There is very little to add to the overall picture after yesterday’s action. The market came within 16 cents of adding confidence to the bear count, but did not. The action yesterday now forces me to give a slight edge t…
The Yale School of Management regularly surveys individual and institutional investors on their stock market crash confidence. Specifically, they ask the survey taker how confident he/she is that the there won’t be a stock market crash within the ne…
January 6, 2012
A Historical Cycle Bodes Ill for the Markets
By FLOYD NORRIS
AT the turn of the last century, it was widely accepted that American stocks were virtually certain to be good long-term investments. Now, far fewer people are confident of…
NOTE: Friday’s regular stock market update is posted just below.
I was just expanding my crude oil charting, and it looks as though crude may be within a couple dollars of the Wave C of (ii) top. This is, of course, assumi…
Earlier we laid out the hot buzz about what’s happened to the economy over the last few months.
It goes like this: The debt ceiling fight caused a major confidence shock, prompting some dreadful market performance and economic data to come out in A…
EU leaders are actively looking for ways recapitalize European banks in a coordinated plan, according to an FT report. Finance ministers concluded that banks are suffering from funding concerns and that markets will need to be convinced they can withs…
The House of Representatives rejected a measure to fund the government into the next fiscal year, setting the stage for a government to shut down on October 1 if lawmakers do not act.
The continuing resolution failed by a vote of 195-230, as most …
Japan’s lost decade: still a risk for U.S. conomy
On Monday September 19, 2011, 10:59 am
By Steven C. Johnson
NEW YORK (Reuters) – As the U.S. conomy slouches toward another recession and confidence in policymakers erodes, investors are coming to gri…
It’s Over. European banks will shut their doors.
Seriously.
There is persistent chatter about a Greek default over the weekend, which Greece denied, but the denier refused to be named. If it’s not true, then put your damned name on the statement or …
Philadelphia-Area Manufacturing Contracts Most Since 2009
August 18, 2011, 10:59 AM EDT
By Alex Kowalski
Aug. 18 (Bloomberg) — Manufacturing in the Philadelphia region unexpectedly contracted in August by the most in more than two years as orders…