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Keyword: stocks

Brevity: Headers | « Text »
  • Should Investors Start dumping Global Warming Related Stocks?

    11/20/2009 11:01:41 AM PST · by Marty62 · 9 replies · 281+ views
    Self | 11-10-2009 | me
    Now that the true agenda of the Global Warming Fraud has been made public, should investors in GE and other Eco-GW stocks be dropped for the more traditional Oil and Gas stocks?
  • Nikkei Set To Fall After Wall St Losses, Tech Tumble

    11/19/2009 4:43:19 PM PST · by blam · 9 replies · 321+ views
    Nikkei Set To Fall After Wall St Losses, Tech Tumble Thu Nov 19, 2009 6:27pm EST TOKYO, Nov 20 (Reuters) - Japan's Nikkei average is set to fall on Friday, with tech stocks such as Advantest Corp (6857.T) vulnerable after disappointing U.S. data fed concern about the economic recovery and tech shares fell on a brokerage downgrade. Investors will also watch Sony Corp (6758.T), which on Thursday pushed back an elusive target of an operating profit margin of 5 percent to March 2013 as it heads for its second straight loss and loses ground to overseas competitors. [ID:nT265644] "It's possible...
  • "A Truly Extraordinary Slump": Reports Of Robust Recovery Premature, James Galbraith Says

    11/19/2009 4:32:33 PM PST · by blam · 10 replies · 419+ views
    Tech Ticker ^ | 11-19-2009 | Aaron Task
    "A Truly Extraordinary Slump": Reports Of Robust Recovery Premature, James Galbraith Says Posted Nov 19, 2009 01:51pm EST by Aaron Task in Newsmakers, Recession Disappointing reports this week on housing starts and foreclosures, as well as the index of leading economic indicators, have cast a bit of a pall on the "robust recovery" story, putting a crimp in the stock market's ascent in the process. University of Texas professor James Galbraith was never a believer in the V-shaped recovery and says it's going to take a very long time for the U.S. to recover from a "truly extraordinary slump." What...
  • US STOCKS-Wall St Set To Slip At Open On (Unexpected) Housing Data

    11/18/2009 6:41:23 AM PST · by blam · 13 replies · 388+ views
    Reuters ^ | 11-18-2009 | Ellis Mnyandu
    US STOCKS-Wall St Set To Slip At Open On (Unexpected) Housing Data Wed Nov 18, 2009 9:06am EST By Ellis Mnyandu NEW YORK, Nov 18 (Reuters) - U.S. stocks were set to open lower on Wednesday after data showed U.S. housing starts fell unexpectedly in October, offsetting strength in the natural resources sectors amid U.S. dollar weakness. Housing starts dropped to their lowest level in six months, weighed down by a sharp decline in construction activity for both single-family and multi-family dwellings, the government reported. For details, see [ID:nN1738618] The data was the latest setback for investors eager for definitive...
  • Dollar dives despite Bernanke; stocks, oil jump

    11/16/2009 5:17:37 PM PST · by FromLori · 8 replies · 384+ views
    Reuters ^ | 11/16/09
    The U.S. dollar slid to 15-month lows on Monday, boosting world stocks and commodity prices, even after Federal Reserve Chairman Ben Bernanke said the U.S. central bank was monitoring the value of the greenback "closely." U.S. crude oil futures jumped more than 3 percent as the weaker dollar prompted investors to buy higher-yielding assets such as commodities and stocks. The greenback weakened on better-than-expected U.S. retail sales data, which stoked risk appetite, and after Asian and U.S. leaders failed to agree on exchange rates at a summit in Singapore. The dollar briefly pared its losses after Bernanke said the Fed...
  • Stocks leap as Bernanke pledges lower rates

    11/16/2009 4:21:02 PM PST · by FromLori · 15 replies · 521+ views
    Reuters ^ | 11/16/09
    U.S. stocks rose broadly on Monday, sending indexes to fresh 13-month closing highs, after Federal Reserve Chairman Ben Bernanke reinforced expectations that interest rates would stay low to spur growth. Bernanke repeated that the Fed was likely to keep interest rates exceptionally low for "an extended period," a pledge that weighed on the U.S. dollar and drove investors to snap up shares of natural resource companies as prices of global commodities -- from gold to wheat -- shot higher. In a speech before the Economic Club of New York, Bernanke said the recovery would not be as robust as previously...
  • Meredith Whitney: "I Haven't Been This Bearish In A Year" (XLF)

