The moral hazard problem in the Euro region revisited. Stocks were unable to hold early session gains as traders were reticent to hold long positions after news from Cyprus brokering a deal on its bailout failed to impress. Market participants are still wondering which nation will be next and signaling from EU bankers didn’t help.…
Stocks Rise After Gaza Cease Fire Announced, Will It Last? Stocks came back from early losses today when it was announced the Egypt along with the United States had brokered a deal to end the fighting in Gaza which began late last week. The ToryCapital/InterSearchMedia staff was abroad as the fighting started but stocks came…
Will The Arab Fall Be President Obama’s “Carter Moment”? – 3 Historical Similarities The Middle East and Africa are in turmoil right now after the death of U.S. Ambassador Chris Stevens in Libya. After the Arab Spring that caused changes in leadership throughout the region, the consequences of ‘democracy’ are now coming home to roost.…
JP Morgan’s 2nd Quarter Earnings 2012 Upside Surprises, China GDP 7.6 Percent: JP Morgan helped the financial sector rally today as the company came in with greater than expected second quarter profits. Aside from the London Whale’s erroneous somewhat – non hedging trades, JP Morgan beat earnings projections today that helped the overall market rally…
July Jobless Claims Down But June 2012 Foreclosures Up, World Central Banks Ease – Cut Rates: Jobless claims dropped by levels not seen in several months as less Americans applied for unemployment benefits. Initial jobless claims fell by 26,000 to a seasonally adjusted 350,000 the Labor Department said today. The fall in initial jobless claims brought…
