(Via Infectious Greed)
Michael Kahn, Barron’s technician, summed up the technicals this way in Wednesday’s column: I think the real message lies somewhere in the middle with the bearish trend ending and a sideways range beginning….. This is hardly a bull market forecast. …
In my weekly preview, I wrote about my “Long WMT/Short HD” position and I continue to like that trade despite the action in the stocks post earnings. HD bounced after reporting earnings Tuesday mornings but only because the stock was…
For some reason at about 1pm EST long term treasuries started selling off causing interest rates to surge and dragging the stock market down with it. I missed my man Rick Santelli explaining why at the close but that’s what happened…
Great post by Robert Reich on what’s going on: So how can the Dow Jones Industrial Average be flirting with 10,000 when consumers, who make up 70 percent of the economy, have had to cut way back on buying because…
After the close yesterday, Citigroup announced that it will provide a support facility for its Structured Investment Vehicles (SIVs), off balance sheet investment vehicles, which will result in its consolidating their assets and liabilities onto its own balance sheet (C…
Fascinating piece by Jim Jubak yesterday: “Will US Repeat Mistakes of 1937?” The argument here, and I believe he’s right, is that the current economic recovery depends on all the massive government stimulus. If the government thinks the recession is…