“I really can’t believe what I’m seeing on the computer models over the next 7 days. The opening of May could look more like the beginning of March. There are plenty of questions as to how this will evolve, but no matter what model you believe, the underlying theme is simple…. COOL! Temperatures could be anywhere from 15-20 degrees below average by the end of the week. This will all [...]
By Paul B. Farrell, MarketWatch
Yes, March Madness. Ride higher? Take profits, bail? That’s the big question America’s 95 million investors are asking.
We called the bottom at 6,547, a new bull in March 2009. Market’s been up over 100% since. But big risks ahead: Stick or bail?
Bet you’re maxed out on all the contradictions from Wall Street noisemakers. So let’s get some advice from four unconventional sources. First, start [...]
The threat of severe thunderstorms is about to return as a strong cold front emerges from the Rockies and intercepts milder air returning to the nation’s midsection.
This pattern will be favorable for thunderstorms to produce damaging winds and possible tornadoesTuesday and Wednesday in parts of the South, lower Midwest, and eventually the Mid-Atlantic region.
The maps on this page show the latest timing forecast for these storms from The Weather Channel’s Global Forecast Center.
‘Greece will capitulate to Troika demands’
A delicate balancing act looms for the Greek PM Antonis Samaras as he meets one of his chief paymasters – the President of the European Central Bank, Mario Draghi.
The Frankfurt talks could be especially hard given recent revelations that half of the Greek government’s planned cuts have been rejected by debt inspectors.
6 out of 12 billion Euro’s worth of austerity measures have been deemed [...]
By Peter Brimelow, MarketWatch
NEW YORK (MarketWatch) — James Dines suspects there’s a reason for stock stumbles this year: World War IV is coming.
With stocks almost flat over the year to date, top-performing micro-focused tortoises are on a tear right now. I’ve recently written about a couple — Alcosta Growth Report and Wall Street Forecaster. ( See May 24 column and April 19 column )
In contrast, earlier this year, I wondered if [...]
From USA Today:
WASHINGTON – Former House speaker Newt Gingrich, on the eve of suspending his roller coaster presidential bid, said in an interview with USA TODAY that he will embraceMitt Romney‘s candidacy Wednesday and is ready to campaign for his former rival.
The two men will make a joint appearance in a few weeks, when Gingrich will make an official endorsement. The Romney campaign and the Republican National Committee have offered to be helpful [...]
Romney gained 54pc of vote in Maryland
Rick Santorum faces mounting pressure to pull out of Republican race
Mitt Romney has stormed to a hat-trick of primary wins in Wisconsin, Maryland and the District of Columbia, trouncing main rival Rick Santorum and all but securing the Republican nomination to face President Barack Obama in November.
It was one of his biggest nights in three months of voting in the roller-coaster Republican battle. Romney’s [...]
As everybody knows, elite college tuition is getting ferociously expensive. And, as everybody knows, gold is getting ferociously expensive, as well (for entirely different reasons). With these maxims in mind, an enterprising writer at Priced in Gold has answered the question I know you’ve been wondering: If it cost 1,000 gold grams in 1900 to pay Yale tuition, how many more gold grams would you need to afford Yale college tuition today?
ORTH CHARLESTON, S.C. — A GOP presidential primary marked by the unpredictable took its sharpest turns yet Thursday and the fallout could determine whether the campaign effectively ends this weekend or continues for weeks or even months.
Over a period of mere hours, the roller-coaster Republican race was shaken by a cascade of events: An explosive ABC interview with Newt Gingrich’s second wife, Marianne, in which she describes his request for an “open marriage”; [...]
Between the stock market roller coaster and the announcement of massive layoffs at corporate giants, many people are feeling pretty glum this holiday season. As the New Year approaches, plenty of folks are wondering how they’re going to pay their bills.
If friends and family are among them and you have been more fortunate, you might want to help out. But did you know that the tax law regulates your generosity?
