Retail ETF In Focus As Clothing Retailer Rue21 Files For Bankruptcy

From Tyler Durden: This time Fitch was right. One month ago the rating agency listed 8 retail names that were most likely to file for bankruptcy next, just over a month later 1 out of the 8 was down, when teen clothing retailer Rue21 filed a prepackaged bankruptcy on Monday night in bankruptcy court.
NYSE:XRT May 16, 2017 1:26pm

Corporations Are Defaulting On Their Debts Like It’s 2008 All Over Again

2008The Dow closed above 18,000 on Monday for the first time since July.  Isn’t that great news?  I truly wish that it was. 
NYSE:DIA April 19, 2016 12:16pm

Financial Crisis 2016: High Yield Debt Tells Us That Just About EVERYTHING Is About To Collapse

debtDid you know that there are more than 1.8 trillion dollars worth of junk bonds outstanding in the United States alone? 
NYSE:HYG February 15, 2016 12:12pm

The Oil Crash Of 2016 Has The Big Banks Running Scared

short-oil-etfLast time around it was subprime mortgages, but this time it is oil that is playing a starring role in a global financial crisis. 
NYSE:DIA January 19, 2016 12:54pm

Huge Trouble Is Percolating Just Under The Surface Of The Global Economy

economyDid you know that the number of publicly traded companies declaring bankruptcy has reached a five year high?  And did you know that Chinese exports are absolutely collapsing and that Chinese economic growth in 2014 was the weakest in over 20 years?
NYSE:DIA April 16, 2015 12:17am

The Collapse Of J.C. Penney Company, Inc. and Sears Holdings Corp

retail etfTwo of the largest retailers (NYSEARCA:XRT) in America are steamrolling toward bankruptcy.  Sears and J.C. Penney are both losing hundreds of millions of dollars each quarter, and both of them appear to be caught in the grip of a death spiral
NYSE:XRT January 16, 2014 6:48pm

Median Household Income Has Fallen For 5 Years In A Row

economyIf the economy is getting better, then why do incomes keep falling?  According to a shocking new report that was just released by the U.S. Census Bureau, median household income
NYSE:FAS September 17, 2013 8:06pm

14 Reasons The World Economy Is Getting Weaker

The United States is not the only one with massive economic problems right now.  The truth is that just about wherever you look around the globe things are getting even worse. 
NYSE:DIA September 27, 2012 11:20pm

Will The Student Loan Debt Bubble Damage Our Financial System?

Every single year, millions of young adults head off to colleges and universities all over America full of hopes and dreams.  But what most of those fresh-faced youngsters do not realize is that by taking on student loan debt they are signing up for a life of debt slavery. 
NYSE:SPY September 10, 2012 5:45pm

Recent Events: 4 Reasons To Be Less Optimistic About The Global Financial System (XLF, TZA, FAZ, SDS, SKF)

Michael Snyder: The cracks in the ice are getting bigger.  At this point it is really hard to have much confidence in the global financial system at all.  They told us that MF Global was an isolated incident.  Well, the horrific financial scandal over at PFGBest is essentially
NYSE:FAZ July 12, 2012 10:33am

Election Results: Greece Is Still Doomed And So Is The Rest Of Europe (GREK, EWP, EUO, EWG, VGK, FXE)

Michael Snyder: The election results from Greece (NYSEARCA:GREK) are in and the pro-bailout forces have won, but just barely.  It is being projected that the pro-bailout New Democracy party
NYSE:EWI June 17, 2012 11:17pm

Why Investors Need To Stay Away From These Stocks

Martin D. Weiss:  Major stock sectors are now in a race for the bottom.  These are stocks on a rendezvous with their lowest lows reached in the debt crisis of 2008-2009 … sinking back into the danger zone that came with red ink, bankruptcy, and financial ruin for millions of investors.
NYSE:DOG June 13, 2011 12:56pm

The Economic Data Is Better, But The Bears Are Patiently Waiting On The Sidelines!

bear-sittingFirst, April was not nearly as good as the bulls made it to be. Yes, the Dow Jones Industrial Average ($DJI) surged 5.5% during the first half of the month. But, in the second half, momentum slowed with the average rising just 1.7%. Even then, the statistics don't tell the whole story. From the Apr 16 close to the Apr 30 close, the Dow gained a mere 43 points, or 0.5%. That's a big difference in return for someone who bought the Dow Diamonds ETF (DIA) on Apr 16 instead of just a couple of weeks earlier. (DIA is an ETF that tracks the performance of the Dow.) Secondly, volume is not signaling a lot of conviction on the part of buyers. Throughout March, the SPDR S&P 500 ETF (SPY) experienced average volume of 400 million shares per day. In April, daily volume declined to 287 million shares. Yet, during this entire time, stocks have risen. And the higher they go, the more the rally is losing steam. That's not good. Thirdly, I'm worried about the banks. Yes, everyone passed the stress test, but it was a questionable test to begin with. Plus, Bank of America (BAC) and 9 others have lots of time to raise funds. But, foreclosures are still rising, credit card defaults will get worse and, despite all of the analysis, nobody still knows how to value the toxic assets. The government might keep the large banks afloat, but their stock prices and earnings could still suffer. And that alone would cause problems for the stock market. Not to mention that financial stocks (and related ETFs such as Financial Select Sector SPDR (XLF)) are overdue for a pullback based on technical analysis alone. Fourthly, as earnings season comes to an end, we should see fewer positive revisions to profit forecasts. The ratio of positive to negative revisions typically falls after earnings season, even during good times. I don't see any reason for this to change. A drop in positive revisions would be one less catalyst for stocks to go higher. Finally, the General Motors (GM) situation remains unresolved. If bankruptcy proceedings turn messy, it will cause a big disruption across the entire automotive industry. This, in turn, could create problems for the market. Full Story:  http://www.zacks.com/stock/news/20018/The+Economic+Data+Is+Better,+But...
NYSE:DIA May 8, 2009 4:57pm

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