    11/16/2009 1:31:28 PM PST · by blam · 29 replies · 1,108+ views
    The Business Insider ^ | 11-16-2009 | Joe Weisenthal
    Meredith Whitney: "I Haven't Been This Bearish In A Year" (XLF) Joe WeisenthalNov. 16, 2009, 3:38 PM XLF Nov 16 2009, 03:59 PM EST 14.83 Change % Change +0.17 +1.16% Oof. Financials are taking a hit after Meredith Whitney told CNBC that she "hasn't been this bearish in a year." She's also calling for a "double dip" recession. StreetInsider bullet-points her comments: * the banking sector is "not adequately capitalized today" * sees another leg down in the residential real estate market when mortgage rates/prices begin moving lower. To this point, Meredith said she feels that there is still a...
  • Stocks At 13-Month Highs As Dollar Slips

    11/16/2009 12:32:14 PM PST · by blam · 16 replies · 554+ views
    Yahoo/Reuters News ^ | 11-16-2009 | Rodrigo Campos
    Stocks At 13-Month Highs As Dollar Slips On 1:37 pm EST, Monday November 16, 2009 By Rodrigo Campos Reuters - U.S. flags hang on the facade of the New York Stock Exchange, October 8, 2009. REUTERS/Chip East ... NEW YORK (Reuters) - U.S. stocks rose on Monday to 13-month highs led by energy and materials shares even as Federal Reserve Chairman Ben Bernanke said the economic expansion probably will not be as robust as hoped. Commodity-related companies led the broad advance as oil and metals prices rose, lifted by a declining U.S. dollar. The dollar weakness prompted investors into riskier...
  • Manic-depressive Stock Market Inviting A Black Swan Event?

    11/14/2009 9:58:54 PM PST · by blam · 8 replies · 865+ views
    The Market Oracle ^ | 11-14-2009 | Anthony_Cherniawski
    Manic-depressive Stock Market Inviting A Black Swan Event? Stock-Markets / Financial Markets 2009 Nov 14, 2009 - 08:51 AM By: Anthony_Cherniawski Guess Where Our Economic Stimulus Money is Going The trade deficit in the U.S. widened in September by the most in a decade, reflecting rising demand for imported oil and automobiles as the economy rebounded from the worst recession since the 1930s. The gap grew a larger-than-anticipated 18 percent to $36.5 billion, the highest level since January, from a revised $30.8 billion in August, the Commerce Department said today in Washington. Imports surged by the most in 16 years,...
  • We Don't Need Any Steenking Consumers

    11/13/2009 8:33:45 AM PST · by Zeddicus · 9 replies · 419+ views
    The Market Ticker ^ | 11/13/2209 | Karl Denninger
    All we need is for The Fed to encourage and promote the dollar carry trade, and we can pump the stock market to the moon - even though unemployment continues to skyrocket and consumer confidence, a leading indicator of consumer spending and activity, was in the tank this morning. You need no further proof that the stock market has exactly nothing to do with the consumer or the broader economy - that it has become nothing more or less than a raw casino that responds to one and only one thing - the Federal Reserve and Federal Government's encouragement of...
  • SELL Signal Alerts For Stocks, Bonds, Gold and Crude Oil (Friday 13Th)

    11/13/2009 5:57:15 AM PST · by blam · 7 replies · 655+ views
    The Market Oracle ^ | 11-13-2009 | Anthony Cherniawski
    SELL Signal Alerts For Stocks, Bonds, Gold and Crude Oil Stock-Markets / Stocks Bear Market Nov 13, 2009 - 01:39 AM By: Anthony_Cherniawski U.S. equity benchmark indexes fell from 13-month highs as energy shares slumped following bigger- than-estimated growth in oil stockpiles, erasing an earlier advance spurred by Hewlett-Packard Co.’s takeover of 3Com Corp. The dollar rose the most versus the euro since August. “The fundamentals just aren’t quite there yet,” said Sarah Hunt, a money manager who helps oversee about $6.5 billion for Purchase, New York-based Alpine Mutual Funds. “You still have a lot of concerns about the demand...
  • Forget 11,000, Dow Heading For 6000 And GE Still a Short, Charles Ortel Says

    11/12/2009 8:01:35 PM PST · by blam · 19 replies · 1,373+ views
    The Tech Ticker ^ | 11-12-2009 | Aaron Task
    Forget 11,000, Dow Heading For 6000 And GE Still a Short, Charles Ortel Says Posted Nov 12, 2009 02:38pm EST Aaron Task in Investing Coming off its highs of 2009, the Dow is heading for its first down day of November, which is pretty much a non-event and arguably overdue. But there's plenty more down days ahead for the Dow, and big ones, according to Charles Ortel, managing partner of Newport Value Partners. When this current "hope-based" rally ends, Ortel believes the Dow will fall into the 5000-6000 range, based on the following: * Economic fundamentals: In addition to huge...
  • The Dow Is Soaring... Tell It To the Jobless

    11/12/2009 9:40:08 AM PST · by FromLori · 28 replies · 750+ views
    Fox ^ | 11/12/09
    Forget the stock market. Sure, the Dow has made a stunning improvement since January 20. But that’s not the place to put your money. Unemployment is outpacing Wall Street just a bit. Joblessness went from 7.6 percent when Obama took office to 10.2 -- whopping a 34 percent increase. If you could invest in job loss, you’d be a big winner under the current president. Clearly the people without jobs might not appreciate that philosophy. Who could blame them? For all that the media maligned the Bush administration over the economy, unemployment was better the entire time we had George...
  • Better Late Than Never..... (Current Stock Market Bubble Explained - Yikes!)

