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Keyword: stock

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  • Microsoft to cut 18,000 jobs this year as it chops Nokia

    07/17/2014 8:35:02 AM PDT · by Scutter · 35 replies
    MSN ^ | 7/17/2014 | Bill Rigby
    SEATTLE (Reuters) - Microsoft Corp will slash up to 18,000 jobs, or 14 percent of its workforce, this year as it almost halves the size of its newly acquired Nokia phone business and tries to transform into a cloud-computing and mobile-friendly software company. The larger-than-expected cuts, announced on Thursday, are the deepest in the company's 39-year history and come five months into the tenure of Chief Executive Officer Satya Nadella. He outlined plans for a "leaner" business in a public memo to employees last week.
  • Holy Cow! Steer on the Loose in West Baltimore Shot Dead by Police

    06/13/2014 5:25:23 PM PDT · by the OlLine Rebel · 46 replies
    WJZ TV (CBS) ^ | 6/13/14 | WJZ/Gigi Barnett
    BALTIMORE (WJZ)—West Baltimore looked a little like the Wild Wild West on Friday morning. A steer running through the streets of Baltimore catches the attention of drivers and police. This after it escaped from a city slaughterhouse.
  • A Fresh Word for "The OVERCOMER" [charismatic caucus]

    06/02/2013 9:11:30 AM PDT · by Jedediah · 2 replies
    The Joshua Chronicles , Bible ^ | 6-2-2013 | Jedediah
    You are my chosen in whom I have found , Loyalty that abounds , Eager and ready to do MY will , A vessel in which the heavens I fill , To whom "has" been given ALL Autority , To take back land and break the neck of the enemy , There is no wall or boundary around , You can not take down , A "Mighty LOYAL" woven into , My Tapestry and Kingdom ready to do , Whatever I ask whenever it is , You do My business for ALL of My kids , So continue on for...
  • Will Groupon Be The Next Great Comeback?

    01/29/2014 11:28:15 AM PST · by publius321 · 12 replies
    SeekingAlpha.com ^ | Scott Ryan
    "...The timed sales aspect is an impetus to get consumers to act more quickly but that alone is not what makes Groupon successful. It is a necessity more than anything and not the reason why consumers are there in the first place. What I believe is the key to Groupon's success is that many consumers, myself included like ..." (continued)
  • Venezuela About To Run Out Of Food Despite Fresh All Time High In Its Stock Market

    01/22/2014 7:17:36 PM PST · by mykroar · 17 replies
    ZeroHedge ^ | 1/22/2014 | Tyler Durden
    Venezuela can be proud: while the US stock market has gone exactly nowhere in 2014, the Caracas stock exchange of the socialist paradise has continued kicking ass and taking names, just today printing a fresh all time high.
  • SPIRIT LED

    01/16/2014 5:43:07 PM PST · by Jedediah · 2 replies
    The Joshua Chronicles , Bible ^ | 1-16-14 | Jedediah
    My augmentation is "purely" spirit led and guided every step of the way FOR MY WORD IS IN YOU , nothing lacking or missing FOR I AM THE WORD AND THE SPIRIT so do not be anxious that something is missing FOR I AM WITH YOU and will "never" forsake you and this is why I AM your Yes and Amen to all you do in and through Me! Acts 17:27-29 Amplified Bible (AMP) 27 So that they should seek God, in the hope that they might feel after Him and find Him, although He is not far from each...
  • Curious Timing for GM Dividend Announcement

    01/16/2014 1:58:52 PM PST · by jazusamo · 4 replies
    NLPC ^ | January 16, 2014 | Mark Modica
    The internet was ablaze Tuesday evening with stories presenting a perceived positive move by General Motors' outgoing government-appointed management. All hail! "General Motors to pay first dividend since 2008," trumpeted the headlines. GM shares immediately spiked up in after-hours trading with shares rising about $1.60 or 4% on the news. Unfortunately for those duped by the proclamation, GM followed the story hours later with a profit warning. For the time being, the bad news outweighed the good with GM shares reversing course and ending the day Wednesday with a loss of over one and a half percent on a day...
  • Gov. Jerry Brown's budget tries to tame wild capital gains

