Bank stocks are getting a nice push today after the Institute for Supply Management sector grew slightly in May.
By Ian Wyatt | Feb 1, 2011
The rioting in Egypt has calmed down substantially. The military has stated that it will not fire upon protesters, which would seem to be a tacit vote of no confidence for the Mubarak government.
Not that shooting people is the only way to show support for the government. But the statement by the military seems like a pre-emptive move.
By Ian Wyatt | Jan 5, 2011
A successful investor must be able to be in two places at once. We must have a firm grasp on what is moving stocks today, but also have an eye on what will be moving stocks tomorrow.
No doubt this is easier said than done. Because things don't always unfold as we expect. And the U.S. dollar's reaction to the Fed's QE2 is a great example of that.
In early August, when the Fed suggested that QE2 was likely, the result was fairly predictable. The U.S. dollar started selling off, and stocks and commodities rallied. It was generally assumed that the falling value of the dollar was being directly applied to the rising value for stocks, gold, oil, etc.