    11/12/2009 8:12:04 AM PST · by PreciousLiberty · 54 replies · 1,573+ views
    The Market Ticker ^ | Thursday, November 12. 2009 | Karl Denninger
    For two and a half years The Market Ticker has pointed out the foibles of The Fed and other claims of "help" for the economy - when the prescription for "help" is just an extension of the same failed policies that created the mess in the first place. But now we are starting to see this show up in the so-called "mainstream media", with the latest being The Wall Street Journal: It takes similar reasoning to reconcile the elation felt across America every time the stock market rises—partially replenishing personal investment portfolios and 401(k) retirement plans—with the uneasy feeling that...
  • GLOBAL MARKETS-Gold At New High On Weak Dollar, Shares Slip

    11/12/2009 6:00:32 AM PST · by blam · 13 replies · 300+ views
    Reuters ^ | 11-12-2009 | Susan Fenton
    GLOBAL MARKETS-Gold At New High On Weak Dollar, Shares Slip Thu Nov 12, 2009 2:39am EST By Susan Fenton HONG KONG, Nov 12 (Reuters) - Gold rose above $1,120 an ounce to a fresh record high on Thursday as the U.S. dollar wavered near 15-month lows, while Asian shares lost ground as investors took profits after four days of gains. Financial spreadbetters expected British and French shares to follow Asian markets lower but saw a higher opening for Germany's DAX share index U.S. equity futures slipped 0.4 percent. The dollar fell to a 15-month low in early trade before recouping...
  • Testing Time For The USD And Aging Stock Market Rally

    11/11/2009 11:08:40 AM PST · by blam · 2 replies · 326+ views
    The Market Oracle ^ | 11-11-2009 | Garry Abeshouse
    Testing Time For The USD And Aging Stock Market Rally Stock-Markets / Financial Markets 2009 Nov 11, 2009 - 12:31 PM By: Garry_Abeshouse No one alive has probably experienced a time when so much highly geared money has been controlled by so few large corporations, who with their accumulated power, have governments all over the world running scared. This power has been magnified with the continued availability of government handouts and cheap funding from the USD Carry Trade. This has created an "Open Sesame" to a monetary wish list that has no limits for those involved. It makes for a...
  • That 10.2% Unemployment Report Was The Best Thing That Could Happen To Stocks

    11/10/2009 6:51:01 AM PST · by blam · 11 replies · 709+ views
    The Business Insider ^ | 11-9-2009 | Joe Weisenthal
    That 10.2% Unemployment Report Was The Best Thing That Could Happen To Stocks Joe WeisenthalNov. 9, 2009, 6:56 PM Friday was stunning. After a shock unemployment reading of 10.2%, the market surged. And then, after a weekend of stewing things over, markets rocketed higher again today, and are now comfortably sitting at the highs of the year. So why the powerful rally despite the so-so fundamentals? Maybe because rising unemployment guarantees a continuation of sub-0% interest rates. Think about it. In recent months, stocks have maintained a tight 1-to-1 inverse correlation with the dollar. As the dollar declines, stocks go...
  • Why is the Stock Market Rising When The Economic Recovery is Weak?

    11/10/2009 6:34:05 AM PST · by blam · 25 replies · 1,188+ views
    The Market Oracle ^ | 11-10-2009 | John_Mauldin
    Why is the Stock Market Rising When The Economic Recovery is Weak? Stock-Markets / US Interest Rates Nov 10, 2009 - 04:35 AM By: John_Mauldin "Why" many ask, "is the stock market going up when the bond market is telling us the recovery will be tepid? Isn't there a disconnect?" And the answer is that there is, and this week good friend and fishing buddy Paul McCulley of PIMCO fame discusses that very topic with his usual insight and wit. He poses the conundrum that those expecting a "V" shaped recovery have pushed risk assets up quite high, and that...
  • Stocks Rocket To Biggest Gains Of 2009

    11/09/2009 1:34:10 PM PST · by blam · 25 replies · 1,086+ views
    The Business Insider ^ | 11-09-2009 | Vince Veneziani
    Stocks Rocket To Biggest Gains Of 2009 Vince VenezianiNov. 9, 2009, 4:03 PM Today was one for the record books. The Dow Jones Industrial Average hit its 2009 year high today, going as high 10,228 in late afternoon trading and finishing at 10,227. The NASDAQ didn't do too bad either, ending up 41 points at 2154. The S&P 500 was able to gain 23 points to close at 1093. The Federal Reserve today also released a survey that shows banks are still limiting the amount of credit offered to both businesses and consumers. The market couldn't have cared less. Gold...
  • The Feds Have No Faith In Economic Recovery

