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Stoyan Bojinov: Back-and-forth trading was the dominant theme yesterday as investors digested Ben Bernanke’s testimony before congress along with quarterly corporate performance results. Selling pressures kicked off the day as anticipation surrounding Read more…
Stoyan Bojinov: Stocks endured another day in red territory as weaker-than-expected corporate performance results on the homefront took their toll on investors’ confidence. Industry bellwethers, including auto giant Ford, are taking a hit on bottom line revenues Read more…
Jeff Nielson: On the same morning we hear that ¼ of Wall Street executives think that fraud is a necessarypart of “doing business” in the financial sector, we hear of a second “MF Global”. The U.S.’s so-called regulators are now reporting that somewhere Read more…
Futures are up a bit as yesterday, as we had a huge travel range from yesterday’s morning high to the close. There are, however, some pretty ugly candles after the IBD put the overall market back under pressure. Many momentum leaders are starting to Read more…
Michael Snyder: We always knew that the financial markets were rigged, but this is getting ridiculous. It is now being alleged that 20 major banks have been systematically fixing global interest rates for years. Barclays has already been fined Read more…
Feels almost like déjà vu. Last year I was in the Hamptons, and there was a surprise short squeeze that happened over the quarter’s end and into the July 4th holiday, right at this same time. It’s never fun, especially if you’re with the family trying to Read more…
Jeff Nielson: There is more outrageous news out concerning the Western banking cabal, the crime syndicate otherwise known as our financial sector. The news was not that these banksters have openly admitted that they willingly/gleefully participated Read more…
The New York Times stunning announcement that JPMorgan’s (NYSE:JPM) trading loss from risky bets at their chief investment office in London could reach $9 billion is by far the most surprising negative headline this morning, but there are many other negative headlines to consider. The yield on Read more…
Diane Alter: Late science fiction writer Ray Bradbury wasn’t referring to investors when he said, “you’ve got to jump off cliffs all the time and build your wings on the way down,” but he might as well have been referring to the upcoming fiscal cliff in 2013. Read more…
Joseph L. Shaefer: If I am doing right by our clients, subscribers, and online readers, it is my responsibility to advise what in my opinion should be avoided, as well as that which should be considered. Read more…
Italian short term yields continue to rise and Spain hasn’t been pretty, but stocks rose in Europe and Asia for the first time in five days. There is some speculation that China will inject stimulus in Europe, and some diminished hopes that Read more…
Ron Rowland: JPMorgan Chase (NYSE:JPM) announced that one day soon it intends to halt new note creation for the JPMorgan Alerian MLP ETN (NYSEARCA:AMJ). Read more…
Diane Alter: Moody’s ratings agency issued five U.S. bank downgrades Thursday and a total of 15 cuts for global institutions, but markets shook off the news. Read more…
Shah Gilani: The markets are rallying, again. Will this time be different? Or is this just another head fake? The truth is the current rally is not surprising given what’s coming out of the G20 meeting, what’s likely to come out of the Fed’s Open Market Read more…
Michael Snyder: The summer of 2012 is shaping up to be very similar to the summer of 2008. Things look incredibly bleak for the global economy right now. Read more…
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