Archive for the ‘Market Commentary’ Category
Thursday, January 17th, 2008
President Bush and Fed Chairman Ben Bernanke both support doing something to stimulate the economy of the United States in order to avoid a recession. There were no clear specifics implemented on what a recovery plan would look like.
Although Republicans and Democrats differ over what provisions should ...
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Monday, January 14th, 2008
Good news from IBM sparked a rally in share prices today. IBM, one of the 30 companies who comprise the Dow Jones Industrial Average, announced their fourth quarter results would be 24 percent higher than originally thought.
Despite the good news from IBM, the financial sector is still taking a ...
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Monday, January 7th, 2008
If you have ever received an unsolicited email with a hot stock tip, you are probably familiar with the work of the "Spam King" Alan Ralsky. He has now been indicted by a federal grand jury in his home city of Detroit over charges he headed a ring of ...
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Friday, January 4th, 2008
The idea that a recession will soon grip America is keeping stock market investors away from being bullish at the start of the new year. Decliners are leading advancers today as Wall Street sees plenty of red.
Non-farm payrolls increased just 18,000 in December, compared with a revised 115,000 the ...
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Wednesday, January 2nd, 2008
The home sales and construction market were big concerns in 2007, and that doesn't seem likely to change in the new year. More carnage is expected in the housing market for two main reasons: credit is getting tougher to acquire and high foreclosure rates.
"There's little reason to pop open ...
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Monday, December 10th, 2007
Investors really love rate cuts. They must think a rate cut is some sort of a magic bullet for the economy, because every time they hear about one, they get giddy with excitement. Today is no different as the general indexes rebounded, despite a blow to UBS in ...
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Thursday, December 6th, 2007
The U.S. government is getting involved in the so-called "subprime" crisis, by initiating a plan to bail out certain homeowners with adjustable rate mortgages (ARMs). The thought is that the plan to free rate increases will slow the record number of foreclosures, giving consumers a chance to hold on ...
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Wednesday, December 5th, 2007
Guessing what the Fed will do vis a vis interest rates has been a passion for many for years now. Will the cut? Will the hold? Only Ben Bernanke knows for sure. But Bill Gross of Pimco is supposed to know these types of things and ...
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Tuesday, December 4th, 2007
In a sure sign of being paid too much, U.S. Chief Executives are not stressing the economy too much.
"CEOs are getting a little bit more comfortable that we are slowing down a little bit as an economy," he added. "But there aren't huge dark clouds out there. But ...
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Monday, December 3rd, 2007
Here's a bit of a shocker: the Fed may drop interest rates a very hefty 100 basis points, in an effort to stimulate the moribund U.S. economy. At least this is the belief of Citi's chief economist, Lewis Alexander.
Alexander, who worked at the Fed before joining Citi, also said ...
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