Don’t Believe the Hype: Retailers Will Struggle in Jobless Recovery, Says Mish On Thursday, a slew of retailers posted monthly same-store sales. They were described best as a “mixed bag.” There was no obvious trend in terms of up or down, even within specific categories of retailers. But bulls on the economy should be disappointed. [...]
The bulls have pushed aside the bears on Wall Street — for now. Signs of optimism following three consecutive winning days in the stock market have replaced the doom and gloom mood so prevalent in the two prior weeks. Having already heard the bullish case from Doug Kass and James Paulsen earlier this week, Tech [...]
Bulls were amazing today, were they not? Reverence and props to the bulls on today’s chart, they deserve it. However, I wonder what Goldman Sachs will be telling their high networth clients when they find out all those billions will soon be in a campfire keeping them warm from the hungry bears. It’s only a [...]
The markets are all hovering higher today. Dow, Nasdaq and S&P 500 up over half a percent on the day. The SPDR S&P 500 ETF (NYSE:SPY) is higher by .60%. The SPDR Dow Jones Industrial Average ETF (NYSE:DIA) is up the same. Since the February 5th bottom, the markets have gone straight higher. Rumors and [...]
The markets are trading slightly higher today as they await word from the Federal Reserve on interest rate policy. The markets jumped higher early this morning as the dollar dropped sharply. However, over the last hour, the markets have started to gently fall back. The SPDR S&P 500 ETF (NYSE:SPY) is up .40% on the [...]