    11/05/2009 11:42:26 PM PST · by blam · 14 replies · 537+ views
    The Market Oracle ^ | 11-5-2009 | Michae Pento
    The Feds Have No Faith In Economic Recovery Economics / Economic Stimulus Nov 05, 2009 - 05:18 AM By: Michael_Pento The stock market has enjoyed a significant rally since the end of the first quarter. The Bureau of Economic Analysis reported last week that the economy grew at a 3.5% annual rate in the third quarter--a figure they achieved by that claiming inflation was running at only a 0.8% annual rate, despite a sharp drop in the dollar, a spike in commodity prices and record highs for gold. The cyclical bull market in stocks and positive print on GDP has...
  • Europe Stocks Trim Losses After ECB, BoE Decisions(Print More Money)

    11/05/2009 5:30:37 AM PST · by blam · 1 replies · 144+ views
    Reuters ^ | 11-05-2009 | Blaise Robinson
    Europe Stocks Trim Losses After ECB, BoE Decisions Thu Nov 5, 2009 8:04am EST By Blaise Robinson PARIS, Nov 5 (Reuters) - European stocks were down 0.3 percent by early afternoon on Thursday, with banks and miners among the biggest losers. Yet shares trimmed their losses after both the Bank of England and the European Central Bank kept rates unchanged. The BoE kept rates on hold and said it would expand its quantitative easing programme by 25 billion pounds ($41 billion), while the ECB kept interest rates at 1 percent as expected. The two central banks' decisions came a day...
  • Stocks give up gains after Fed(Investors don't like low interest rates?)

    11/04/2009 1:18:59 PM PST · by Bobkk47 · 8 replies · 298+ views
    CnnMoney ^ | 11/4/2009 | Alexandra Twin
    NEW YORK (CNNMoney.com) -- Stocks ended mixed Wednesday, giving up bigger gains after the Federal Reserve kept interest rates unchanged and said it will keep them low for an extended period. The Dow Jones industrial average (INDU) gained 30 points or 0.3%, according to early tallies. The Dow had gained as much as 156 points in the afternoon, but couldn't sustain those gains through the close. The S&P 500 (SPX) gained 1 point, or 0.1%, and the Nasdaq composite (COMP) lost a few points. Stocks rose through the early afternoon as investors welcomed a pair of labor market reports that...
  • Sell-off, Telecom Meltdown Continue (Indian Stock Market)

    11/03/2009 7:06:05 PM PST · by blam · 2 replies · 260+ views
    Yahoo News ^ | 11-3-2009 | By Akash Joshi
    Sell-off, Telecom Meltdown Continue By Akash Joshi The stock market saw the steepest fall after August on Tuesday as benchmark indices fell for the sixth straight trading session on huge sell-off in heavyweight stocks and weak cues from global markets. The pressure on telecom stocks continued as Reliance Communications (RCOM.NS : 165.8 0) fell 5.7% to close at Rs 165.8, in it seventh straight day of losses. Though its rival Bharti Airtel (BHARTIARTL.BO : 299.95 0) closed on the positive zone, the pressure on telecom stocks persisted. In the current year, RComm slid by 27% and Bharti by 16% when...
  • Asian And European Stocks Tank

    11/03/2009 6:05:46 AM PST · by blam · 1 replies · 219+ views
    The Business Insider ^ | 11-03-2009 | Joe Weisenthal
    Asian And European Stocks Tank Joe WeisenthalNov. 3, 2009, 5:43 AM Yesterday's crazy trading ended surprisingly higher, but markets overseas couldn't follow through. Asian markets generally ended lower, with Hong Kong down 1.8%, Europe is sharply lower as well, with all major indices down over 1.3%. In the US, futures are following suit, pointing straight down.[snip]
  • Technical Analyst: The World Is About To End

    11/03/2009 6:01:26 AM PST · by blam · 24 replies · 1,477+ views
    The Business Insider ^ | 11-3-2009 | Henry Blodget
    Technical Analyst: The World Is About To End Henry BlodgetNov. 3, 2009, 6:59 AMSince expressing (ridicule) skepticism about technical analysis a few months ago, we have been politely badgered by reader John Brims, who has been sending us charts and murmuring about wedges. We will confess that we have not been listening too carefully, because, well, because we think technical analysis is a bunch of bullsh**. But John has been persistent, so we'll give him his chance to shine. John says the chart below indicates that the world is about to end. So hang on to your hat! Henry, I...
  • Is the U.S. Dollar About To Crush Stocks?