    01/09/2014 11:53:13 PM PST · by A CA Guy · 5 replies
    The Los Angeles Times ^ | 01/09/2014 | Jon Healey
    Hey Wall Street, California owes you one. The prolonged bull market has produced two banner years for (stock Market) capital gains in the state, with an even better year expected in 2014. The result has been surging capital gains tax revenues, which account for all of the surplus projected by Gov. Jerry Brown for the coming year.
  • Why Almost Free May Be Better Than Free In Consumer Reviews

    "Having been early to the party of Angie's List (ANGI) short sellers, I would be remiss not to update readers to the fact that I changed my outlook for the company. In my columns spanning over the course of a year, my issues with Angie's List were not so much with its business model but with the valuation. I did not believe their subscription model would justify the market cap. Most consumers prefer FREE and the number of those who would pay an ongoing annual subscription of $50 is naturally far less than the 80 million visitors a month who...
  • Insider Selling At Yelp Is A Non-Issue

    Insider selling in Yelp (YELP) was identified as a concern in a recent SeekingAlpha.com article. In the comment section it was put forward by an apparent Yelp skeptic that these executives could stop the automatic selling in their 10b5-1 trading plans if they really felt the stock is undervalued. In reply, a Yelp defender pointed out that it is "very typical, insider selling at this point... People sell for all kinds of reasons, buying a house, sending kids to college, taking deserved profit to diversify holdings." Indeed one can say there has been significant selling in Yelp but only by...
  • Yelp Is To Angie's List What Facebook Was To Classmates.com

    "Once upon a time when the Internet was new, a chat room on AOL would have been the closest thing to "Social Media". Then suddenly there came a promising website called classmates.com. The web domain was user friendly, easy to remember and made it clear what the visitor should expect. Over a period of years from the late 1990s into the middle 2000s, Classmates grew at a steady pace. It got to a point where one could find many of their old friends on there. The members were easily in the millions, if not tens of millions and they were...
  • Media Fail: Smith & Wesson Stock, Sales Soar

    06/14/2013 9:29:50 PM PDT · by servo1969 · 17 replies
    Breitbart.com ^ | 6-14-2013 | John Nolte
    Gun maker Smith & Wesson hit a revenue record during their last fiscal year, which ended April 30. Preliminary numbers show that sales were up 43% over the previous year and hit $580 million. CNN Money reports that, "Earnings were a record $1.22 a share, up from 40 cents a share in the prior fiscal year." It is hard to judge who Smith & Wesson should thank most: Gun-grabber President Obama, murdered-child-exploiter Piers Morgan, or insufferable-sell-out Joe Scarborough.
  • If Books Are Dead, Why Is Barnes & Noble Stock So Hot?

    06/01/2013 5:00:13 AM PDT · by SeekAndFind · 21 replies
    Fiscal Times ^ | 06/01/2013 | By SUZANNE MCGEE
    The doors of New York’s Javits Center swung open wide this morning to welcome thousands of booksellers, publishers, librarians, authors and their agents at the annual jamboree known as BookExpo. Almost certainly, the event will resurrect the seemingly endless debate over e-books and the future of reading. While Barnes and Noble (NYSE: BKS) and its Nook e-book division may not be among this year’s exhibitors, the book industry headlines that likely will hit the papers in the coming days should prompt investors to consider the many risks that hover over the book retailing giant’s head, especially given that the stock...
  • Big Business + Government: Why Wall Street records don’t mean happy days are here again…

    05/07/2013 4:17:33 PM PDT · by Starman417 · 5 replies
    Flopping Aces ^ | 05-07-13 | Vince
    On Friday, the stock market, driven by record profits and a better than expected jobs report, - not to be confused with a good one - closed at its all time record high. Closing at 1,614, the S&P 500 closed up 148% from the low it reached in 2009. Not bad given that the economy is up a paltry 5.5% over that same period. Already the markets are up over 10% since the beginning of the year. There are a number of reasons for this. One is the fact that the 500 companies represented the index have been reporting strong...
  • The Basic Business Sense Netflix Bears Refuse To Grasp

    "The borderline acrimonious columns on Reed Hastings and Netflix seem to be approaching their January levels. One only need scan the NFLX headlines for the past week for some samples of writers demonstrating their emotional involvement. I'm not going to focus on the personal jabs but when one single column contains "charade"... "dog & pony show" "glorified bootlegger" "that's typical Hastings"... "creepy" - to describe Hastings and/or Netflix - maybe someone is getting frustrated. To address the fundamental arguments in the..." (continued)
  • Is the Stock Market about to Tumble?

