Non-performing loans at Spanish banks rose to an 18-year high of 8.16% in February from 7.91% in December, reaching a total of €143.82B. The latest figures contrast with a rate that was below 1% in the years prior to the collapse of the property market, and will only exacerbate fears the banks, if not the government, will need a bailout. [View news story]
For some reason I have a feeling the market will continue to extend it's gains.. Spain will be fine, risk is still on..
Market recap: Stocks meandered through a lackluster session little changed, as investors hesitated to move ahead of tomorrow's monthly jobs report and the long holiday weekend. For the week, all three major averages posted their worst decline this year, as surging yields on Spanish debt added to eurozone worries. Losers slightly outnumbered gainers on the NYSE. [View news story]
Ha ha I just laughed out loud at you Berniespear you are a joke! S&P futures -1.2% good call on that one!
Market recap: Stocks meandered through a lackluster session little changed, as investors hesitated to move ahead of tomorrow's monthly jobs report and the long holiday weekend. For the week, all three major averages posted their worst decline this year, as surging yields on Spanish debt added to eurozone worries. Losers slightly outnumbered gainers on the NYSE. [View news story]
Fahrenreit 116. That's the temperature that was recorded by Consumer Reports when the new iPad was running games. The same testing found that the new iPad cooled down to 113 degrees if the charger was disconnected. (previous) [View news story]
omg! it runs 15 degrees hotter! Such a big deal! I think im going to blog about it! omg!
Long-dated Treasuries sell off following the release of Bernanke's prepared remarks, the 10-year yield jumping as high as 2.01%, now up 6 bps at 1.99% . Stocks sell off a bit as well, the S&P back to near flat on the day. Combine this with the dive in the euro and one would think markets were expecting a QE3 announcement today? [View news story]
The market has been expecting qe3 for over 6 months.. It's not coming the US of A is fine.
Market recap: Well, what better place can you put your money right now? With that prevailing sentiment, stocks continued to ease higher despite drops in durable goods orders and home prices. The Dow finished above 13K, and the S&P closed at its best level in nearly four years. Oil prices fell sharply for a second day; gold and silver rallied to multi-month highs. NYSE losers slightly led winners. [View news story]
After opening sharply lower, stocks turn positive for the session. S&P 500 +0.2%, Nasdaq +0.3%. The neck bone's connected to the collar bone though, and crude reverses as well - still down for the session, but up $1 from the lows at $109.22. USO -0.6%. [View news story]
Higher energy prices are taking a toll on Dow Theorists this month, helping to push the Dow transport index into a "triple-top" technical formation and signalling an extended selloff could be on the horizon. The fall in transport stocks has followed in lock-step with rise in crude oil over the past few weeks, and as the index once again tests the top of its range, technicians aren't seeing any charm in the move. [View news story]
I think we are in the beginning stages of a bull market however, does anyone think we are going to have one more significant pullback I can buy into? Im looking for a pullback in the dow to about 12k.. Currently, I only have 20% in the market because I feel like it's coming very soon, maybe even next week.. But I and am kicking myself for not being more invested in this current rally. Thoughts Tack? Advice?
President Obama is due to outline his FY 2013 budget later, when he will propose how to cut the deficit by $4T over 10 years. Obama wants to raise $1.5T through higher taxes, including with the "Buffett rule," whereby millionaires will pay a minimum rate of 30%. Obama is also seeking billions of dollars for infrastructure projects. [View news story]
Living within our means, having millionaires pay taxes, jobs and foreclosures are our problems ya idiot.. what do ya want him to talk about? Your hate is thick put some water in that shit.
"Whoever opposes the bailout doesn't belong in government," says Greek PM Papademos, reading a statement ahead of an emergency cabinet meeting. He warns default will cause social and economic chaos. Proving his sense of humor, he says the austerity program assumes a primary budget surplus of 4.5% this year, and economic growth returning in 2013. [View news story]
The paper work alone to secure the bailout money takes 6 weeks. They need to get a deal done as soon as possible so they can get the paper work started. They definitely do not have 6 weeks.
"I want to disabuse any notion there is a priority for maximum employment," over price stability, says Bernanke, responding to a Senator's question. The Fed chair offers little to add to last week, but stocks have turned green as the hearing progresses. DJIA +0.2%. Europe: Stoxx 50 rebounds from a 1% loss, now +0.1%. [View news story]
The market is obviously getting manipulated right now. This rally is fake and if you not smart about what your doing your going to get hit hard.
