At the open: Dow +0.78% to 14714. S&P +0.76% to 1564. Nasdaq +0.76% to 3241. Treasurys: 30-year -0.47%. 10-yr -0.23%. 5-yr -0.08%. Commodities: Crude -0.39% to $88.68. Gold +2.29% to $1392.25. Currencies: Euro +0.69% vs. dollar. Yen +1.43%. Pound -0.15%. [View news story]
Market recap: Stocks rebounded from yesterday's steep slide, driven by strong earnings reports from Coca-Cola and J&J and March housing starts which rose 7%. Consumer staples and materials - Monday's biggest laggard - led the advance. Gold prices pushed ahead by almost 2% following a two-session loss of more than $200/oz., but crude oil futures finished flat. [View news story]
So was it the Fed selling stocks yesterday that drove down the market in the first place??
Market recap: Stocks rebounded from yesterday's steep slide, driven by strong earnings reports from Coca-Cola and J&J and March housing starts which rose 7%. Consumer staples and materials - Monday's biggest laggard - led the advance. Gold prices pushed ahead by almost 2% following a two-session loss of more than $200/oz., but crude oil futures finished flat. [View news story]
At the open: Dow +0.78% to 14714. S&P +0.76% to 1564. Nasdaq +0.76% to 3241. Treasurys: 30-year -0.47%. 10-yr -0.23%. 5-yr -0.08%. Commodities: Crude -0.39% to $88.68. Gold +2.29% to $1392.25. Currencies: Euro +0.69% vs. dollar. Yen +1.43%. Pound -0.15%. [View news story]
Yes, I started averaging down yesterday, but left to go lift at 12:30...came back after market close and saw I was down 75% on my puts lol Boston explosion came out of nowhere. Lesson learned....get out of the gym before market close so you can average down A LOT if you need to lol.
At the open: Dow +0.78% to 14714. S&P +0.76% to 1564. Nasdaq +0.76% to 3241. Treasurys: 30-year -0.47%. 10-yr -0.23%. 5-yr -0.08%. Commodities: Crude -0.39% to $88.68. Gold +2.29% to $1392.25. Currencies: Euro +0.69% vs. dollar. Yen +1.43%. Pound -0.15%. [View news story]
Stocks hover near session lows 75 minutes before the bell, the DJIA -1.15%, the S&P 500 -1.5%, the Nasdaq -1.7%. The only gainers of note in the S&P 500 are Citigroup (earnings-related), Life Technologies, and Sprint (both M&A-related). [View news story]
i hope everyone who wanted the market to drop is happy today
The Brown/Vitter bill being rolled out in Congress is essentially Armageddon to the TBTF banks, says Goldman, seeing it as mandating another $1.1T in equity for the banking system. Banks would need 12 years of earnings to build this amount organically, though the bill would give just 5 - say goodbye to lending. Break up the banks? BAC, C, JPM, and WFC all have multiple divisions with more than $400M in assets - the level at which the bill gets tough on lenders. [View news story]
J.C. Penney (JCP) says it has tapped $850M out of its $1.85M credit line to fund current capital requirements and capital expenditures. A big part of the the retailer's focus continues to be a big bet on a home goods section which needs inventory and received a bit of a lift in a ruling last week in the Macy's vs JCP trial. JCP -1.9% premarket. [View news story]
Market recap: The Dow notched a new record close and the S&P 500 fell just two points shy of its own highs, as investors eyed the start of earnings season and firm economic readings from overseas. Energy and materials were top performers, drawing support from Chinese inflation that slowed more than expected. Gold settled at its highest level in more than a week; crude oil rose on global supply concerns. [View news story]
Surprised no one has come in yet and said "The Fed was buying today!!!!"
The Bank of Japan has started its new aggressive asset-buying program, saying it will acquire ¥1T ($10.3B) of Japanese government bonds with maturities of 5-10 years, and ¥200B of bonds with maturities exceeding 10 years. The purchases are part of the BOJ's plan to inject $1.4T into the economy in under two years. The Nikkei is +2.5% and yen is -1% vs the dollar. [View news story]
Radian (RDN) gains 2.5% premarket after an upgrade to Buy at Macquarie. Late to the party? The stock's up 66% YTD and has quadrupled in value since last summer. [View news story]
Late as always. Loving my shares with a cost basis around $2.99
5 Reasons Why I Am Shorting The Market [View article]
Not bad....
