On the heels of last Wednesday’s 282 point, 6.5%, sell-off in China there was another selloff in China last night (Monday June 4). The Shanghai Index was down 330 points, or 8.26% – comparable the 269 point, 8.85%, sellof heard…
I was just checking my website traffic and was pleased to discover that Charles Kirk at The Kirk Report added Top Gun’s blog to the “Blogs I Read” section to which members of his site have access.
Lot’s of good economic news, or economic news that has been interpreted as good, the last couple of days. Yesterday (Thu) before the open, The Commerce Department reported that preliminary estimates for 1Q 2007 GDP had been revised down to…
Ever since the huge selloff in China on Tuesday February 27 which sent stock markets around the world crashing down, investors everywhere have been watching the Chinese stock market. There was a second selloff on Thursday April 19 (subscription required) as…
You know Wall Street couldn’t go more than a few weeks without obsessing about the Fed and if there is going to be a rate cut this year or not. I swear to God…… The immediate cause is today’s April…
It’s looking like another good week for the stock market. Here’s how the action looks through 4 days: Dow: +151, to 13,477 S&P: +7, to 1513 Nasdaq: -23, to 2539 Russell 2000: -14, to 816 Again, we are seeing the…
“On the inflation front, the trend appears to be down, instead of holding steady, for the first time. We can live with the economic weakness [implied by the retail sales numbers] if we’re getting inflation under control.” – Marc Pado,…
“When the market is on a roll like this, it ultimately looks for excuses for profit taking, and retail sales provided that.” – Tony Dwyer, equity strategist FTN Midwest Research (subscription required) About an hour ago Barry Ritholtz at The…
So the big event of the week, the Federal Open Market Committee (FOMC) announcement released today at 2:15pm EST, turns out to be a non-event. As if we didn’t already know it: THE FED IS ON HOLD. “There is no…
4 weeks ago (Tue 4/9, “Back to Reality – Earnings Season Kicks Off”), I was skeptical that markets could power through what looked to be an upcoming disappointing earnings season. I quoted E.S. Browning from the Wall Street Journal that…