Happy "Claims" day to everyone! This morning (any minute now):
Initial Claims
Continuing Claims
Trade Balance
Productivity-Prel
Unit Labor Costs
Natural Gas Inventories
--and this on top of futures trades pointing +0.6% for stock indexes and metals off -0.81. Lotsa juicy news blurbs:
Greece plays down ECB move on cash line for its banks Jittery investors dumped Greek shares after the ECB tightened the screws on the country's banking system, piling pressure on the new anti-austerity government.
This Is the Sexiest Financial Habit A new survey asked people what money management traits they'd find attractive in a mate. Prepare to be surprised by the answer. Money
Oil crashes after four-day rally; U.S. inventory renews glut worry Oil prices crashed on Wednesday, with U.S. crude losing 9 percent in one of its biggest daily routs ever, as record high oil inventories in the United States cut short a four-day rally. Reuters
Out from under my earnings call rock... What did I miss?
Look for security stocks to rally today
Massive Data Breach At Health Insurer Anthem Reveals Social Security Numbers And More
http://www.freerepublic.com/focus/f-news/3254289/posts
Now what!?!?!?!?! I thought we was all ‘experts!!’
(Who is “we,” paleface?)
LOL!!
This market is crazy. Up one day, down the next, repeat & rinse... If you watch you basket of stocks daily, you get the jitters.
Today, the reaction to the increased job numbers took stocks and precious metals down because the smart guys think the fed will raise interest rates sooner. That’s silly as the fed, just like the banks in Europe, needs to goose the economy by printing easy money way into 2016.
I say if you have a selection of good big cap dividend paying stocks, keep them and don’t sell just because of what you read in the finance pages.