Goldman's end-of-2013 S&P 500 price target of 1,575 is a 9% gain from here, but the team envisions a bumpy ride, says John Melloy, with the index falling to 1,250 (a 14% decline) by the end of this year. [View news story]
Doesn't matter how good your product is if you can not execute.
Market recap: The monkey market went wild in the final hour of trading on rumors that G-20 sources said central banks were prepared for coordinated action after the weekend vote in Greece, shrugging off concerns about soaring Spanish bond yields. Meanwhile, the U.K. unveiled measures to insulate itself from the euro crisis and bolster its banks. NYSE gainers led losers more than two to one. [View news story]
Scariest line ever! " I am from the Government and I am here to help you".
In her speech tonight at the Boston Economic Club, Fed Vice Chair Janet Yellen suggests the Fed may be close to taking more easing steps this month in response to ongoing housing problems, a weak jobs market and the escalating euro zone crisis. "There are a number of significant downside risks to the economic outlook," Yellen says, "Hence it may well be appropriate to insure against adverse shocks that could push the economy into territory where a self-reinforcing downward spiral of economic weakness would be difficult to arrest." [View news story]
Why is everyone focusing on the speech and not taking this one from Richard Fisher, given yesterday, in to account?
Goldman's end-of-2013 S&P 500 price target of 1,575 is a 9% gain from here, but the team envisions a bumpy ride, says John Melloy, with the index falling to 1,250 (a 14% decline) by the end of this year. [View news story]
Market recap: The monkey market went wild in the final hour of trading on rumors that G-20 sources said central banks were prepared for coordinated action after the weekend vote in Greece, shrugging off concerns about soaring Spanish bond yields. Meanwhile, the U.K. unveiled measures to insulate itself from the euro crisis and bolster its banks. NYSE gainers led losers more than two to one. [View news story]
In her speech tonight at the Boston Economic Club, Fed Vice Chair Janet Yellen suggests the Fed may be close to taking more easing steps this month in response to ongoing housing problems, a weak jobs market and the escalating euro zone crisis. "There are a number of significant downside risks to the economic outlook," Yellen says, "Hence it may well be appropriate to insure against adverse shocks that could push the economy into territory where a self-reinforcing downward spiral of economic weakness would be difficult to arrest." [View news story]
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