This Isn’t Just a Wall Street Bailout! – CNNMoney The Economy’s Three Vicious Cycles – CNNMoney The $55 Trillion Question – Fortune/CNNMoney Dollar Surges Vs. Rivals on Rescue Plan Hopes – MarketWatch Despite Bloodletting, Worst May be Ahead – MarketWatch Oil Drops Most in 17 Years in Quarter – Bloomberg Home Prices in 20 U.S. [...]
S&P and Gold Divergence by Phil Streible The stock market plunged, while gold rallied in a safe-haven bid after Congress rejected Treasury Secretary Paulson’s proposed $700 billion financial bailout package on Monday, September 29. While I think these trends will reverse in the short-term once some sort of relief package passes, in my opinion, the [...]
The stock market is facing a meltdown after Congress failed to pass the proposed $700 billion financial industry bailout today. Here is a guide to price limits for stock indexes at CME Group. Third-Quarter 2008 Market/Limit Overnight 5% (Up or Down) 10% (Down Only) 20% (Down Only) S&P 500 and E-Mini S&P [...]
House to Wall Street: Drop Dead – MarketWatch Treasuries Extend Gains After House Rejects Rescue Plan – MarketWatch Bank Bailouts Sweep Europe – CNNMoney Wondering Which Bank is Next – CNNMoney Stocks, Oil Plunge After Congress Rejects Bailout; Bonds Rise – Bloomberg Fed Pumps Further $630 Billion into Financial System – Bloomberg Copper Tumbles to [...]
Effective with the start of trading on Sunday, September 28, 2008, ICE is revising Sunday evening electronic trading hours for: Russell 1000® Index futures and options Russell 2000® Index futures and options All ICE FX futures and options including ICE Millions™ (coming in November) U.S. Dollar Index® Trading will now begin at 5:00 p.m. Central [...]
Managing the Bailout – He’d do it for Nothing – NYTimes Plan’s Mystery – What’s All This Stuff Worth? – NYTimes Government Intervention Instills Chaos, Not Calm – SmartMoney How Will the Bailout Work? No One Actually Knows – CNBC Credit Markets are Still Frozen; ‘No One is Trading’ – CNBC Home Sales, Durable Goods [...]
Given fears of a recession, market participants have upped up the odds the Federal Reserve will slash its key short-term interest rate (known as the Federal funds rate) at the October 29 Federal Open Market Committee Meeting. CBOT Fed funds futures are pricing in odds of 92 percent for a quarter-point cut, to 1.75 percent. [...]
Buffett Buys Goldman Stake in Economic ‘Pearl Harbor’ – Bloomberg China Shuns Paulson’s Free Market Push as Meltdown Burns U.S. – Bloomberg Barrick Sees Large-Scale Gold Buying on Bailout – Bloomberg Loans Prices Tumble to Record Lows as Bailout Plan is Debated - Bloomberg U.S. Existing Home Sales Down 2.2% in August – MarketWatch Corn Rises [...]
Stock index futures are on the rise after two losing sessions after well-known investor Warren Buffet (a.k.a. “the Oracle of Omaha”) took a $5 billion stake in Goldman Sachs. He also gave his support for the $700 billion financial bailout plan now being presented before Congress by Treasury Secretary Henry Paulson and Federal Reserve Chairman [...]
Reaganomics $3.9 Trillon Debt Outrages Taxpayers – MarketWatch Think Wall Street’s Going to Disappear? Don’t Bet on It – MarketWatch Oil Closes With Nearly 3% Loss After Historic Leap – MarketWatch Treasuries- Prices Edge Up as Bailout Doubts Raise Safety Bid – Reuters Short Sellers Have Been the Villian for 400 Years – Reuters Insight: [...]