    04/08/2013 6:03:47 PM PDT · by grumpa · 13 replies
    Off Grid Blog ^ | April 8, 2013 | Off Grid Blogger
    The Dow Jones Industrial Average reached a high last week of 14,684. Let’s consider the reasons for optimism and for pessimism about the stock market from here. REASONS THE MARKET MIGHT GO HIGHER: •The Fed is keeping interest rates so low that it is forcing investors to buy stocks (and real estate) to try to get a return on their money. The Fed has said that this will continue until the unemployment rate gets to around 6.5%, which could be many months from now in the best scenario. This intervention into the markets could theoretically overwhelm the negatives and propel...
  • Apple's Stock Price Is Still Dropping

    03/30/2013 5:19:39 AM PDT · by SeekAndFind · 1 replies
    Minyanville ^ | 03/30/2013 | By Sterling Wong
    Whether it’s because of product fatigue, a botched Maps application launch, or increased competition from rivals like Samsung (PINK:SSNLF) and Google (NASDAQ:GOOG), Apple (NASDAQ:AAPL) has found it increasingly difficult to please its shareholders. Since hitting an all-time high of $702.10 in September, Apple shares have slid some 35%. The drop is worse when you consider that the Nasdaq (INDEX NASDAQ:.IXIC) has risen 2.32% while the Dow (INDEX DJX:.DJI) has gained almost 7% in the same time period. One USA Today columnist has even said that Apple’s reign over the tech world “may be over.” “[Apple’s] phone market, tablet market, and...
  • Warning: The Stock Market Panic Button Is About to Be Pushed (reducing deficits means inflation)

    11/09/2012 11:14:19 AM PST · by ExxonPatrolUs · 14 replies
    MinyanVille ^ | 11-9-2012 | Anthony M. Cherniawski and Janice Dorn
    In October, we published two articles suggesting that there might be a stock market panic in October.  We were early.  Whether the delay in the potential market panic was due to organic reasons, such as the excitement leading up to the November election, or some other factor is beyond the scope of this article. On Thursday, November 8,  the lower trendline of the Orthodox Broadening Top was breached.  In addition, The Dow, Wilshire 5000, Nasdaq, Russell 2000, and S&P 500 all closed beneath their respective 200-day moving averages.  You might say that the stock market panic button is about to...
  • U.S. stocks end worst week in four months

    10/12/2012 2:27:29 PM PDT · by ExxonPatrolUs · 2 replies
    MarketWatch ^ | 10/12/2012 5:00:07 PM
    ..."We’re all waiting on Spain now," said Bill Stone, chief investment strategist at PNC Asset Management Group, of persistent speculation over if and when the debt-strapped nation would ask for a financial bailout — a prerequisite for the European Central Bank to purchase its debt and help lower its borrowing costs... "We got a little help from earnings season so far,” added Stone... But Wall Street gains were limited, with October so far proving to be a lackluster month for U.S. equities... "In the U.S., there’s the fiscal cliff and election to deal with, and on the European side, they...
  • Should I sell or hold my Apple stock?

    08/07/2012 5:10:56 PM PDT · by moonshot925 · 47 replies
    vanity | 7 August 2012
    I bought 750 shares of Apple in April 2004 at $14/share. I now have 1,500 shares because it split in February 2005. Apple is now $620/share. Apple is now paying quarterly dividends of $2.65/share.
  • General Motors: Obamacare Wrapped in Solyndra Inside Some Misery

    08/03/2012 4:16:35 AM PDT · by Kaslin · 20 replies
    Townhall.com ^ | August 3, 2012 | John Ransom
    General Motors, the auto company that vice president Joe Biden likes to claim Obama saved singled-handedly during the virgin birth after which the One was swaddled in a manger, is facing a class action lawsuit for making “materially false and misleading” claims in the prospectus for the new issue of stock it offered as it moved out of bankruptcy in late fall 2010. A statement issued by the law firm representing the class “alleges that the defendants misrepresented and/or failed to disclose that: (1) GM was predicting revenue based on production rather than actual sales; (2) the Company falsely assured...
  • GM Stock Hits New Lows, Company in Turmoil