At the open: Dow +0.78% to 14714. S&P +0.76% to 1564. Nasdaq +0.76% to 3241.
Treasurys: 30-year -0.47%. 10-yr -0.23%. 5-yr -0.08%.
Commodities: Crude -0.39% to $88.68. Gold +2.29% to $1392.25.
Currencies: Euro +0.69% vs. dollar. Yen +1.43%. Pound -0.15%. [View news story]
Market recap: Stocks rebounded from yesterday's steep slide, driven by strong earnings reports from Coca-Cola and J&J and March housing starts which rose 7%. Consumer staples and materials - Monday's biggest laggard - led the advance. Gold prices pushed ahead by almost 2% following a two-session loss of more than $200/oz., but crude oil futures finished flat. [View news story]
Market recap: Stocks rebounded from yesterday's steep slide, driven by strong earnings reports from Coca-Cola and J&J and March housing starts which rose 7%. Consumer staples and materials - Monday's biggest laggard - led the advance. Gold prices pushed ahead by almost 2% following a two-session loss of more than $200/oz., but crude oil futures finished flat. [View news story]
At the open: Dow +0.78% to 14714. S&P +0.76% to 1564. Nasdaq +0.76% to 3241.
Treasurys: 30-year -0.47%. 10-yr -0.23%. 5-yr -0.08%.
Commodities: Crude -0.39% to $88.68. Gold +2.29% to $1392.25.
Currencies: Euro +0.69% vs. dollar. Yen +1.43%. Pound -0.15%. [View news story]
At the open: Dow +0.78% to 14714. S&P +0.76% to 1564. Nasdaq +0.76% to 3241.
Treasurys: 30-year -0.47%. 10-yr -0.23%. 5-yr -0.08%.
Commodities: Crude -0.39% to $88.68. Gold +2.29% to $1392.25.
Currencies: Euro +0.69% vs. dollar. Yen +1.43%. Pound -0.15%. [View news story]
Stocks hover near session lows 75 minutes before the bell, the DJIA -1.15%, the S&P 500 -1.5%, the Nasdaq -1.7%. The only gainers of note in the S&P 500 are Citigroup (earnings-related), Life Technologies, and Sprint (both M&A-related). [View news story]
The Brown/Vitter bill being rolled out in Congress is essentially Armageddon to the TBTF banks, says Goldman, seeing it as mandating another $1.1T in equity for the banking system. Banks would need 12 years of earnings to build this amount organically, though the bill would give just 5 - say goodbye to lending. Break up the banks? BAC, C, JPM, and WFC all have multiple divisions with more than $400M in assets - the level at which the bill gets tough on lenders. [View news story]
http://bit.ly/XCyOXH
I must've missed the memo where he was a Democrat
The Fundamentals Don't Matter Anymore [View article]
The Fundamentals Don't Matter Anymore [View article]
J.C. Penney (JCP) says it has tapped $850M out of its $1.85M credit line to fund current capital requirements and capital expenditures. A big part of the the retailer's focus continues to be a big bet on a home goods section which needs inventory and received a bit of a lift in a ruling last week in the Macy's vs JCP trial. JCP -1.9% premarket. [View news story]
Market recap: The Dow notched a new record close and the S&P 500 fell just two points shy of its own highs, as investors eyed the start of earnings season and firm economic readings from overseas. Energy and materials were top performers, drawing support from Chinese inflation that slowed more than expected. Gold settled at its highest level in more than a week; crude oil rose on global supply concerns. [View news story]
The opening of trading of Herbalife (HLF) shares has been delayed, pending news. [View news story]
The Bank of Japan has started its new aggressive asset-buying program, saying it will acquire ¥1T ($10.3B) of Japanese government bonds with maturities of 5-10 years, and ¥200B of bonds with maturities exceeding 10 years. The purchases are part of the BOJ's plan to inject $1.4T into the economy in under two years. The Nikkei is +2.5% and yen is -1% vs the dollar. [View news story]
Radian (RDN) gains 2.5% premarket after an upgrade to Buy at Macquarie. Late to the party? The stock's up 66% YTD and has quadrupled in value since last summer. [View news story]