An eclectic brew of reads today: • One Year Later… (Market Talk) • Lessons NOT to learn from anniversaries (Marketwatch) • 43% have less than $10k for retirement (CNN/Money) • Europe bars Wall Street banks from government bond sales (Guardian) • Why every nation cooks its books (MSN) • Whither securitization? (The Deal) • Slashing the Deficit without Massive Tax Hikes (BusinessWeek) • [...]
Categories: The Big Picture Tags: California, Data, Europe, Financial Press, M DVRs, MSN, Wall Street, wall street banks
Only one day after yesterday’s slowest consolidated NYSE volume day of the year, today’s volume is snapping back to be on pace for 5bish for the first time since Feb 9th. I’ll leave it to the technicians to determine whether that makes today’s closing action more important than usual in terms of the short term [...]
Categories: The Big Picture Tags: MacroNotes, nyse volume, Volume
The story going around trading desks is that the Treasury Department is about to announce plans to sell its stake in Citi (C). Trading in sympathy with these are Fannie Mae (FNM) Freddie Mac (FMC) and AIG. As Peter Boockvar notes, just one day after slowest day of year, we get the busiest day in a month.
Categories: The Big Picture Tags: C, day, FMC, FNM, Peter Boockvar, trading, trading desks
Light trading volume has accompanied the market’s latest rally. Should investors worry, or care? Barron’s Mike Santoli has more.
Categories: The Big Picture Tags: Barron, Light, Mike Santoli, santoli, Technical Analysis, Video
Sales at Caterpillar Inc. are expected to rise 10%-25% this year on inventory restocking and a stronger global rebound than was initially expected, James W. Owens, the company?s chairman and chief executive, said on Tuesday.
Categories: Real Time Economy Tags: Caterpillar, Chairman Ben Bernanke, James W. Owens, lunchtime crowd, Mr. Owens, U.S., Va.
Nice list of slang terms from the Christian Science Monitor that were birthed in this Recession: 10. Funemployment, n. The practice of enjoying one’s unemployment. 8. Staycation, n. Vacationing at home or near home because traveling further would be prohibitively expensive. 6. Madoff’d, v. To get ripped off in a particularly offensive fashion. 5. Recessionista, n. A consumer who [...]
Categories: The Big Picture Tags: Barnes, Christian Science, Economy, Humor, list of slang, Nice, recession, Tracey D. Samuelson
For some time now, Federal Reserve officials have been hesitant to put a precise time frame on when they will begin to tighten policy, except to note the action lies well into the future.
Categories: Real Time Economy Tags: Brian Sack, Chicago, Dallas, Fed, Michelle Meyer, New York, new york fed, President Charles Evans, President James Bullard, President Janet Yellen, President Richard Fisher, President William Dudley, San Francisco, St. Louis, Virginia
~~~ THE INTERPRETIVE FACULTIES OF THE HUMAN MIND A mirage is a naturally occurring phenomenon in which light rays are bent to produce a displaced image of distant objects. A mirage is a real optical phenomenon which can be captured on camera, since light rays actually are refracted to form the false image at the observer’s [...]
Categories: The Big Picture Tags: China, Nevada, optical phenomenon, PIIGS, President Obama, tax, Think Tank, Winston Churchill
After the last consolidation in January/February, the leaders were the samll and midcap indices. That suggests to me that the S&P500 will eventually make a move to a new rally high — but it might need some time to gather its strength to do so, > S&P400 Mid Cap Index S&P600 Small Cap Index
Categories: The Big Picture Tags: amp, cap index, Markets, Technical Analysis
When you think of successful consumer brands in the social media space, names like Dell, Zappos and Pepsi come to mind. Another is Ford. Last year the Ford Fiesta movement generated tremendous amount of awareness (and pre-orders) for a vehicle that wasn’t available to the public yet. (Great summary on Jeff Bullas’s blog) At [...]
Categories: Online Marketing Tags: Bob Kreipke, ford, Henry Ford, interview, Interviews, Jeff Bullas, nbsp, Scott, Scott Monty, Scott Monty Interview, Social media, thomas edison company, World Headquarters