    07/30/2012 2:48:15 PM PDT · by Nachum · 29 replies
    Breitbart ^ | 7/30/12 | Ben Shapiro
    Remember that vaunted General Motors recovery ushered in by President Obama’s bold bailout program? Well, not so much. In June 2009, GM filed for Obama-managed bankruptcy, costing the taxpayer some $50 billion. The vast majority of that cash was never paid back by GM. In November 2010, GM issued a new initial public offering at a price of $33 per share. Today, GM stock is trading at approximately $19.36, down about 40% from its initial price. And the executive turmoil in the company is reaching fever pitch. Opel, a majority-owned subsidiary of GM, dumped CEO Karl-Friedrich Stracke about two weeks...
  • THC, HMA, OREX, HCA, LNCR-Unusual Volume (h'care stocks +unusual pre-decision trades)Read more:

    06/29/2012 4:31:32 PM PDT · by STARWISE · 8 replies
    The Stock Market Watch ^ | 6-28-12 | Alex Fredericks
    We have found the following stocks had unusual volume spikes on Thursday, June 28, 2012. Tenet Healthcare Corp. (NYSE:THC) had a 86.9% volume spike trading 40,717,900 shares. THC’s 30-day average volume is 5,335,410. Shares closed at $5.25 +6.71%. Tenet Healthcare Corporation is an investor-owned health care services company whose subsidiaries and affiliates mainly operate acute care hospitals, ambulatory surgery centers, diagnostic imaging centers and related health care facilities. Health Management Associates (NYSE:HMA) had a 86.1% volume spike trading 24,950,900 shares. HMA’s 30-day average volume is 3,461,860. Shares closed at $7.49 +11.79%. Health Management Associates, Inc and its subsidiariesprovide health care...
  • Stock trades may show Obamacare leak from Supreme Court

    06/28/2012 9:35:24 PM PDT · by Nachum · 10 replies
    Daily Caller ^ | 6/28/12 | Neil Munro
    The Supreme Court’s stunning rejuvenation of the Obamacare mandate into a new tax didn’t leak to Washington D.C. insiders — but it appears that it may have leaked to yet-unknown Wall Street investors. In a brief 10-minute period starting at 9:32 a.m., the stock value of the nation’s largest hospital chain, HCA Holdings Inc., jumped from $26.81 per share to $27.53 as bidders bought several hundred thousand shares before the court made its announcement just after 10 a.m. The bidders who snatched up shares before the announcement made a gain of roughly $2 a share once the price rose again...
  • Wealth implosion: It's not just housing

    06/21/2012 6:18:04 AM PDT · by TigerLikesRooster · 52 replies
    CNN Money ^ | 06/19/12 | Tami Luhby
    Wealth implosion: It's not just housing By Tami Luhby @CNNMoney June 19, 2012: 2:32 PM ET NEW YORK (CNNMoney) -- Americans' net worth collapsed in recent years, but don't blame the housing market for it all. A CNNMoney analysis of new Census Bureau data shows that if you strip out the effects of the housing collapse, median household net worth still fell by 25% between 2005 and 2010. The decline was driven largely by the plummeting stock market, which devastated Americans' portfolios and retirement accounts. Overall, median household net worth declined 35% to $66,740 in 2010. The median worth of...
  • General Motors Still a Risky Bet for Retail Investors

    06/08/2012 9:47:37 AM PDT · by jazusamo · 6 replies
    National Legal & Policy Center ^ | June 8, 2012 | Mark Modica
    The new General Motors will be turning three years old in early July. GM's rocky childhood has given evidence to what disadvantage small investors are at when it comes to making educated equity investment choices. Let's look at some of the lessons to be learned from one of history's largest busted IPOs (along with the recent Facebook debacle) and consider the current underreported risk factors. Let's start by realizing that the single best indicator of how "successful" and healthy a publicly traded company is would be the company's stock performance. Professional money managers and those that control the majority...
  • Are Stocks About to Repeat Their Summer Horror Show?

