Bernanke’s Second Chance and Dr. Doom Returns

As if there had been any doubt, Fed Chief Ben Bernanke was nominated for a second term. This is a good move in my opinion. Especially now, switching horses… Read more

Weakening Dollar Good for Jobs, Bad for Your Household Budget

"The question is not whether the dollar will weaken over time, but how it will weaken…"  That’s what the CEO of bond giant PIMCO, Mohamed El-Erian, had to… Read more

Even Wal-Mart is Having Trouble

Last week’s better-than-expected payroll data is being offset by new jobless claims today. 558,000 people filed new claims for unemployment benefits. That was more than the median estimate of… Read more

Stocks React to Q2 GDP Numbers?

Today was the big one. Say what you want about yesterday’s rally, the reaction to this morning’s 2Q GDP number should be expected to influence trading going forward. 
Now, I’m… Read more

More Correction Talk

Stocks have traded in a pretty tight range over the last several sessions. There’s been an appearance of weakness, and some comments from talking heads that a correction is… Read more

Chinese Stocks Drop 5% Overnight

With the exception of the Nasdaq, the major indices finished yesterday with slight losses. And it looks like an even money bet whether they’ll finish in the red today…. Read more

Outlook for Company Profits Questionable for Remainder of 2009

The steady march of positive earnings reports continues to move stock prices higher. Except for a select few, revenues aren’t growing. But profits are. That obviously can’t continue, because… Read more

Failures and a Rescue

It was a busy weekend. First and foremost on my mind is the ""almost was" story of Tom Watson at the British Open. I can honestly say I was… Read more

GOOG, GE, and NOK Drop on Earnings Reports

The earnings reports are flooding in. And while this season got off to a pretty good start with Goldman (NYSE:GS) and Intel (Nasdaq:INTC), we’ve seen a few companies come… Read more

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