PNC Financial Services Group recently conducted a survey of affluent children and their parents. Here were some of their findings: 73% of teens said they feel a strong sense of responsibility to wisely manage money they receive from their family 25%…
Today was one of those days that causes people to sell all their stocks and swear off the stock market forever. It was the worst day for the market since the re-opening after the Sept 11, 2001 terrorist attacks. At 3:00pm…
Before the open of the market yesterday (Wednesday) The Labor Department announced (subscription required) that core inflation (“core” excludes food and energy) increased .256% from December to January. Core prices were 2.7% higher compared with last January. The Fed’s desired…
Puts Calls Put/Call Ratio February 117,646 134,162 .88 March 236,974 160,127 1.48 April 43,401 9,966 4.35 Source: Scottrade, as of approx. 3:00pm EST What this tells us, I think, is that there are still alot of bears out there. Even though options buyers are…
In his semiannual testimony before Congress which began this morning (Wed) at 10am EST Fed Chairman Ben Bernanke said that he is comfortable with current interest rate levels and that the factors contributing to inflationary risk appear to be waning…
A starting point for becoming knowledgeable about business and finance is simply to read The Wall Street Journal everyday. If you just do that, you’ll find your knowledge and understanding growing all the time and you’ll be way ahead of…
I believe Barry Hyman, equity market strategist at EKN Financial Services, gets it right when he says technology is “going to hold the key to the near term direction of the markets” (subscription required). And I think technology also explains…
Our S&P 500 calls (Jan07 $137) expired last Friday. I closed them out in the last hour of trading on Friday for $5.90 – (I forgot to give the instructions to do so here on the blog for which I apologize)….
Wow. What a turn around in just a few days. When I was writing my previous post after the close last Tuesday the market was starting to look up. We’d had a nice rally on Thursday and Friday (Jan 11…
We’re 9 trading days into 2007 and I thought I’d comment on some of the things I’m seeing in the market. (1) Changing Perceptions About the Fed – When the Fed minutes were released on the year’s first trading day,…