Bailout and Financial Crisis News

Good Evening: U.S. stocks continued their recent advance today, and the benchmark S&P 500 has now posted positive closes in eight of the previous nine trading sessions. Though the rally is most likely attributable to price momentum and rising risk appetites, more than a few will credit today’s levitation in share prices to [...]

From Asia Times: It’s going to be tough for the S&P to break above its present range. Last month we saw the equity market show extreme sensitivity to news from the Federal Reserve. It rallied when the Fed indicated that the economy was too weak to permit a cut in interest rates. Why should that be the case? There is [...]

Good Evening: After Friday’s equity celebration over the Goldilocks-like unemployment data, the U.S. capital markets followed up on Monday with an uninspired performance. Perhaps some of the true gunslingers among market participants were still making their way home after a visit to last night’s Academy Awards ceremony in Hollywood. Given the somnolent [...]

Good Evening: The U.S. capital markets have done little since I penned a tongue-in-cheek apology to Fed Chairman Bernanke, and today was no exception. Thursday’s smallish advance in stocks, bonds, and the dollar — mostly on low volume — continues a trend that’s been in force for a couple of weeks now. [...]

testimony to the US House Financial Services Committee that the Fed fund rate will remain at exceptionally low levels for an extended period. However, the flip side of the coin is his gloomy picture of the economy still battling high unemployment and a weak housing sector. Although perhaps not imminent, a quick bit of research sheds [...]

This years Berkshire Hathaway Letter to Shareholders (PDF) is a fascinating reads, filled with all sorts of gems: “Selecting the S&P 500 as our bogey was an easy choice because our shareholders, at virtually no cost, can match its performance by holding an index fund. Why should they pay us for merely duplicating that result? A more [...]

The Dow drops nearly 200 points today and manages to end down only X points. Proof that the plunge protection team is in full force; depending on whether you buy into that theory of course. Dow: Down 53 points to 10,321. NASDAQ Composite: Down 1.6 points to 2234 after briefly going green for a moment. S&P 500: Down [...]

A February 23rd Goldman daily highlights how huge risks abound right now, across most of the world. Primarily, major market concerns include: Emerging market policy tightening (China) Regulatory and political uncertainty (U.S.) Sovereign credit-worthiness (Europe) Goldman: About three months ago, on the 2nd of December, we released our global economic forecasts for the year ahead along [...]

The U.S. economy will continue to recover at a healthy pace in 2010, led by strength in the business sector, helping jobs to be created from the first quarter, a panel of economists said in a report out Monday. The National Association for Business Economics, or NABE, survey predicts the world’s largest economy will expand by [...]

Citi Investment Research’s two sentiment measures continued to nose dive last week according to strategist Tobias Levkovich. Both the ‘Panic/Euphoria’ model and ‘Cyclical Expectations’ model are now approaching their 2009 lows. According to the firm, this implies further near-term pressure for equity markets. Citi: Our Cyclical Expectations Model (CEM) declined further this week, suggesting the equity markets may [...]

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