    11/02/2009 9:05:00 PM PST · by blam · 8 replies · 594+ views
    The Market Oracle ^ | 11-02-2009 | Graham Summers
    Is the U.S. Dollar About To Crush Stocks? Currencies / US Dollar Nov 02, 2009 - 07:00 AM By: Graham_Summers Long-time readers know that I’ve begun to develop a love/hate relationship with the US Dollar. On one hand I believe the US currency is horribly flawed given our unserviceable debt load and the Fed’s profligate spending. However, on the other hand, to make money investing you have to be willing to go against the crowd. And with less than 3% of investors currently bullish on the US Dollar, the contrarian in me can’t help but wonder if we have the...
  • 'V' Is for Volatility: Stocks Back In Rally Mode But For How Long?

    11/02/2009 3:15:35 PM PST · by blam · 8 replies · 379+ views
    Market Ticker ^ | 11-2-2009 | Aaron Task
    Posted Nov 02, 2009 11:00am EST By Aaron Task in Investing Stocks rose sharply early Monday, quelling concerns (for now at least) about another rout after Friday's big decline. As Wells Capital's Jim Paulsen might say, the very fact so many people were worried about a possible crash Monday is a sign of the prevailing bearish sentiment. The market will continue to climb this proverbial "wall of worry," say bulls like Paulsen. That may well prove true but the past few weeks have reintroduced a level of volatility largely absent since the July lows. Clearly, the tenor of the market...
  • Will Markets Miss Another Shot At A Healthy Correction?

    11/02/2009 6:40:59 AM PST · by blam · 3 replies · 233+ views
    Minyanville ^ | 11-2-2009 | RonCoby
    Will Markets Miss Another Shot At A Healthy Correction? Ron Coby Nov 02, 2009 9:05 am Every time they're ready to break down, they rally instead. My favorite Peanuts cartoon was Charlie Brown and Lucy with the football. I’m sure you all remember them: Lucy convinces Charlie Brown she’ll hold the ball while he kicks it. But every time Charlie Brown runs to kick the ball, Lucy pulls it away, leaving Charlie Brown flat on his back , crying out in pain and disillusionment . Well, that’s how the bears have felt since March. They’ve played the part of Charlie...
  • Nikkei (Japan Stocks) Slides On Strong Yen, Wall St Drop

    11/01/2009 5:16:40 PM PST · by blam · 20 replies · 728+ views
    Reuters ^ | 11-02-2009
    Nikkei (Japan Stocks) Slides On Strong Yen, Wall St Drop Sun Nov 1, 2009 7:09pm EST TOKYO, Nov 2 (Reuters) - The Nikkei average slipped 1.3 percent at the open on Monday, with shares falling across the board, hit by a stronger yen and after Wall Street tumbled on weak consumer spending data and renewed worries about Citigroup's (C.N) balance sheet. The benchmark Nikkei .N225 shed 130.97 points to 9,903.77 at the open before falling to its lowest point in three weeks.[snip]The Nikkei is down 2.5% as I post this. See here.
  • Stocks Get Spooked

    10/31/2009 2:16:47 PM PDT · by blam · 26 replies · 678+ views
    The Street ^ | 10-31-2009 | Get Spooked
    Stocks Get Spooked By Elizabeth Trotta 10/31/09 - 02:56 PM EDTNEW YORK (TheStreet) -- Volatility spiked, and a strengthening dollar, compounded with a soft consumer spending report and sustainability fears, made for a dreary close to the month and what one observer called "a precarious position." October held true to its reputation as a bad month for stocks: The Dow Jones Industrial Average edged up less than one half of a point; the S&P 500 lost just less than 2%; and the Nasdaq fell 3.6%. Much of those losses materialized Friday. The Dow lost 249.85 points, or 2.5%, to 9709,...
  • Stocks take a big slide

    10/30/2009 1:39:05 PM PDT · by Bobkk47 · 14 replies · 494+ views
    CnnMoney ^ | 10/30/2009 | Alexandra Twin
    NEW YORK (CNNMoney.com) -- Stocks tumbled Friday, more than erasing the previous session's gains, as investors dumped a variety of shares at the end of a rough week and choppy month on Wall Street. The Dow Jones industrial average (INDU) lost nearly 250 points, or 2.5%, according to early tallies. The Dow lost as much as 278 points earlier. It was the Dow's biggest one-day selloff on a point basis since April 20. The S&P 500 (SPX) index fell 30 points, or 2.8% and the Nasdaq composite (COMP) shed 52 points, or 2.5%. The selloff was broad based, with all...
  • TREASURIES-Bonds Jump As Mixed Data Fuels Recovery Doubts

