The massive Monday rally? It appears the Fed made today's swap decision on Monday in a 9-1 vote with only Richmond Fed chief Lacker dissenting. [View news story]
This makes me sick. They might be hippies, but the OWS peeps are doing our work for us.
The bank run continues in Greece where the central bank chief says deposit outflows continue in November after totaling €13-€14B during September and October. Excluding government funds, deposits in Greek banks now total just north of €180B, off about 25% from the late 2009 peak. [View news story]
only 25% down??? who hasn't moved their money yet?
Fitch revises its outlook on the U.S. to Negative while affirming a AAA-rating - citing its "declining confidence" Congress will agree on timely measures to bring about fiscal policies aimed at reducing indebtedness. The change in outlook represents a slightly greater than 50% chance of a downgrade from the ratings agency within a two-year timeframe. [View news story]
We haven't balanced a budget in 10 years. Wonder what took them so long.
The EU ups the ante in its latest game of chicken with Greece, warning that the country won't get an €8B ($10.79B) loan payment unless its main political leaders sign an austerity pledge by next Tuesday. New Democracy leader Antonis Samaras is holding out; Greece has 20 days until it runs out of cash. [View news story]
That cash was from the last bailout round? Can anyone say "black hole".
The beauty of the European debt crisis is that it's created an enormous amount of volatility, says Royce & Associates PM Frank Gannon. While volatility is frustrating, it also creates tremendous opportunity for longer term investors. So, during these times like these, look to add to those sectors of the market that are getting hit the hardest. That's where you'll find the best valuation opportunities. (video) [View news story]
Have you ever considered the correlation between earnings and demand is not linear?
Stock index futures are sharply higher in early Sunday trade, perhaps encouraged by chatter about a €TARP and a vast expansion of the EFSF, or maybe just bouncing after last week's bloodletting. S&P 500 +1.2%, German DAX +1.2%. Gold -0.4%, Silver -1.4%, Oil +0.8%. [View news story]
Sorry if this is a total newb question, but what's DGP?
President Obama says House Speaker Boehner has decided to walk away from debt limit negotiations. Earlier today, Boehner had suggested talks would continue. [View news story]
The captain of a ship can always keel-haul a the crew members who absolutely fail. Unfortunately Obama can't do that.
Why Cisco (CSCO) is a better bet than Apple (AAPL): Cisco is unlikely to grow as slowly as its depressed stock price is discounting, while Apple is unlikely to grow as fast as the market is assuming, contrarian Mark Hulbert writes. "Would you rather make a lot of money with a mediocre company or realize a mediocre return with a great company?" [View news story]
I'd rather make a lot of money with a great company.
The massive Monday rally? It appears the Fed made today's swap decision on Monday in a 9-1 vote with only Richmond Fed chief Lacker dissenting. [View news story]
The bank run continues in Greece where the central bank chief says deposit outflows continue in November after totaling €13-€14B during September and October. Excluding government funds, deposits in Greek banks now total just north of €180B, off about 25% from the late 2009 peak. [View news story]
Fitch revises its outlook on the U.S. to Negative while affirming a AAA-rating - citing its "declining confidence" Congress will agree on timely measures to bring about fiscal policies aimed at reducing indebtedness. The change in outlook represents a slightly greater than 50% chance of a downgrade from the ratings agency within a two-year timeframe. [View news story]
The EU ups the ante in its latest game of chicken with Greece, warning that the country won't get an €8B ($10.79B) loan payment unless its main political leaders sign an austerity pledge by next Tuesday. New Democracy leader Antonis Samaras is holding out; Greece has 20 days until it runs out of cash. [View news story]
This morning's Greek cabinet meeting has ended. Reuters reports PM Papandreou told his ministers to have their resignations ready. [View news story]
The beauty of the European debt crisis is that it's created an enormous amount of volatility, says Royce & Associates PM Frank Gannon. While volatility is frustrating, it also creates tremendous opportunity for longer term investors. So, during these times like these, look to add to those sectors of the market that are getting hit the hardest. That's where you'll find the best valuation opportunities. (video) [View news story]
Wall Street Breakfast: Must-Know News [View article]
Stock index futures are sharply higher in early Sunday trade, perhaps encouraged by chatter about a €TARP and a vast expansion of the EFSF, or maybe just bouncing after last week's bloodletting. S&P 500 +1.2%, German DAX +1.2%. Gold -0.4%, Silver -1.4%, Oil +0.8%. [View news story]
Friday's economic calendar:
8:30 GDP Q2
8:30 Corporate Profits
9:55 Reuters/UofM Consumer Sentiment
10:00 Bernanke: 'Near- and Long-Term Prospects for the U.S. Economy' [View news story]
President Obama says House Speaker Boehner has decided to walk away from debt limit negotiations. Earlier today, Boehner had suggested talks would continue. [View news story]
MIPS Technologies (MIP +4.8%) jumps on rumors of a takeover. [View news story]
Why Cisco (CSCO) is a better bet than Apple (AAPL): Cisco is unlikely to grow as slowly as its depressed stock price is discounting, while Apple is unlikely to grow as fast as the market is assuming, contrarian Mark Hulbert writes. "Would you rather make a lot of money with a mediocre company or realize a mediocre return with a great company?" [View news story]