Stocks got slammed during the summer and the turmoil has extended into September as investors continue to fret about the fiscal health of Europe and the U.S.NEW YORK (CNNMoney) -- With apologies to Louis Armstrong:I see few stocks in green. Oil is in red too. I see their values shrink. For me and for you. And I think to myself: What a terrible world. I see dark skies over the U.S. and Europe. To safety in bonds we take flight. The VIX is on fire. Each day and every night. And I think to...
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Archive for the ‘Finance’ Category
It's a terrible world for the markets
Swiss take boldest step yet to curb franc's rise
Click the chart for more foreign exchange rates.NEW YORK (CNNMoney) -- The Swiss have had enough of taking the neutral stance. To put a stop to the Swiss franc's rapid appreciation, the Swiss central bank announced a ceiling on the currency by setting an exchange rate minimum against the euro. On Tuesday, the Swiss National Bank (SNB) made its boldest move yet by announcing that the exchange rate between the Swiss franc and the euro must not drop below 1.20 euros. And if it does, the Swiss...
Jobs and Europe dominate
Click on chart for more market dataNEW YORK (CNNMoney) -- After a three-day weekend, investors will return to a market anxiously anticipating crises: a double-dip recession and a European debt crisis. Both have the potential to roil markets already on edge. The threat of a recession grows stronger every day, and investors are analyzing every kernel of economic data for signs of a slackening in consumer purchasing or a continued downturn in hiring. "Right now, we're in a situation where I...
Stocks erase gains for the week
Click chart for more of today's market action.NEW YORK (CNNMoney) -- Stocks ended sharply lower Friday, erasing the week's gains, after a government report showing no job growth in August stoked fears that the U.S. may be headed into another recession.All three indexes posted their worst one-day percentage loss in more than two weeks. Before Friday's session, the major indexes had been up between 2% and 3% for the week. But after the steep losses Friday, stocks ended the week little...
Banks take it on the chin … again
Click chart for more on the bank index.NEW YORK (CNNMoney) -- Bank stocks sank Friday amid reports that federal housing authorities were planning to sue several financial firms for allegedly misrepresenting the value of mortgage-backed securities. And indeed, after the market closed the government agency that oversees Fannie Mae and Freddie Mac filed suit against 17 big financial institutions. Friday's retreat came amidst a broad sell-off on Wall Street driven by a weaker-than-expected...
'No confidence' sparks rush to safety
Click chart for more on gold, oil and other commodities.NEW YORK (CNNMoney) -- Fear about a lifeless economy drove traders to stock up on gold and offload oil Friday, after the government's big jobs report showed that hiring screeched to a halt last month."The only thing you need to fear is fear itself, and primarily what you're seeing drive prices right now is fear," said Dan Flynn, senior market analyst at PFG Best. "There's just no confidence in the economic outlook, and that needs to...
10-year Treasury yield near record low
Click chart for more bonds and rates dataNEW YORK (CNNMoney) -- Investors flocked to the safety of Treasuries Friday after the government released a dismal report about the U.S. job market, heightening worries about another recession.The Labor Department reported that the U.S. economy added no new jobs in August. That's the worst payroll report since September 2010 when roughly 27,000 jobs were lost. The report sparked a sharp sell-off in stocks, and a subsequent rush to Treasuries --...
Jobs report pushes traders to gold
Click the chart for more market data.NEW YORK (CNNMoney) -- A bundle of bad news hit stocks hard across the board on Friday -- with the biggest blow being the August U.S. jobs report.The jobs number came in far below expectations, confirming fears that a 9% unemployment rate might be the new normal.Plus, Greece saw interest rates on its two-year bonds soar amid ongoing disputes over the bailout plan for the Mediterranean country and its budget deficit. The cost to insure Italian and Spanish...
Read More For Auto Insurance and Leasing
When leasing a car, it's easier to stick with the same company for your auto insurance. What you don't know, however, is that you may end up paying too much for your coverage and it's better to look elsewhere for lower rates. When you lease, the vehicle that you will drive belongs to the leasing company. They want to make sure that their investment is covered in the event the vehicle gets damaged, totalled or stolen. They typically want to get covered for the difference between what your...
Proceed While Using Movement When Investing And Youll Stand To Gain Far More Than By Buying Vs The Market.
You will find just so many components involved in the trend of a marketplace to spend your cash on the signs of just one indicator. We have personally devote thousands of dollars to do with resources and training rooms only to discover that the guru is on holiday somewhere living it up, earning thousands of dollars selling his verified method nevertheless is unable to produce consistent profits in his trading balance. You do not need to obtain the latest software program package deal thats so...
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Recent Posts
- Romney apologises for school ‘pranks’
- Olympic Flame Lit for London Games
- Ghost Town Being Built To Test Tech
- Robo-Butt Is Cracked
- Unlimited Security Suite Protects All Your Devices
- Amtrak Ditching Hole Punchers for iPhones
- Fisker shows smaller Atlantic plug-in hybrid sedan in NY
- Shelby American marks 50th Anniversary with 950-hp street-legal Mustang