    10/30/2009 8:56:13 AM PDT · by blam · 10 replies · 312+ views
    Reuters ^ | 10-30-2009 | Richard Leong
    Treasurues-Bonds Jump As Mixed Data Fuels Recovery Doubts Fri Oct 30, 2009 11:29am EDT By Richard Leong NEW YORK, Oct 30 (Reuters) - U.S. Treasuries debt prices rose on Friday after a batch of mixed signals fanned skepticism about the strength of an economic recovery, rekindling a safety bid for bonds. Concerns that the the world's biggest economy could contract again hammered Wall Street, a day after the government said the United States posted its first quarterly growth in more than a year. With the economy still fragile a year after the global credit crisis, the Federal Reserve will likely...
  • Oil Futures Give Back Some Of Previous Day's Surge

    10/30/2009 8:39:32 AM PDT · by blam · 171+ views
    Market Watch ^ | 10-30-2009 | Polya Lesova
    Oil Futures Give Back Some Of Previous Day's SurgeCrude still set to gain more than 11% for October as dollar slumps.Oct. 30, 2009, 11:15 a.m. EDT Polya Lesova, MarketWatch NEW YORK (MarketWatch) -- Crude-oil futures dipped on Friday after a 3.1% surge in the previous session on news the U.S. economy returned to growth, as a mixed batch of economic reports led traders to reassess the outlook for energy demand. Crude oil for December delivery was recently down 80 cents, or 1%, at $79.07 a barrel on the New York Mercantile Exchange. Still, oil has gained more than 11%...
  • Stocks Slide As New Home Sales Fall

    10/28/2009 6:04:38 PM PDT · by Son House · 10 replies · 718+ views
    Kiplinger ^ | October 28, 2009 | Kiplinger
    NEW YORK (AP) - Signs of a weaker housing market gave stock investors another reason to be cautious. Stocks fell Wednesday after the Commerce Department said new home sales dropped for the first time in five months. Sales slid 3.6 percent in September to 402,000 from 417,000 in August, well below the 440,000 analysts had forecast. Investors also pulled back after Goldman Sachs Group Inc. reduced its expectation for the nation's economic output for the July-September period. Goldman Sachs expects third-quarter gross domestic product rose at an annual rate of 2.7 percent, weaker than its earlier forecast of 3 percent....
  • Wall Street Tumbles On Recovery Woes

    10/28/2009 2:58:25 PM PDT · by blam · 28 replies · 763+ views
    Reuters ^ | 10-28-2009 | Ellis Mnyandu
    Wall Street Tumbles On Recovery Woes Wed Oct 28, 2009 5:36pm EDT By Ellis Mnyandu NEW YORK (Reuters) - U.S. stocks tumbled in a broad sell-off on Wednesday, sending the benchmark S&P 500 lower for a fourth straight day, after weak data on new home sales heightened concerns about the pace of the economic recovery. Financials, technology, materials and industrial sectors, which underpinned the market's advance from March, bore the brunt of the slide as investors reassessed their bets. "The housing data definitely created an additional leg down in the market," said Mike O'Rourke, chief market strategist at institutional brokerage...
  • Asia Shares Dip, Weak Oil Hits Resource Firms

    10/26/2009 9:46:02 PM PDT · by blam · 160+ views
    Yahoo News ^ | 10-27-2009 | Susan Fenton
    Asia Shares Dip, Weak Oil Hits Resource Firms On 12:23 am EDT, Tuesday October 27, 2009 By Susan Fenton HONG KONG (Reuters) - Asian shares followed Wall Street lower on Tuesday with resources stocks under pressure as the price of oil stayed below $79 and with investors growing increasingly worried about the recovery of the world economy. Japan's Nikkei index (Osaka:^N225 - News) was down 1.3 percent with shares in Mitsubishi (Tokyo:8058.T - News) skidding 4.3 percent as trading houses were hurt by lower oil and commodity prices in the past day. Oil was at $78.78, below $79 a barrel...
  • Earnings reports weigh on stocks

    10/25/2009 5:20:51 AM PDT · by Erik Latranyi · 13 replies · 354+ views
    The Washington Post ^ | 25 October 2009 | N/A
    U.S. stocks posted their first weekly decline in three weeks as several major companies forecast earnings that trailed Wall Street estimates. Boeing slid 6.2 percent, the steepest drop among companies in the Dow Jones industrial average, as it posted a loss that was bigger than analysts forecast and reduced its full-year profit projection. Boston Scientific posted its biggest drop since February on concerns that sales of heart devices are slowing. Burlington Northern, meanwhile, fell 8.4 percent -- the most since March -- on concerns that shipments of consumer products will remain weak. "Given that the market has moved up so...
  • Nouriel Roubini: Big Crash Coming

    10/23/2009 10:06:28 PM PDT · by blam · 67 replies · 3,297+ views
    Index Universe ^ | 10-23-2009 | Dave Nadig
    Nouriel Roubini: Big Crash Coming Written by Dave Nadig October 23, 2009 00:00 AM Dr. Nouriel Roubini, professor of economics and international business at the Stern School of Business at NYU and chairman of RGE Monitor, is perhaps best known for his prescient predictions of the financial market collapse in 2005.Dr. Roubini will be the keynote speaker at IndexUniverse’s upcoming “Inside Commodities” conference on Nov. 4 at the New York Stock Exchange. We sat down with Dr. Roubini ahead of the conference to take his temperature on global markets, the role of oil (NYSEArca: USO) and gold (NYSEArca: GLD) and...
  • Dow Falls Below 10,000 As 'Sell The News' Prevails

