Financials Hold Support Levels, Shrug Off Fitch Spanish Bank Downgrades: The stock market rebounded today one full trading day after U.S. equities rose to new highs and fell below the prior day on news of a Spain bank bailout. The…
Markets Break Short-Term Highs After June 2012 Spain Bank Bailout Announced But Rally Fades: Financials outpace bearish dollar gains. The stock market rallied today after the news this weekend that Spain was looking to obtain a bailout for $125,000 billion.…
Eurobonds Coming, EU Nations To Give Up Sovereignty: Will The People Accept? The political economy of the euro is changing. News from overseas has changed market sentiment drastically in the last several weeks. A new notion that has been passed…
Spain To Seek $125 Billion Bank Bailout, Expect More Announcements Ahead Of Greece’s Political ‘Fight’ Next Week: Speculation about Spain seeking a bailout for its banks turned into fact today as Economy Minister Luis de Guindos told a press conference…
New Home Sales Increase April 2012 Plays Backseat To EU Summit Speculation As Markets Rally: New home sales increased in April giving more fodder to those who suggest the housing market is improving. The increase in new home sales was…
