Market News

[Frixxxx]

Looks like QE3 is going global!
[h=1]BoE set to pump more money into UK economy[/h]
LINK

 

[weatherweenie]

Non-Farm Payrolls Grew More than Expected, Up by 103,000 in September; Unemployment Rate at 9.1%

 

[weatherweenie]

Spain had its credit rating cut one level by Standard & Poor’s as rising defaults threaten efforts to stem Europe's sovereign-debt crisis and limit risks for the region's banks.
The ranking slid to AA-, with a negative outlook, in the third reduction by S&P in three years. The ratings company announced the change in a statement.

http://www.bloomberg.com/news/2011-10-13/spain-cut-to-aa-from-aa-by-s-p-outlook-negative.html

 

[rikarus]

[h=1]Fitch downgrades four European banks[/h]and placed seven more international institutions on review for possible downgrade, citing a broad review of their mounting regulatory burdens alongside new challenges facing financial markets.


http://www.marketwatch.com/story/fitch-downgrades-four-european-banks-2011-10-13


wonder how this will affect things tomorrow....

 

[Intrepid_Timer]

[h=1]APNewsBreak: Banks nowhere near deal on Greece[/h]
http://finance.yahoo.com/news/APNewsBreak-Banks-nowhere-apf-1243742209.html?x=0&sec=topStories&pos=2&asset=&ccode=

 

[Mcqlives]

I just saw that report as well. It makes one wonder how the market can move so far up on the simple news of a meeting being scheduled to talk about solving the debt crisis yet we do not have reciprocity for the negative news. I am not a conspiracy follower but I certainly would like to know what the people "managing" this debt crisis have in their portfolios. This may be the biggest insider trading/market manipulation the world has ever seen!

 

[Birchtree]

Negative headlines tend to produce the strongest advances in a bull market - and yes we are still in a bull market. The only thing we have to fear is no fear. The market could simply be anticipating a renewal of QE3. A market PE ratio of 12 puts the Dow at 13,200. Wait for it.

 

[Murphys_Law]

Interesting article. Wish i could disagree with this.

http://www.marketwatch.com/story/eu-bank-failures-will-crash-wall-street-again-2011-10-18

 

[Khotso]

I just saw that report as well. It makes one wonder how the market can move so far up on the simple news of a meeting being scheduled to talk about solving the debt crisis yet we do not have reciprocity for the negative news. I am not a conspiracy follower but I certainly would like to know what the people "managing" this debt crisis have in their portfolios. This may be the biggest insider trading/market manipulation the world has ever seen!

Hmmm ... bigger than the lead up to 2008? That would be downright scary! Fits though ... almost Halloween!

 

[Sensei]

[h=1]U.S. rating likely to be downgraded again: Merrill[/h]
http://news.yahoo.com/u-rating-likely-downgraded-again-merrill-165346478.html


Anybody else see this? Significant? After what happened in July & August centered around the debt ceiling and S&P downgrade, it gives me a sinking feeling for the outlook of the market over the next month or so - especially after this recent run-up. Are Moodys & Fitch as significant as S&P?

 

[nnuut]

9%?
Nov. 4, 2011, 8:37 a.m. EDT
Stock futures gain on jobs report
http://www.marketwatch.com/story/us...jobs-report-2011-11-04-837580?dist=beforebell

 

[RealMoneyIssues]

9%?

One quick question, who puts this out???

The Labor Department

Enough said

 

[nnuut]

One quick question, who puts this out???

The Labor Department

Enough said

It surely will be revised, but to WHAT?

 

[nnuut]

Here we go!
Nov. 4, 2011, 9:15 a.m. EDT
U.S. stock futures slip after of payrolls data

Greek Prime Minister George Papandreou faces confidence vote
http://www.marketwatch.com/story/us...d-of-payrolls-data-2011-11-04?dist=beforebell

 

[RealMoneyIssues]

Here we go!
Nov. 4, 2011, 9:15 a.m. EDT
U.S. stock futures slip after of payrolls data

Greek Prime Minister George Papandreou faces confidence vote
http://www.marketwatch.com/story/us...d-of-payrolls-data-2011-11-04?dist=beforebell

It wasn't the payrolls data... Italy is having problems which is weighing on the Euro, boosting the dollar.

 

[nnuut]

A Tangled Webb of IDIOCIES.

 

[Warrenlm]

So with permanent unemployment staying at 9% for a long time and total with underemployment staying at 16% for the same time, what does that portend for unemployment costs, medicaid costs, and the other transfer payment programs' impact on federal and state budgets and need for tax revenue and more "fees" to nickel and dime the ones paying into the system? Is the "market" going to conclude that money is to be made now that labor costs are under control and world wide opportunities exist? (Regardless of the 2012 election and the growth/shrinkage of government decision). That seems to be Dennis' belief and it is time to capitulate and go in long term?

 

[nnuut]

Nov. 12, 2011, 4:09 p.m. EST
Italy OKs economic reforms; Berlusconi resigns

By Ruth Mantell and William L. Watts, MarketWatch

WASHINGTON (MarketWatch) — Italy’s lower house of Parliament passed a debt-cutting budget bill Saturday, and Prime Minister Silvio Berlusconi, as expected, resigned as prime minister, clearing the path for a new government led by Mario Monti.
http://www.marketwatch.com/story/italy-expected-to-ok-economic-reforms-2011-11-12

 

[nnuut]

[h=1]Italian bond yields finally head lower[/h]By Aaron SmithNovember 11, 2011: 12:31 PM ET
http://money.cnn.com/2011/11/11/markets/bondcenter/italian_bond_yield/index.htm?iid=HP_River

 

[weatherweenie]

http://finance.yahoo.com/news/third-quarter-growth-revised-down-134048717.html

[h=1]Third-quarter growth revised down to 2.0 percent[/h]