Archive for September, 2010
Dow on track for the best September since 1939
I knew it! I had figured that September was shaping up nicely but I didn’t think the market would be so good. This means that earnings might look pretty good. By Hibah Yousuf, staff reporterSeptember, CNNMoney.com NEW YORK (CNNMoney.com) — The summer has come to an end, and so has the market slump that came [...]
Recession May Be Over, but Joblessness Remains
Great article. Yes, the recession has been over for quite sometime BUT “some” media outlets would have you believe it’s the end of the world. Ugh. As much as consumer spending is up a hair, unemployment seems to be lagging. Unemployment will be relative from now on – it’s simple math. Read this article. By [...]
Stocks rally to 4-month highs
Great news! And it’s earnings season! NEW YORK (CNNMoney.com) — A U.S. stock rally continued to pick up speed through Monday afternoon, with all three major indexes closing at four-month highs after a key group of economists called an official end to the recession. The Dow Jones industrial average (INDU) gained 146 points, or 1.4%, [...]
After blah week, stocks to get in gear. No, really
In the coming weeks the latest readings on retail sales, industrial production and both producer and consumer prices. Stocks are coming off an exceptionally light trading week. U.S. markets were closed Monday for Labor Day and trading desks were short-staffed later in the week for Jewish New Year. After one big leap back and three [...]
4 Surprise Bright Spots in the Economy
Interesting article on manufacturing growth American manufacturing has generally been in decline for decades, but the nation’s factories have been key to the current economic recovery. Many analysts predicted manufacturing would fall last month on signs that the global recovery would slow down later this year, but the opposite was true. U.S. manufacturing expanded faster [...]