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Novamerican Steel (TONS) |
Clusterstock
Feb 1
Comment
The Dow Jones Industrial Average closed above 14,000 for the first time since 2007. And there was no shortage of good economic news to back that up.
First the scoreboard:
Dow: 14,009, +149.2, +1.0 percent
S&P 500: 1,513, +15.0, +1.0...
Clusterstock
Dec 27
Comment
There was a lot of noise today. But after spending most of the day deep in the red, stocks recovered almost all of their losses following a late headline from the House.
First the scoreboard:
Dow: 13,096, -18.2, -0.1 percent
S&P 500: 1,418,...
Clusterstock
Nov 1
Comment
Markets are going nowhere.
After a night of tons of economic data -- most of which showed a bit of a rebound in Asia -- financial markets are basically flat.
Germany is up modestly. Spain is down modestly. And Italy is literally at the zero...
Clusterstock
Jul 5
Comment
If you're just waking up from a post-July 4 hangover, you've already missed an incredibly busy morning with significant implications for the global economy.
Before we walk through the specific datapoints, let's quickly present this chart (via...
Clusterstock
Oct 14
Comment
This week, bond god Bill Gross just made a super-long bet on the long end of the yield curve, coming right after a historic rally in fixed income.
It was a gigantic shift from his stance earlier this year, when he bet against Treasuries -- a bet...
Wall Street Sector Selector
Jun 16
Comment
The DA just made a court filing that details some of the evidence prosecutors have on Dominique Strauss-Kahn.
(The entire filing is below. It also says that DSK tried to use diplomatic immunity when he was being put under arrest.)
It's pretty...
Clusterstock
Jun 16
Comment
The DA just made a court filing that details some of the evidence prosecutors have on Dominique Strauss-Kahn.
(The entire filing is below. It also says that DSK tried to use diplomatic immunity when he was being put under arrest.)
It's pretty...
Wall Street Sector Selector
Apr 4
Comment
Courtesy of The Daily Bail
Tokyo has announced plans to dump nearly 12,000 tonnes of radioactive water from the Fukushima plant into the ocean. A spokesman for the crippled facility said it’s necessary to free up storage space for more...
Clusterstock
Feb 2
Comment
Was there some big economic news today? Was there chaos throughout the United States? Were there headlines suggesting that perhaps the Eurozone self-healing party might not be all that? Sure! Did the markets care? Heck no!
But first, the...
Clusterstock
Mar 16
Comment
Annally Capital plots the data from the latest Federal Reserve flow of funds report:
And Edward Harrison at Credit Writedowns explains exactly what this means:
First of all, what this chart shows you is that the consumer is
not
...
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