Many investors, especially the bears that have been hiding for much of late 2010 and into 2011 will be smiling at the thoughts of a possible Wikileaks release to add fuel to the fire. Many sources are claiming Bank of America, however the way the economy has been the past few months, anything is possible [...]
As of today, I will begin a daily market update on the (note sarcasm) economic recovery and the USA’s ability to survive one of the worst depressions in history, because afterall, according to many experts we’ve now passed that phase. I felt the Austin Powers villain, Dr. Evil picture perfectly suits the overlods that run [...]
On Friday at 16:00 GMT, the European stress tests results will be released. In the past few weeks, EUR/USD enjoyed weak American data, and also enjoyed the anticipation for the European stress tests. With the terrible European debt crisis, these results are supposed to show that the banks are stable, and to mark the end [...]
There was a steep drop, then a tremendous resurgence in the markets. Was that it? Is the pullback over? Don’t bet on it! Forecaster Harry Dent gives you an update on his research as to where we go from here, including a look at the equity markets and real estate. Find out what Harry Dent [...]
By Jia Lynn Yang Washington Post Staff Writer Thursday, July 15, 2010 Corporate America is hoarding a massive pile of cash. It just doesn’t want to spend it hiring anyone. A jobless recovery? Don’t think so. More like a jobless depression. Nonfinancial companies are sitting on $1.8 trillion in cash, roughly one-quarter more than at [...]
By David Weidner, MarketWatch NEW YORK (MarketWatch) — Fairy tale season is about to begin. Wall Street banks and brokerages are readying second-quarter numbers for mass digestion. They’ll show healthy balance sheets, tolerable risk levels and have all the trappings of well-run companies. Don’t believe a word of it. If the second quarter is anything [...]