    06/04/2012 8:55:31 AM PDT · by TigerLikesRooster · 15 replies
    CNBC ^ | 06/03/12 | Patti Domm
    Are Stocks About to Repeat Their Summer Horror Show? Published: Sunday, 3 Jun 2012 | 7:19 PM ET By: Patti Domm CNBC Executive News Editor Like the third sequel to a summer horror movie, stocks are set up for another summer selloff amid fears that the U.S. economy will slide back into recession. “In the last two summers, the final nail in the equities coffin, the thing that pushed it was a double dip scare. We do think the market is going to increase expectations of that in the coming week,” said Barry Knapp, head of U.S. equity portfolio strategy...
  • Senate panel to launch review of Facebook IPO

    05/23/2012 11:32:12 AM PDT · by US Navy Vet · 16 replies
    foxnews.com ^ | May 23, 2012 | AP via Foxnews
    A Senate panel is reviewing Facebook's high-profile stock offering last week amid allegations that the bank handling the IPO may have provided select clients with a negative assessment of the company. A Democratic aide to the Senate Banking Committee says the panel wants to learn more about the initial public offering. The committee seeks briefings with representatives of Facebook, regulatory agencies and others. The aide spoke on condition of anonymity because the committee's planned inquiry hasn't been publicly announced. Regulators are examining whether Morgan Stanley, the lead underwriter for the IPO, selectively informed clients of an analyst's negative view of...
  • Short sellers lining up to bet against Facebook

    05/23/2012 12:30:10 PM PDT · by C19fan · 12 replies
    Reuters ^ | May 23, 2012 | Edward Krudy and Alistair Barr
    Short sellers desperate to bet against Facebook shortly after its debut on public markets are now getting their chance. Shares of the much-anticipated IPO have fallen sharply since they opened at $42.05 on Friday amid an initial flurry of trading problems at the Nasdaq and after news that top underwriters cut their revenue estimates just days before the offering. Yet, short sellers are still eager to bet against the stock given its lofty valuation.
  • BOMBSHELL: Facebook Bankers Secretly Cut Forecasts For Company In Middle Of IPO Roadshow

    05/22/2012 6:40:24 AM PDT · by SeekAndFind · 12 replies
    Business Insider ^ | 05/22/2012 | Henry Blodget
    And now comes some news about the Facebook IPO that buyers deserve to be outraged about. Reuters Alistair Barr is reporting that Facebook's lead underwriters Morgan Stanley, JP Morgan, and Goldman Sachs, all cut their earnings forecasts for the company in the middle of the IPO roadshow. This by itself is highly unusual (I've never seen it during 20 years in and around the tech IPO business). But, just as important, news of the estimate cut was passed on only to a handful of big investor clients, not everyone else who was considering an investment in Facebook. This is a...
  • Stock futures hit after European elections

    05/06/2012 6:29:24 PM PDT · by Libloather · 17 replies
    Yahoo ^ | 5/06/12
    Stock futures hit after European electionsReuters – 1 hr 29 mins ago NEW YORK (Reuters) - Stock index futures fell after Greek voters trounced ruling parties in elections on Sunday, a result that put the country's future in the euro zone at risk, and as Socialist candidate Francois Hollande won the French presidency. S&P 500 futures were down 12.3 points at 1,350.20 at 7:35 p.m. EDT (2335 GMT), suggesting a fall of about 1 percent when the U.S. stock market opens on Monday.
  • Bank of America Stock Price Drops Like A Rock After McMillan Firearms Manufacturing Boot Out

    04/22/2012 10:21:38 AM PDT · by .454Puma · 13 replies
    Transsylvania Phoenix | 04/22/2012 | Transsylvania Phoenix
    Take a look at what happens with BofA stock starting with April 19th. The power of the Internet!
  • Photography pioneer Kodak files for long-expected bankruptcy

    01/19/2012 10:12:19 AM PST · by Red Badger · 25 replies
    LA Times ^ | January 19, 2012, 9:02 a.m | By Tiffany Hsu
    Eastman Kodak Co., a vanguard name in photography, finally filed for Chapter 11 bankruptcy Thursday following falling sales and rising speculation about its ability to stay afloat. The long-anticipated announcement came after weeks of early eulogies about the faded glory of the former trailblazer, once an American mainstay with products such Kodachrome photographic film and Instamatic cameras. But printed photos seem well on their way to becoming a hipster curiosity as digital technologies -- which originated at Kodak decades ago -- now dominate on smartphones and, to a shrinking degree, cameras. The company, which was also exposed to heavy foreign...
  • Notre Dame football legend "Rudy" charged in alleged pump-and-dump stock scheme

