Early profit taking? Sudden capital asset transition? This morning's futures put metals strong and stock indexes off. Looking closer at the indexes what's really there is that it's the S&P that's off but the Dow and NASDAQ are still positive.
Ah. A Good Morning and Happy Open Line Friday everyone --the plot thickens!! No major reports scheduled for today after what's been a week of pretty good news. Speaking of news:
- Bank of America settles securities case for $16.65B Mohave Valley News - 1 hour ago WASHINGTON (AP) - The government has reached a $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis, the Justice Department announced Thursday.
- Europe Stocks Pare Weekly Gain as Bonds, Copper Rise Bloomberg - 6:09am European stocks fell, paring their biggest weekly gain since February, while bonds advanced before a speech by Federal Reserve Chair Janet Yellen.
- Investors cheer: S&P 500 hits all-time high- 9:40am If you kept your money in the stock market this summer, you're likely feeling pretty smart now. The start of August was rough for stocks as the Russia-Ukraine standoff, the Israel-Gaza conflict and terrorist group activity in Iraq all flared again.
- Lessons learned from UPS Store breach CSO Online - 9 hours ago The security breach discovered at a few dozen franchises of the UPS Store, a subsidiary of United Parcel Service, provides a number of lessons for other retailers. Reuters
- Gold near two-month low; set for weekly drop on interest rate…
- Still awash with cash, world economies take turn for the worse Japan's sank in the second quarter. Britain has wage deflation. In a world preoccupied by geopolitical crises - from Ukraine, Iraq and Gaza to the Ebola outbreak in West Africa - the global economy has taken something of a back seat. Many policymakers across the world would like to move away from… Reuters
- Why You Shouldn't Put All Your Money in Index Funds Stock index funds are performing superbly as the bull charges ahead. But don't look for them to protect you when the market stumbles. Kiplinger
- Investors flock to Vanguard, turning away from stock pickers The inflow has pushed mutual-fund giant Vanguard to almost $3 trillion in assets as investors step away from funds run by star managers.MarketWatch
- Sorry, But Corporate Cash Hoarding Is a Silly Myth - Jeff Dorfman, Forbes
- Wall St. Crackdown Really About Politics - Allister Heath, Daily Telegraph
