Frontline’s “Money, Power & Wall Street” Series Shows Fed Was Flat-Footed: The Fed, Bernanke, Geithner and Paulson were behind the curve. Frontline has completed a new series called “Money, Power & Wall Street” that the describes the global financial crisis that began in 2007. The most interesting part of the series focuses on how the…
U.S. Markets Rebound As Apple’s 1st Quarter 2012 Earnings Beat Street With Mixed Economic Data: Housing market data was marginally negative today as the Case Schiller index reached new lows. February 2012 housing prices reached levels that haven’t been seen since 2002 which suggests homebuyers are still looking for bargains, finding it difficult to obtain…
Europe, Walmart News Dominates As Investors Await Apple Earnings April 24, 2012: Walmart Corruption, Dutch Uncertainty, French Presidential elections add to market woes. European headline risk dominated trading sentiment today as market participants digested news from the French presidential elections and Dutch uncertainty as their government announced mass resignations. Apple will report earnings tomorrow and…
Busy Week for Economic Data & Earnings Begins With April 2012 China HSBC PMI Up, Hollande Wins First Round: China HSBC PMI April 2012 Up China started the week off Sunday with PMI data showing an improvement from the prior month. The HSBC Flash Purchasing Managers Index, rose from 48.3 in 2012 to a reading of…
March 2012 Existing Home Sales Fall, April 14 Jobless Claims Disappoint – Earnings Up: U.S. equities were volatile today with tech stocks following Apple and Google’s lead as traders responded to headlines from Spain, earnings news and economic data. Spain’s auction today didn’t change sentiment much today with investors keeping the market above Dow 13,000…