    12/20/2011 5:12:09 AM PST · by Libloather · 28 replies
    NJ.com ^ | 12/16/11
    Notre Dame football legend "Rudy" charged in alleged pump-and-dump stock schemeUpdated: Friday, December 16, 2011, 4:36 PM Daniel Ruettiger, the former walk-on football player at the University of Notre Dame who inspired the 1993 film “Rudy,” agreed to pay $382,000 to resolve U.S. regulatory claims he defrauded investors in his sports-drink company by touting fake taste tests and sales. Ruettiger and 12 others generated more than $11 million in illicit profits by artificially pumping up the stock of Rudy Nutrition, the firm Ruettiger founded, the SEC said in a complaint filed today at U.S. District Court in Las Vegas. The...
  • Congress: Trading stock on inside information?

    11/13/2011 5:15:19 PM PST · by Morpheus2009 · 34 replies
    CBS News' 60 Minutes ^ | November 13, 2011 | Steve Kroft
    (CBS News) Washington, D.C. is a town that runs on inside information - but should our elected officials be able to use that information to pad their own pockets? As Steve Kroft reports, members of Congress and their aides have regular access to powerful political intelligence, and many have made well-timed stock market trades in the very industries they regulate. For now, the practice is perfectly legal, but some say it's time for the law to change.
  • Stocks head for big losses

    11/09/2011 4:33:56 AM PST · by TigerLikesRooster · 6 replies
    CNN Money ^ | 11/09/11
    Stocks head for big losses NEW YORK (CNNMoney) -- U.S. stocks headed for a big drop at Wednesday's open after Italy's key bond rate rose above a critical 7% level -- a sign that Prime Minister Silvio Berlusconi's pledge to step down failed to calm world markets. The Dow Jones industrial average (INDU), S&P 500 (SPX) and Nasdaq (COMP) futures fell more than 2%. Stock futures indicate the possible direction of the markets when they open at 9:30 a.m. ET. Berlusconi's departure could come as late as the first week of December, after a final vote on the budget. And...
  • FTSE, DAX, CAC to Open Sharply Lower

    10/04/2011 5:06:55 AM PDT · by TigerLikesRooster · 3 replies
    CNBC ^ | 10/04/11 | Antonya Allen
    FTSE, DAX, CAC to Open Sharply Lower Published: Tuesday, 4 Oct 2011 | 1:35 AM ET By: Antonya Allen Assistant Editor, CNBC.com European stocks were expected to open lower on Tuesday after falling to their lowest close in a week on Monday with banking stocks among the biggest losers following an admission by Greece that it will miss its deficit targets for the year. The FTSE [.FTSE 4910.32 -165.18 (-3.25%) ] is called 100 points lower, while Germany's DAX [.GDAXI 5181.08 -195.62 (-3.64%) ] is expected to open 114 lower and the CAC 40 [CAC40 2839.20 -87.63 (-2.99%) ]in France...
  • Stocks Open to Trap Door at Bell........

    09/22/2011 6:49:49 AM PDT · by Red Badger · 64 replies
    http://moneycentral.msn.com ^ | 22 SEP 2011 | sTAFF
    DJI 10,808.87 Down -315.97 -2.84%
  • Questions about Investments: Roth 401K and Roth IRA

    09/14/2011 6:45:12 AM PDT · by wrhssaxensemble · 11 replies
    I am 26 and recently graduated from school. For the past almost 2 years I have been running a 401k with the tiny percentage of money I can afford to put into it with the full expectation that Social Security won't be around when I'm eligible for it, regardless of the fact I've had to pay into it. I find it really scary how many people I know around my age that aren't saving at all. At first my work only offered a regular 401 so I put in slightly above the % for employer matching. Then they offerred a...
  • U.S. stocks open sharply lower; Rule 48 invoked

