Category Archives: U.S. Stock Market

Economy Sinks Markets

The U.S. economy is showing new signs of fatigue, depressing financial markets, discouraging consumers and unsettling businesses. The Dow Jones Industrial Average lost 419.63 points, or 3.7%, Thursday, and is down 9.5% for August amid soaring trading volume and some of the worst volatility on record. Angst about the health of the U.S. and European [...]

Posted in Banks, Business, Solid Principles, U.S. Stock Market, Wall Street, Wall Street Journal | Tagged as: , , , , | Leave a comment

Wall Street Grows World Wary…DOW down 207 pts.

  MARKET WATCH U.S. stocks drop Tuesday, as fears of higher interest rates in China and the potential for a new round of bailouts in the European Union fuel unease over the global economy. U.S. economic data also factor in. Recommend on Facebook Share on Linkedin Share with Stumblers Tweet about it Tell a friend

Posted in Business, Economy, Euro Zone, Solid Principles, U.S. Stock Market, Wall Street | Tagged as: , , , , | Leave a comment

Obama’s Latest Monstrosity

By:  John Berlau  The American Spectator  The 2,315 page Dodd-Frank financial regulation bill that President Obama will sign today should not be called “financial reform.” Instead the bill, which passed the Senate 60-39 last week when Massachusetts Senator Scott Brown joined Maine Senators Olympia Snowe and Susan Collins to grant cloture, should be called what [...]

Posted in Barack Obama, Business, Congress, Economy, Federal Reserve, Financial Reform, Sen. Scott Brown, Solid Principles, The American Spectator, U.S. Stock Market, Wall Street, Wall Street Journal | Tagged as: , , , , , , , , , , , , , | Leave a comment

President Obama’s Fairy Tale Bedtime Story

Hat Tip to “AggiesChip” for giving me the heads up on the article below. But there was President Obama in a highly revealing speech on June 30 in Racine, Wisconsin, congratulating himself for having saved America from another Great Depression. He said, “Now every economist who has looked at it has said that the Recovery [...]

Posted in Barack Obama, Business, Economy, Solid Principles, U.S. Stock Market, Wall Street, Wall Street Journal | Tagged as: , , , , | Leave a comment

Politico Breaking News

POLITICO Breaking News: Lawmakers reached a final deal on a Wall Street reform bill early Friday morning after Sen. Blanche Lincoln (D-Ark.) agreed to a compromise with House Democrats on her derivatives regulation bill – clearing the way for the broadest rewrite of the nation’s financial regulations since the Great Depression. The legislation would create [...]

Posted in Bond Markets, Credit Markets, Economy, Financial Reform, Politico, Solid Principles, U.S. Stock Market, Wall Street | Tagged as: , , , , | Leave a comment

It’s Quiet Out There, Too Quiet

By: Matt Phillips A fragile calm pervades the markets Wednesday morning. But for the moment, the deterioration in the credit markets we’ve seen recently is slowing. Three month U.S. dollar Libor — that’s that key benchmark rate at which banks lend to each other — rose yet again, but not by much. The rate hit 0.53781% [...]

Posted in Bond Markets, Business, Credit Markets, Economy, Solid Principles, U.S. Stock Market, Wall Street, Wall Street Journal | Tagged as: , , , , , , , | Leave a comment

Derivatives Sour Wall Street on Obama

Some say that if the language survives, there will likely be consequences in terms of Wall Street support for Democrats in the midterms and President Obama’s reelection campaign.  AP Wall Street executives say language in the Senate financial reform bill dealing with derivatives is like a horror movie slasher — repeatedly left for dead, only [...]

Posted in Banks, Barack Obama, Business, Congress, Financial Reform, Politico, Solid Principles, U.S. Stock Market, Wall Street | Tagged as: , , , , , , | Leave a comment

German Ban Weighs on Stock Futures

By:  STEVE GOLDSTEIN U.S. stock futures dropped Wednesday, the first day of the hastily drawn-up German short-sale ban, which served to reinforce rather than dispel worries over the health of European governments and the lenders that possess their debt. More than two hours before the start of trading, Dow Jones Industrial Average futures were 68 [...]

Posted in Bond Markets, Euro Zone, Solid Principles, U.S. Stock Market, Wall Street, Wall Street Journal | Tagged as: , , , , , , , , , , , | Leave a comment

Asian Shares Weaken; Dragged By Continued Europe Worries

By:  Colin Ng Of DOW JONES NEWSWIRES SINGAPORE (Dow Jones)–Asian stock markets were lower Monday, dragged by heavy losses on Wall Street Friday and ongoing concerns about troubles in the euro zone. Resource stocks were beaten down in Sydney as commodities prices fell. Markets were “predictably” weak after the falls in U.S. and European equities, [...]

Posted in Business, Economy, Euro Zone, Solid Principles, U.S. Stock Market, Wall Street, Wall Street Journal | Tagged as: , , , , , , , , , | Leave a comment

Wall Street Bill Tied Up by Blanche Lincoln Primary

The Obama administration doesn’t love it. Senate Democrats aren’t wild about it, either. Even respected financial watchdogs like Paul Volcker oppose it. But a controversial proposal by Sen. Blanche Lincoln (D-Ark.) that would force investment banks to spin off their derivatives businesses appears to enjoy a quirky protected status until Tuesday — primary election day [...]

Posted in 2010 Elections, Congress, Politico, Solid Principles, U.S. Stock Market, Wall Street | Tagged as: , , , , | Leave a comment