Tag Archives: stock market

The Obama Redirect To Uncertainty

After a stunning loss in the Massachusetts Senate race and loss of the critical 60-40 split in the US Senate, President Barack Obama did not wait long to change tactics and go on the offensive. Yesterday’s bank plan announcement is a fascinating turn in the political discussion. While the details are still a bit sketchy, the rhetoric is not. The speech had a direct negative impact on the equity markets as the S&P 500 dropped 1.89% and the financial sector dropped 2.93%.

While I (and others) believe the agenda of the White House will be pulled more mainstream due to … …READ MORE

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Sweet Child Of Mine Outlook

The recent volatility in the markets is perplexing after what has been a very good quarter for earnings and a very good quarter for US economic growth. As my friends in the music industry say, “What’s up with that?” Why are we experiencing this and what does it mean for the rest of the quarter?

Taking a look back for context, the world stood at the abyss and then stepped back with over $12 trillion in global stimulus coming from governments and central banks. This was done to offset the dramatic drop in the global economies and to offset almost … …READ MORE

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WBBM Radio Today at 12:40 PM CT

http://www.wbbm780.com/ on Japanese elections and Chinese stk market drop.… …READ MORE

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Today at 11:20 AM ET, I'll be appearing on CNBC's the Call discussing China's call for a new world currency and what it means for their investments into the United States.

Quiz Time!

Which of the following has helped make stock prices go up over the last two weeks?

1. Positive economic data
2. Positive bank earnings comments
3. Ben Bernanke: no failure of major bank
4. Fed QE program
5. Tsy Toxic asset plan details
6. Positive housing sales and prices
7. ? on suspending MtM and reinstalling uptick rule.
8. Bonus claw back bill stalling.
9. Soaring mortgage applications
10. Stalling of Obama budget
11. All of the above

Answer below….

With better than expected US mortgage applications, US durable goods, and an ECB member saying they can cut … …READ MORE

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