    09/06/2011 6:45:47 AM PDT · by TigerLikesRooster · 32 replies
    Market Watch ^ | 09/06/11 | Kate Gibson
    Sept. 6, 2011, 9:37 a.m. EDT U.S. stocks open sharply lower; Rule 48 invoked By Kate Gibson NEW YORK (MarketWatch) - U.S. stocks fell sharply Tuesday as worries about European debt and the U.S. economy intensified. The Dow Jones Industrial Average DJIA -2.31% fell 275.26 points to 10,965.00. The Standard & Poor's 500 Index SPX -2.51% shed 29.60 points to 1,144.37. The Nasdaq Composite Index COMP -2.18% declined 56.61 points to 2,423.72. /snip Markets invoked Rule 48 for the open, lifting a requirement calling for price indications that help determine the floor price at the start to smooth trade.
  • Tuesday's Market Preview Is Not Pretty: El-Erian

    09/05/2011 4:32:44 PM PDT · by TigerLikesRooster · 25 replies
    CNBC ^ | 09/05/11 | Mohamed El-Erian
    Tuesday's Market Preview Is Not Pretty: El-Erian Published: Monday, 5 Sep 2011 | 1:51 PM ET By: Mohamed El-Erian, CEO and Co-CIO, Pimco To state the obvious, it is shaping up to be a difficult return for U.S. markets after the Labor Day break as European stock plunge and the European Central Bank (ECB) loses some of the control it has been exercising on the Euro-zone's sovereign bond market. The best way to understand what is going on is through the following simplified sequence: banks-sovereigns-policies. Specifically: · Banks stocks led the debacle on European bourses Monday, with drops of some...
  • Asian markets slammed in global selloff(very ugly end to the week?)

    08/18/2011 6:47:20 PM PDT · by TigerLikesRooster · 20 replies
    AFP ^ | 08/18/11 | Yoshikazu Tsuno
    Asian markets slammed in global selloff By Yoshikazu Tsuno | AFP – 1 hour 17 minutes ago. Asian stock markets early Friday caught a global selling fever after new warnings of world recession coupled with fears that rapid-fire growth in China is set to slow down. Investors in Tokyo, Seoul and Sydney picked up on the mounting anxiety evident in the United States and Europe, where fresh carnage ripped across the markets on Thursday. "The bears returned aggressively overnight as very disappointing US economic data and fears over the stability of European banks had traders reaching for the sell button,"...
  • Belgium, France, Italy, Spain Overrule European Regulator, To Impose Standalone Short-Selling Bans

    08/11/2011 4:34:00 PM PDT · by tcrlaf · 3 replies
    Zero Hedge ^ | 8-11-11 | Tyler Durden
    Stop the presses. Barely did we have time to report that European regulators failed to impose a coordinated short selling ban, that Bloomberg reports that the countries most impact by the market plunge are about to impose standalone short-selling bans. These are Belgium, Italy, Spain and France. In other words, it really is on and the 2008 Lehman PTSD flashbacks may now resume. Until we get a headline that says it isn't. The rescue of the Borsa Italian is now more schizophrenic than that of Greece. As a reminder, in the previous post the FT quoted Abraham Lioui, a professor...
  • Stocks Drop 4%, Dow Skids 500, Led by Banks

    08/10/2011 1:29:28 PM PDT · by tcrlaf · 85 replies
    CNBC ^ | 8-10-11 | Jeeyoen Park
    Stocks finished near session lows in choppy trading Wednesday, with the Dow and S&P wiping out all of the previous session's gains led by financials, as investors continued to cautiously monitor developments in the European banks. The Dow Jones Industrial Average finished down over 500 points, wiping out the previous session's 429-point rally. The blue-chip index has had triple-digit moves in four of the last five trading days. The S&P 500 and Nasdaq also finished sharply lower. The CBOE Volatility Index, widely considered the best gauge of fear in the market, soared more than 25 percent.
  • South Korea Shares Pounded By Morning Selling; Kospi Falls 9.9%

    08/08/2011 8:58:56 PM PDT · by TigerLikesRooster · 16 replies · 1+ views
    WSJ ^ | 08/08/11
    South Korea Shares Pounded By Morning Selling; Kospi Falls 9.9% SEOUL (Dow Jones)--South Korean shares were hammered by waves of selling Tuesday morning, driving the main Kospi stock index down as much as 9.9% and prompting the market operator to briefly suspend program trading. Selling dragged down most of the market, with banks and brokerages particularly hard hit. A surge of sell orders from foreign investors was the main driving force behind the selloff. At 0250 GMT the Kospi was down 8.4%. The market is in "panic" and "making any kind of comment would be meaningless...people are throwing stocks away...
  • Asia shares nosedive as gold scales another peak