    10/23/2009 1:56:16 PM PDT · by blam · 9 replies · 561+ views
    The Street ^ | 10-23-2009 | Elizabeth Trotta
    Dow Falls Below 10,000 As 'Sell The News' Prevails By Elizabeth Trotta 10/23/09 - 04:24 PM EDT NEW YORK (TheStreet) -- The Dow fell below 10,000, and the major averages retreated Friday, as better than expected data and earnings from Microsoft(MSFT Quote) and Amazon(AMZN Quote) did little for other stocks in a "sell the news" environment. The Dow Jones Industrial Average fell 109.13 points, or 1.1%, to 9,972.18, while the S&P 500 gave up 13.31 points, or 1.2%, to 1079.60. The Nasdaq edged down 10.82 points, or 0.5%, to 2154.47. Microsoft and Amazon shares were higher by 5.6% and 26.7%,...
  • Stocks tumble after rally

    10/23/2009 1:32:24 PM PDT · by Bobkk47 · 3 replies · 283+ views
    CNNMoney ^ | 10/23/2009 | Alexandra Twin
    NEW YORK (CNNMoney.com) -- Stocks slumped Friday, in a broad-based selloff that was especially hard on the leaders of the most recent leg of the rally - banks, energy shares and transportation companies. The Dow Jones industrial average (INDU) lost 109 points, or 1.1%, according to early tallies. The S&P 500 (SPX) index lost 13 points or 1.2%. The Nasdaq composite (COMP) lost 10 points or 0.5%. Stocks had risen in the morning after upbeat results from Microsoft and Amazon.com and an encouraging reading on existing home sales. But the tone turned negative in the afternoon, as investors cashed out...
  • Stocks Mixed, But Tech Brightens

    10/23/2009 7:56:06 AM PDT · by blam · 3 replies · 156+ views
    Yahoo News ^ | 10-23-2009 | Elizabeth Trotta
    Stocks Mixed, But Tech Brightens By Elizabeth Trotta 10/23/09 - 10:26 AM EDT NEW YORK (TheStreet) -- The major averages were mixed midmorning Friday despite better than expected existing-home sales data and warmly received earnings from Microsoft(MSFT Quote) and Amazon(AMZN Quote). The Dow Jones Industrial Average fell 38 points, to 10,044, while the S&P 500 gave up 2 points, to 1091. The Nasdaq advanced 13 points, to 2178. Stocks were briefly lifted by report a from the National Association of Realtors that showed existing-home sales rose more than expected in September, to 5.57 million, from 5.09 million the month prior...
  • Stocks, Bonds and Five Decade Anomaly Returns

    10/22/2009 3:04:57 PM PDT · by h20skier66 · 2 replies · 247+ views
    Commodity News Center ^ | 10/22/09 | Adrian Ash
    Stocks now pay way less than bonds once again, but neither pay much... BLINK and you missed it. US equities offered a greater yield on investment than did US Treasury bonds for less than five months... And from the day this oddity struck, 18 Nov. 2008, the S&P still had another one-fifth to fall. "When this inversion occurred, my two older partners assured me it was an anomaly," wrote the late Peter Bernstein in Nov. 2008. The inversion Bernstein referred to had occurred five decades earlier...back when the dividend yield offered by US equities slipped below the yield offered by...
  • Wells Fargo Earnings: First Leak in the Dam?

    10/22/2009 5:53:09 AM PDT · by grumpa · 25 replies · 1,461+ views
    Seeking Alpha ^ | October 22, 2009 | The Housing Time Bomb
    Ahhh.... There is nothing like the smell of an economic collpase in October. The road to recovery on Wall St. hit a pothole yesterday as banking analyst Richard Bove downgraded Wells Fargo (WFC) to a "SELL":
  • Stocks Fall Ahead Of Close

    10/21/2009 12:48:42 PM PDT · by blam · 15 replies · 566+ views
    Yahoo News ^ | 10-21-2009 | Fall Ahead Of Close
    Stocks Fall Ahead Of Close By Elizabeth Trotta 10/21/09 - 03:39 PM EDT NEW YORK (TheStreet) -- Oil surged more than $2 but stocks sold off early heading into the close Wednesday as Wall Street raised the bar for earnings. The Dow Jones Industrial Average was recently down 59 points, to 9983, while the S&P 500 shed 5 points to 1086. The Nasdaq gave up 6 points to 2157. Earnings remained in focus, as Yahoo!(YHOO Quote) and Morgan Stanley(YHOO Quote) were still 3.2% and 6.2% higher, respectively, after after strong quarterly reports. Boeing(BA Quote) shares, on the other hand, were...
  • Market Movers That Aren't Housing