The market’s reaction to Draghi’s comments over the last week have been visceral in its schizophrenia. While his ‘temporary’ provisions, three-year LTROs specifically, provide a life-line of liquidity (a la TLGP – and how is that working out for the US banks having to roll now?), they hardly address the real underlying problem of the vicious circle between sovereign debt’s now-risky nature and financial balance sheets bloated with zero-risk-weighted re-hypothecated peripheral bonds. The [...]
The never-ending comedy that is Europe’s sovereign-debt crisis has reached its Otter moment. That’s when the world realizes the fundamental principle guiding every important government decision is this: “I think that this situation absolutely requires a really futile and stupid gesture be done on somebody’s part!”
The quote comes from the 1978 movie “Animal House.” After the dean of the fictitious college tells the Delta House boys that he’s expelling [...]
By Paul B. Farrell, MarketWatch
SAN LUIS OBISPO, Calif. — “Top advisers see very slow growth in 2012.” That headline is screaming at Americans in “InvestmentNews: The Leading News Source for Financial Advisers” and most trusted.
Get it? Not just “slow growth,” but “very slow growth in 2012.” Another even predicted “very slow, measured growth for two, three years.” Actually it’s far worse. Folks, this is [...]
* Wall St rebounds on plan to boost euro zone rescue fund
* Euro remains down vs dollar as plan details awaited
* Treasuries extend falls; oil eases on stockpile data
By Herbert Lash
NEW YORK, Oct 26 (Reuters) – U.S. stocks rallied on Wednesday on news that euro zone leaders plan to boost the power of the region’s bailout fund, though the euro remained down against the dollar as investors still awaited details of the [...]
WASHINGTON (AP) — The roller-coaster debate over raising the nation’s debt limit has forced the White House to explain away, brush aside or even ignore declarations by President Barack Obama and aides that no longer served much purpose in the unpredictable negotiations.
First, the White House wanted a congressional vote separated from spending cuts. Now the administration likes them linked.
Obama said he [...]
Breakout brought in Michael Yoshikami, the founder and CEO of YCMNET Advisors, to try to make some sense of last week’s sentiment roller coaster.
Yoshikami, who was recognized by Barron’s as one of the Top 100 Independent Financial Advisors for 2009 and 2010, says “those people that are betting on the U.S. not recovering are mistaken.” That’s not to say he believes it’s going to be necessarily robust, [...]
Throwing BRICS at dollars
April 2011. The leaders of BRICS (S being for South Africa, the latest entrant to the decade-old Goldman Sachs-invented emerging-economy grouping of Brazil, Russia, India, China) agreed in principle on Thursday to allow their authorised development banks to establish mutual credit lines denominated in their local currencies.
h/t to Plymouth rock – in the comment field of the [...]
By WILLIAM D. COHAN, NYT
As Americans know all too well by this point, commodity prices â€” for corn, wheat, soybeans, crude oil, gold and even farmland â€” have been going through the roof for what seems like forever. There are many causes, primarily supply and demand pressures driven by fears about the unrest in the Middle East, the rise of consumerism in China and India, [...]
RealtyTrac Reports Foreclosures Increased in 2010 to 2 Million
“In the first half of the year 2010, the foreclosure filing rate had a substantial increase of eight percent, reaching just short of two million (1,961,894) properties. According to RealtyTrac, their midyear U.S. Foreclosure Market Report showed default notices, auction sale notices and bank repossessions of homes to be 1.65 million. This number is an increase of eight percent since the first [...]
BP [BP 45.38 2.97 (+7%) ] on Thursday night restarted its most ambitious effort yet to plug the oil leak in the Gulf of Mexico, trying to revive hopes that it might cap the well with a Ã¢â‚¬Å“top killÃ¢â‚¬Â technique that involved pumping heavy drilling liquids to counteract the pressure of the gushing oil.
Source: globalwarming.house.gov/spillcam Video still of oil spill in the [...]
Roosevelt once said that Nothing in Politics Happens by Accident. Was he right or was he wrong? Six months ago, we debated a 100 point up or down Market ticker. Today, the wisest amongst us, ignore the Weekly “Roller Coaster”….just as we ignore Geraldo Rivera in the path of a natural Hurricane!! A joke is a joke, whether it is obvious, or if it is displayed on the Main Stream [...]