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Wednesday was a stinker. There was widespread selling in all asset classes except for U.S. bonds. Much of this selling may have been due to year-end tax selling; a break in support levels for the euro; much weaker commodities especially in precious metals, and more worries about the health of the U.S. economy, corporate earnings and...you guessed it...the eurozone. Gold and silver losses have Read More »
Tim Tebow's 20-yard touchdown run with 58 seconds left capped a 95-yard drive and sent the Denver Broncos to a 17-13 victory over the stunned New York Jets on Thursday night. Read More »
The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage. NEW YORK (The FRED Report) -- This week has been quite turbulent, with the events in Italy being somewhat a surprise for the markets, and a surprise for us.  However, the markets are reflecting the basic technica Read More »
A statement from Germany and France: "The President and the Chancellor will meet Saturday night in Brussels ahead of the European Council summit in the euro area on Sunday. France and Germany have agreed that all elements of this ambitious and comprehensive response will be discussed in depth at the summit on Sunday in order to be finally adopted by the Heads of State and Government at a Read More »
The only thing wrong with the image above is that it's from March 2010, or on one of many previous plans agreed upon. But, markets don't care about this and just thirst for any deal even if memories remain short. These euro zone fixes seem ephemeral and need implementation to stick. HFT algos are programmed to pounce on these presumed fixes and have been active in driving stock prices higher Read More »
Stocks, commodities and currencies rallied after the ECB's (European Central Bank) outgoing President Jean-Claude Trichet indicated the bank would restart bond buying and long-term financing operations in the euro zone. This is QE or Quantitative Easing euro-style. Traders remember how well this helped U.S. stocks one year ago so they climbed aboard the bullish train continuing the short-sque Read More »
Nick Folk kicked a 50-yard field goal with 27 seconds left, giving the Jets a 27-24 comeback victory over the Cowboys in the final game of the NFL's first full Sunday. Read More »
The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage. NEW YORK (TheStreet) -- The U.S. dollar has been stuck in a very large trading range during the past four months. But when the dollar actually breaks out of this pattern in either direction we should see some big pric Read More »
Canadian actress Margot Kidder is among the latest slate of environmental protesters to be arrested outside the White House. Read More »
Organizers of The Response, a day of prayer and fasting announced by Gov. Rick Perry two months ago, have tried to maintain the focus on the religious nature of the event, although the eyes of the nation have tended to focus on politics, and on the plans and aspirations of the man presumed to have the White House in his sights. Read More »
Eric Bearse, a former Perry aide helping organize the event, denied suggestions that the governor's potential presidential candidacy could cause Internal Revenue Service problems for the non-profit religious groups sponsoring the event. Read More »
The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage. NEW YORK (The FRED Report) -- Here at The FRED Report we have been looking for a summer rally led by energy, and it now looks as if this is under way. In the last couple of reports, we have given some numbers that wou Read More »
The price-weighted DJIA finished the day nicely higher led by the highest priced shares: Boeing (BA), Caterpillar (CAT), IBM (IBM), 3M (MMM) and United Technologies (UTX). It's the beginning of the quarter and fund inflows are usually elevated contributing to some gains. Transports (IYT) had a good day with FedEx, (FDX), Union Pacific (UNP) and Con-Way Trucking (CWN) leading the way. But let's Read More »
There wasn't any consequential good news. Jobless Claims remain pitiful but some found a thin reed within the trade deficit data to rally on. But, as we posted Wednesday, the big reason to rally was the oversold McClellan Oscillator with a reading greater than -60. This usually signals a bounce and that's primarily what I take from Thursday. Secondarily we must remember a large quantity of PO Read More »
The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage. NEW YORK (The FRED Report) -- The market has continued to correct as we, at The FRED Report, have been expecting. Should this choppy correction continue into the end of June, there is the possibility of a rally in July Read More »
Democratic Sen. Wendy Davis, whose filibuster killed the bill during the regular session, joined about 100 protesters Saturday at the Capitol as the $4 billion in school cuts inched toward passage. Read More »
More than $25 billion in POMO was added to markets over the last week. Cash at Primary Dealers was piling up. As markets were becoming short-term oversold it was time to deploy it and seek alpha (buy stocks). There wasn't any seriously positive news to spark a rally unless you believe high energy prices are good for consumers. But, some permabulls got the rumor going that more QE is coming sinc Read More »
Parents and others demonstrate at the Texas Capitol to protest a state budget that will cut $4 billion from schools, and warn lawmakers who supported the cuts that they will be voted out. Read More »
An earthquake in Japan rattled investors mid-day causing sharp drops in most equity indexes. But, when investors realized damage wasn't significant markets snapped back. Maybe it shows the underlying strength in markets on the one hand but also reflects an accident prone environment. Elsewhere, most investors shrugged at the government shut-down carnival taking place in Washington. Most seeme Read More »
No matter the market data, how can I let April Fool's Day pass without some humorous image? But, more somberly, today marks the second anniversary of ETF Digest pal Greg Newton's (Naked Shorts Blog) sudden death. So, I'm not going to complain about the 10" of snow. Markets were sharply higher after a mildly better than expected employment report. Many feel the economy has definitely turned the Read More »
The market is in "yo-yo" mode. A whiff of a notion OPEC will increase production sparks some selling in oil and a reversal in stock market declines. After Bank of America analyst cut bank ratings just a few days ago, banks rallied sharply Tuesday on ideas of big dividend increases are on the way. This is the way the empire rolls. It didn't hurt the Fed tossed-in another $7.7 billion in POMO whi Read More »
The Pittsburgh Steelers advanced to their third Super Bowl in six years thanks to a big-play defense that returned a fumble for a touchdown and staged a late goal-line stand in a 24-19 victory over the New York Jets. Read More »
DeSean Jackson scored on a 65-yard punt return on the final play of the game and the Philadelphia Eagles scored 28 points in the final 7:28 to stun the New York Giants 38-31 Sunday and take over first place in the NFC East. Read More »
LIGHT VOLUME RALLY CONTINUES   ... Click to view a price quote on SPY. Click to research the Financial Services industry. Read More »
If Democrats had doubts about the voter unrest that threatens to rob them of their majority in Congress, they needed only look from the Capitol this weekend to the opposite end of the National Mall. Read More »

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