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 in Madrid the country was requesting help from the EU. The news follows a widely…
President Obama Implores Europe To Act, Investors Expect Positive Headlines From Spain This Weekend (June 9-10, 2012): For the first time in several months, President Obama took a decisive, firm stand on Europe and may have helped markets rise today. While the term “Obama Rally” is rarely used on Wall Street, today it seemed plausible…
Bernanke Elusive At Congress As Consumer Credit Hits 6 Month Low, June 2012 Jobless Claims Dismal, China Eases: Ben Bernanke didn’t give many clues as to whether he would like to implement QE3 or continue Operation Twist, as expected, when he spoke to Congress today. Bernanke did speak about the need for Congress to get…
U.S. Stocks Trade Higher On Speculation Of Increased Liquidity, G7 Emergency Call June 6, 2012: U.S. stocks rose in tandem with a strong close in Europe as speculation rises that global liquidity will be added to the world’s financial system. An emergency conference call between G7 nations was made today and short-term forecasts for everything…
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 largely overshadowed by European stress syndrome and related speculation that Greece would be leaving the…
