Can I start by suggesting that we start calling this something besides a bailout plan? This is not a handout to Wall Street, it is an investment by the government. The term bailout has rightfully earned a negative connotation over the past year. The purpose of this article isn’t to argue the semantics of "the plan", but rather to look beyond any plan and what impact it...
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The economic calendar this week isn’t particularly exciting, but coming off the pain inflicted on the markets last week, that could be a good thing. The market will have its hands full with earnings season starting up again, so a full week of reports...
For the past year, the prices producers pay for their goods have been skyrocketing. Yet even with the higher prices they pay, they’ve hesitated to pass along higher prices to consumers. Now they’re paying the price as they face the biggest margin...
The CBOE Volatility Index hit a new high. Both Rick Pendergraft and I have been watching to see where the index would go. We were looking for 37.50, but neither of us expected the spike we saw on Monday when the bailout vote went down to failure in the House...
After Congress failed to pass a $700 billion rescue package on Monday, the market nosedived 777 points. It’s suffering a case of the “Bailout Blues” and it shows you a lot about expectations. In this case, an expectation wasn’t met and...
The financial sector continues to bleed out. Last Friday WaMu finally fell into government hands and their deposits and branches were simultaneously taken over by JP Morgan. Fortress – once a flourishing investment company – just decided that it...
This week shows an incredibly busy economic calendar and this might not bode well for the market. The first report of the week comes out at 8:30 this morning and the schedule doesn’t let up until Friday morning. With so many important reports...