A day after posting the best gains since mid-July, the Dow fell 2.5% to 9713 while the S&P 500 shed 2.8% and the Nasdaq declined 2.5%. The losses left the Dow essentially flat for the month wile the S&P and Nasdaq snapped their streaks of monthly
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Posted on October 31st, 2009 by
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Even with Friday’s dip, both oil and retail gasoline prices are near their highs of the year. The good news is energy prices typically peak around this time of year amid buying in anticipation of winter heating season.”Odds favor we’ll get a correcti
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Posted on October 31st, 2009 by
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Gold is likely to make a new inflation-adjusted high before its current bull move ends. That’s the word from Frank Holmes the man behind the Morningstar 5-star rated U.S. Global Investors Gold and Precious Metals Fund, which is up 33% in the past ye
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Contrary to the hysterical panic you hear about inflation these days, it’s actually not a problem, says the FT’s chief economics commentator Martin Wolf. Right now, the economy’s capacity utilization and bank lending are so low, that inflation isn’t
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America’s economy grew at an annual rate of 3.5% in the third quarter and stocks surged yesterday on the better-than-expected news. The IMF also raised its forecasts for Asia to 2.8% growth this year, 5.8% in 2010. It’s hard not to feel better about
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Posted on October 31st, 2009 by
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Remember last fall, when our government explained that the reason we needed to give $800 billion to Wall Street was so the banks could lend it back to us and shock the economy back to life again?That was a happy story!And we fell for it.What happened, of
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The dollar resumed its downward path Thursday, lending credence to the idea any rally in the greenback is doomed to be short-lived. Many believe the dollar is going to lose its reserve status and more extreme observers like Mark Faber say it’s on an inevi
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Highlights from the Thomson Reuters Investment Banking Scorecard:
BIGGEST EUROPEAN IPO SINCE MAY 2008
As part of a government privatisation program, Polska Grupa Energetyczna SA (PGE), an electric utility, raised $2.1 billion in an IPO on the Warsaw stock exchange this week. The offering marks the largest IPO from a Polish company on record and the biggest […]
Posted on October 30th, 2009 by
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