What Happens Next After 900 Point Rally
Bulls: Treasuries will do everything they can to jump-start bank lending. The government is now providing capital to and insuring the debt of these banks, so their solvency is no longer in question. This means we have bottomed and up we go. Bears: We have a long way to go from the bottom, this was [...]
A Bear Market History
Last Friday’s rollercoaster action, with the Dow Industrials swinging wildly from negative to positive, and back down again to end the day down 128 points, capped off one of the worst weeks in U.S. stock market history. That gave the blue chips an 8-day loss of just under 2,400 – or 22.1%. To put it [...]
All Signs Point To A Recession
The index of leading economic indicators fell for the third time in four months in November, signaling an increasing risk of a U.S. recession. The deepest housing slump in 16 years is likely to worsen as foreclosures mount and banks restrict lending, economists said. Declining property values and rising energy costs may also hurt consumer [...]