    08/08/2011 7:06:37 PM PDT · by TigerLikesRooster · 48 replies
    Reuters ^ | 08/09/11
    Asia shares nosedive as gold scales another peak (Reuters) - Asian stock markets nosedived on Tuesday and the Swiss franc held near a record high, as investors dumped riskier assets in a global rout triggered by fears that political leaders are failing to tackle debt crises in Europe and the United States. Major indexes across the region fell between 2 and 5 percent, following drop of more than 6 percent on Wall Street in the first trading session since the historic downgrade of the United States' AAA credit rating by Standard & Poor's. The panicked flight-to-safety pushed gold to the...
  • Asia stocks plunge to join in global rout(off by 4~5%)

    08/05/2011 12:45:34 AM PDT · by TigerLikesRooster · 14 replies
    Market Watch ^ | 08/04/11 | Sarah Turner
    Asia stocks plunge to join in global rout By Sarah Turner, MarketWatch SYDNEY (MarketWatch) — Asian shares nose-dived on Friday, joining in a global rout fueled by heightened debt and economic-growth fears, with energy and financial stocks among the worst performers. In Hong Kong, the Hang Seng Index (HSI:HK:HSI) fell 4.9%, while the Shanghai Composite index (SHA:CN:000001) dropped 1.7%. Japan’s Nikkei Stock Average (TYO:JP:NIK) closed the day down 3.7%, while Australia’s S&P/ASX 200 index (ASX:AU:XJO) ended with a 4% loss. South Korea’s Kospi (KRX:KR:0100) dropped 3.6%. “A complete crisis of confidence has emerged in the market,” said Toby Lawson, head...
  • S&P 500, Nasdaq, (and DOW) fall more than 4 percent

    08/04/2011 11:54:58 AM PDT · by NormsRevenge · 141 replies
    Reuters ^ | 8/4/11 | Caroline Valetkevitch
    NEW YORK (Reuters) - Investors fled stocks on Thursday, putting the S&P 500 into correction territory, as worries about the U.S. economy and European debt escalated. All three indexes were down 2 percent, having fallen more than 3 percent each at one point. Decliners beat advancers on the New York Stock Exchange by 14 to 1. "People are throwing in the towel because they can't find relief on any front. There are a lot of worries about the economy," said Milton Ezrati, market strategist at Lord Abbett Co. in Jersey City, New Jersey, which manages $110 billion in assets. The...
  • PRESENTING: The Ron Paul Stock Portfolio (What is the Fed's Nemesis Investing in Nowadays?)

    06/15/2011 2:10:49 PM PDT · by SeekAndFind · 7 replies
    Business Insider ^ | 06/15/2011 | Linette Lopez
    Well, this is predictable... Today members of Congress has to reveal their stock holdings. We were curious what anti-Fed, pro-gold Congressman Ron Paul held, and no surprise, he likes gold. Lots of it. Here are the stocks he owns. _____________________________________________________________________________________________________________________________________ Agnico Eagle Mines Alumina Common Anglo Gold Ashanti Ltd. BrigusGold Corp. Com MPV (formerly Apollo Gold Corp) Barrick Gold Corp. Claude Research Inc Coeur D'Alene Minds Corp. Gold Corp Inc El Dorado Gold Corp. IAM Gold Corp. Kinross Lexam Explorations Inc. Mag Silver Corp. Metalline Mining Co. Mutual Securities Inc. Newmont Mining Corp. Pan American Silver Petrol Oil and Gas...
  • Don’t Be A Dissatisfied Customer Of Goldman Sachs, Obama Might Just Light You Up

    06/01/2011 1:38:45 PM PDT · by Starman417 · 2 replies
    Flopping Aces ^ | 06-01-11 | Skookum
    The USS Stark (FFG 31) burns and lists to port on 18 May 1987, one day after the guided missile frigate was struck by two Iraqi-launched Exocet missiles. The attack killed 37 sailors The New Sovereign Investment Fund of Libya or of Colonel Qaddafi, there is no distinction in the money funds of Libya or Qaddafi, invested $1.3 Billion with Goldman Sachs; the bank used the funds on stock options at a variety of international banks and a collection of currency bets. Two years later, the Libyan fund had lost 98% of its value and was worth only $25.1 million....