meetings with the two top federal officials was for Moynihan to discuss issues related to housing, consumer spending and the U.S. economy, two people familiar with the meetings told the Journal.
  • Market punishes U.S. Treasury bonds after poor auction

    08/11/2011 2:23:59 PM PDT · by Qbert · 18 replies
    Reuters ^ | Aug 11, 2011 | Reuters
    Aug 11 (Reuters) - The U.S. Treasury sold $16 billion worth of 30-year long bonds at a poorly received auction on Thursday, with investors showing the weakest overall demand in 2-1/2 years and foreigners largely steering clear. [Snip] Investors submitted bids worth 2.08 times the amount on offer, the lowest since February 2009. A measure of foreign demand -- the indirect bidder category -- accounted for just 12 percent of the sale, the lowest since February 2008.