Weighing The Week Ahead: Time For A Breather? [View article]
Good article I agree with pretty much everything Jeff said. However, I disagree with the statement that Jeff believes there will not be another entry point. I think the Dow will retest the 12,000 level before rallying in the short term. There is still a lot of concern over Europe and any bad news that comes out will give the markets a knee jerk reaction. Also, everyone keeps saying there is progress in Europe. Greece still hasn't got a deal done and thats really the first country that faces default. If they do get a deal done, which I believe is in the best intrest for everyone, then it's on to the next one Pourtgal. It will be interesting to see how Feburary pans out but I think if your on the sidelines, I would wait for another entry point because theres bound to be another one in the short term (Feburary). Were not out of the woodwork yet.
Non-performing loans at Spanish banks rose to an 18-year high of 8.16% in February from 7.91% in December, reaching a total of €143.82B. The latest figures contrast with a rate that was below 1% in the years prior to the collapse of the property market, and will only exacerbate fears the banks, if not the government, will need a bailout. [View news story]
Market recap: Stocks meandered through a lackluster session little changed, as investors hesitated to move ahead of tomorrow's monthly jobs report and the long holiday weekend. For the week, all three major averages posted their worst decline this year, as surging yields on Spanish debt added to eurozone worries. Losers slightly outnumbered gainers on the NYSE. [View news story]
Market recap: Stocks meandered through a lackluster session little changed, as investors hesitated to move ahead of tomorrow's monthly jobs report and the long holiday weekend. For the week, all three major averages posted their worst decline this year, as surging yields on Spanish debt added to eurozone worries. Losers slightly outnumbered gainers on the NYSE. [View news story]
Market recap: Stocks fell broadly as economic concerns over China and Europe overshadowed a better-than-expected jobless claims report. Sectors most exposed to global growth, such as energy and materials, led losers. FedEx's dim outlook added to negative sentiment. Energy commodities and precious metals fell across the board. NYSE decliners topped advancers two to one. [View news story]
Fahrenreit 116. That's the temperature that was recorded by Consumer Reports when the new iPad was running games. The same testing found that the new iPad cooled down to 113 degrees if the charger was disconnected. (previous) [View news story]
Long-dated Treasuries sell off following the release of Bernanke's prepared remarks, the 10-year yield jumping as high as 2.01%, now up 6 bps at 1.99% . Stocks sell off a bit as well, the S&P back to near flat on the day. Combine this with the dive in the euro and one would think markets were expecting a QE3 announcement today? [View news story]
Market recap: Well, what better place can you put your money right now? With that prevailing sentiment, stocks continued to ease higher despite drops in durable goods orders and home prices. The Dow finished above 13K, and the S&P closed at its best level in nearly four years. Oil prices fell sharply for a second day; gold and silver rallied to multi-month highs. NYSE losers slightly led winners. [View news story]
After opening sharply lower, stocks turn positive for the session. S&P 500 +0.2%, Nasdaq +0.3%. The neck bone's connected to the collar bone though, and crude reverses as well - still down for the session, but up $1 from the lows at $109.22. USO -0.6%. [View news story]
On the hour: Dow +0.04%. 10-yr +0.02%. Euro +0.37% vs. dollar. Crude +0.66% to $108.55. Gold -0.43% to $1778.55. [View news story]
Higher energy prices are taking a toll on Dow Theorists this month, helping to push the Dow transport index into a "triple-top" technical formation and signalling an extended selloff could be on the horizon. The fall in transport stocks has followed in lock-step with rise in crude oil over the past few weeks, and as the index once again tests the top of its range, technicians aren't seeing any charm in the move. [View news story]
President Obama is due to outline his FY 2013 budget later, when he will propose how to cut the deficit by $4T over 10 years. Obama wants to raise $1.5T through higher taxes, including with the "Buffett rule," whereby millionaires will pay a minimum rate of 30%. Obama is also seeking billions of dollars for infrastructure projects. [View news story]
"Whoever opposes the bailout doesn't belong in government," says Greek PM Papademos, reading a statement ahead of an emergency cabinet meeting. He warns default will cause social and economic chaos. Proving his sense of humor, he says the austerity program assumes a primary budget surplus of 4.5% this year, and economic growth returning in 2013. [View news story]
"I want to disabuse any notion there is a priority for maximum employment," over price stability, says Bernanke, responding to a Senator's question. The Fed chair offers little to add to last week, but stocks have turned green as the hearing progresses. DJIA +0.2%. Europe: Stoxx 50 rebounds from a 1% loss, now +0.1%. [View news story]
Weighing The Week Ahead: Time For A Breather? [View article]
Weighing The Week Ahead: Time For A Breather? [View article]