    10/20/2009 9:31:43 PM PDT · by blam · 2 replies · 182+ views
    Seeking Alpha ^ | 10-20-2009
    Market Movers That Aren't Housing by: Wall Strategies October 20, 2009 The market is fixated on the less than desirable housing-related reports out Tuesday morning. Such below-consensus readings on starts and permits are a shot across the bow for regulators to cut the smooth talk and extend the housing tax credit. Whether the tax credit has had a huge impact on overall housing demand in recent months is not very supported in the statistics (low mortgage rates arguably a bigger component). But, much could be said about bolstering market psychology, in this case that of homebuilders. Maybe it is time...
  • TREASURIES-Edge Up In Asia After Bleak U.S. Data

    10/20/2009 9:08:22 PM PDT · by blam · 1 replies · 234+ views
    Reuters ^ | 10-21-2009 | Elaine Lies
    TREASURIES-Edge Up In Asia After Bleak U.S. Data Tue Oct 20, 2009 11:34pm EDT TOKYO, Oct 21 (Reuters) - U.S. Treasuries edged higher in Asia on Wednesday after bleak data on the U.S. housing market and inflation suggested the pace of the economic recovery may be only tepid. * Moderate losses in Asian stocks also encouraged investors to pick up government debt, dealers said. Tokyo's Nikkei average .N225 slipped 0.3 percent and the MSCI index of Asia stocks excluding Japan dipped 0.8 percent .MSCIAPJ. * Dealers said it is questionable if the U.S. housing market will be able to sustain...
  • A Big, Fat Stock Market Selloff

    10/20/2009 6:38:23 PM PDT · by blam · 32 replies · 1,515+ views
    The Daily Reckoning ^ | 10-20-2009 | Eric Fry
    A Big, Fat Stock Market Selloff By Eric Fry 10/20/09 Laguna Beach, California – Stocks prices are very, very high… Our contrarian colleagues over at The 5-Minute Forecast continuously lament…which means that the collective anxiety of investors is very, very low. Our colleagues don’t mind that a rising stock market is adding trillions of dollars to the asset side of household balance sheets. That’s good news. But the worrisome part is that a falling stock market could erase those trillions from the ledger just as quickly as they first appeared. And as our colleagues correctly point out, rising share prices,...
  • Dow Could Go To 13,000. But Will Likely Reverse (Suddenly) By More Than 20%

    10/20/2009 10:53:43 AM PDT · by blam · 19 replies · 885+ views
    The Market Oracle ^ | 10-20-2009 | Andrew Butter
    Dow Could Go To 13,000. But Will Likely Reverse (Suddenly) By More Than 20% Stock-Markets / Articles Oct 20, 2009 - 07:21 AM By: Andrew_Butter This is the analysis used to predict in May that the Dow would reach 10,000 without a major reversal, (personally I didn’t expect then that it would happen so quickly). I’ve put on my estimate of where I reckon it is now (in red). It’s approaching the “danger zone” (dotted black ring), although reversals when the mispricing is negative tend to be more restrained. That analysis was based on two lines of logic, the first...
  • The Market Suspense Continues

    10/20/2009 8:22:21 AM PDT · by blam · 2 replies · 302+ views
    Seeking Alpha ^ | 10-20-2009 | David Bloom
    The Market Suspense Continues by: David Brown October 20, 2009 On Monday of last week, I posed the question whether the market was about to break out or top out, and for most of the week breaking out seemed the likelier outcome. The plethora of positive earnings, together with better-than-expected revenue from a number of major players -- Google (GOOG); JP Morgan (JPM); Intel (INTC), among others -- fueled the market onward with the Dow crossing 10,000 and the S&P 500 approaching 1,100. The economic indicators were generally good as well, with slightly improved new jobless claims, a very pleasant...
  • Three Asset Classes That Can Actually Outpace Coming Inflationary Price Increases

    10/20/2009 8:01:24 AM PDT · by blam · 16 replies · 936+ views
    Seeking Alpha ^ | 10-19-2009 | Paco Ahlgren
    Three Asset Classes That Can Actually Outpace Coming Inflationary Price Increases by: Paco Ahlgren October 19, 2009 This “Excess capacity is temporarily suppressing global prices. But I see inflation as the greater future challenge." - Alan Greenspan, June 25, 2009 "The US economy may witness double-digit inflation in a few years unless the central bank tightens up its monetary policy… Unless we roll in this whole degree of expansion, we will be in trouble… I am not talking 3-5 per cent inflation, I am talking double-digit inflation in the US.” - Alan Greenspan, September 9, 2009 -- Man, the Dow...