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The S&P continues to trade within the 200 point candle from Friday October 10th defined by 6750 on the topside and 6550 on the bottom. From a technical standpoint, until we breakout of that candle one way or the other…
News just broke that Warren Buffett will purchase $3 billion of perpetual preferred stock with a 10% yield from General Electric (GE). As part of the deal, he will also receive warrants to buy $3 billion in GE common stock at…
No change in policy from the Fed today on interest rates or securities purchases and the statement was mostly a photocopy of the March one as well. The only change was some comments that the economy has improved slightly since…
Note: To sign up to be alerted when the morning blog is posted to my website, enter your name and email in the box in the right hand corner titled “New Post Announcements”. That will add you to my AWeber…
