Archive for the 'Economy' Category
Surprise: Fed May Print More Money
August 9th, 2011Via: Bloomberg: Federal Reserve officials may strengthen their commitment to record monetary stimulus as soon as today after a faltering economic recovery and a U.S. credit- rating cut provoked a rout in global stocks. By a 52 percent to 48 percent margin, respondents in a Bloomberg News survey said the Fed would ease policy this […]
ES TANKING AGAIN
August 9th, 2011Warning: This is not a recommendation to buy, sell or hold any financial instrument. Update: ESU11 riding higher on declining dollar. Up 2.4% now. — Update: ESU11 is now flat to up under 1% overnight. Something has changed with the dollar. It had been up over the last day, but over the last few hours, […]
SPOT GOLD CLEARS $1750
August 9th, 2011Warning: This is not a recommendation to buy, sell or hold any financial instrument. Update: $1771.82. It’s easing more than usual over the past 24 hours; probably going to define a harder pivot at $1746. — $1751.03
HANG SENG DOWN 6.6%
August 9th, 2011Market alert.
SOUTH KOREA HALTS PROGRAM TRADING
August 9th, 2011Via: Bloomberg: Program trading on Kospi shares was stopped for five minutes from 1:23 p.m. local time after Kospi 200 Index (KOSPI2) futures fell more than 5 percent for more than a minute, Korea Exchange Inc. said. Trading of shares on the Kosdaq, which has 1,030 stocks, was temporarily halted after the index tumbled in […]
DJIA 10,906 HOLDS OR THIS COULD GET WEIRD
August 8th, 2011Warning: This is not a recommendation to buy, sell or hold any financial instrument. Update: Close: DJIA 10,809.85 -634.76 (-5.55%) Nasdaq 2,357.69 -174.72 (-6.90%) S&P 500 1,119.47 -79.91 (-6.66%) — Update: DJIA: 10,840. — Update: DJIA back over 11,000 on probable PPT bounce. — Update: Bank of America down 18.25% [EMERGENCY???] — Update: Greece Bans […]
S&P 500 DOWN 5%
August 8th, 2011That is all.
NASDAQ DOWN 5%
August 8th, 2011That is all.
DJIA: Next Leg Down
August 8th, 2011Warning: This is not a recommendation to buy, sell or hold any financial instrument. The DJIA has been trying to find support around 11,070. This level has broken down.
AIG Is Suing Bank of America for $10 Billion
August 8th, 2011Via: New York Times: The American International Group is planning to sue Bank of America over hundreds of mortgage-backed securities, adding to the surge of investors seeking compensation for the troubled mortgages that led to the financial crisis. The suit seeks to recover more than $10 billion in losses on $28 billion of investments, in […]
