The 100-Percenters
Looks like the one percent is joining the 99 percent...and shunning stocks: "For the Rich, Diamonds are the New Stocks" (CNBC) New studies show that the wealthy are pulling back from stocks and stashing more of their money into real...
The Simplest Explanation
I'm sure there are many rational individuals who, like me, have wondered why the stock market has in recent days remained fairly resilient despite mounting evidence that the European debt crisis is spiraling out of control and economies in Europe,...
More Than Just Skint
In spite of the relentless cheerleading by Wall Street "strategists" and other alleged experts, many Americans have refused to play along with the "it's a bull market" song. A chart at Zero Hedge, which has for some time been chronicling...
A Familiar Pattern
While the two markets have loosely tracked one another -- which makes sense given that both are risky asset classes whose fortunes are closely tied to the health of corporate bottom lines and the economy as a whole -- the...
Anybody Left to Buy (Technology Stocks)?
While at least some market-watchers will view today's key reversal (on extremely heavy volume) in technology bellwether Apple as a potential turning point for the sector, which has been on an incredible tear in recent weeks, there's no shortage of...
November 3rd 2011 Stock Market Recap
For those seeking a clear, to the point summary of the European crisis at this very moment should look no further than this excerpt from Michael Krieger (hat tip ZeroHedge):
"Nothing has changed and absolutely nothing has been accomplished..."
Original Post: November 3rd 2011 Stock Market Recap
November 2nd 2011 Stock Market Recap
Nothing major for the market today as Greece remains in focus with its lack of support for the latest band-aid which includes a 50% haircut to bond holders. Mastercard (MA) beat earnings and jumped 7% to close at fresh 52-week highs but that's about the extent of the excitement. Volume was light across the board.
Original...
October 31st 2011 Market Recap
The market retraced some of its steps today as questions surrounding Europe's plan began to unravel.
The S&P 500 lead the declines with a -2.47% showing. Volume was lighter across the board.
Original Post: October 31st 2011 Market Recap
October 27th 2011 Market Recap + 26 Stocks to Watch
A massive session for the market as Europe has come to an preemptive agreement to patch its crisis for atleast another year. This coupled with unexpected GDP growth reported here in the US propelled the markets higher. Both the S&P 500 and NASDAQ closed up over 3% on big volume.
Original Post: October 27th 2011...
October 26th 2011 Stock Market Recap
With Europe hogging all the headlines today the market started shaky but rebounded late to end in the black. A lot of this upside movement seems to be all due to speculation that Europe is going to be finalizing a big 1 yr+ band-aid here soon. We'll see if the speculators are right.
Original Post:
October 25th 2011 Stock Market Recap with Amazon Miss
Tonight I have another earnings disappointment to highlight, and this one is from internet juggernaut Amazon (AMZN). Read the report but bottom line the stock is down over 12% after hours.
Original Post: October 25th 2011 Stock Market Recap with Amazon Miss
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