Category Unemployment

DOW Near 17K On Upbeat Economic Data; ECB Rate Cut

DOW Near 17k On Upbeat Economic Data — So Says Barron’s http://www.fortunascorner.wordpress.com I tend to believe that the U.S. economy is still anemic and pretty stagnant, considering we’re six years post-recession and growth is still weak and tepid. The strongest, most robust sectors — oil/gas/fraking, is “exploding” in spite of the Federal Government. Having said […]

Fed Chair Bernanke Says Bond-Buying Not ‘A Preset Course’

The Wall Street Journal Markets Alert Bernanke Says Bond-Buying Plans Not ‘A Preset Course’ Employing his clearest language yet, Federal Reserve Chairman Ben Bernanke said that reductions of the central bank’s $85 billion-a-month bond-buying program are “by no means on a preset course” and that the Fed could leave the program intact—or even increase purchases—if […]

CLDX +14% On Friday; GIMO +13.31%; SRPT +2.68%

CellDex (CLDX) Rises 14%, GIMO +13.31%, SRPT +2.68% On Friday What a run for CLDX last week. The shares closed out Friday up $2.62 to $21.27 for a gain of 14.05% and over 30% for the week. I believe the shares could still go considerably higher and I wouldn’t be shocked to see the shares […]

Fed Seen Slowing Stimulus With QE Cut By The End Of This Year

May 1 (Bloomberg) — Chairman Ben S. Bernanke will probably reduce the Federal Reserve’s monthly bond buying in the fourth quarter to $50 billion from $85 billion as he begins to unwind record stimulus, economists said in a Bloomberg survey. Policy makers must find a way to slow the pace of purchases enough to signal […]

ADP Rpt. Says 119K New Jobs In April – Well Below Consensus

Consensus leading into this number was 155K — so, this is — to say the least disappointing. Chicago PMI yesterday was below 50. Two days ago I wrote that I thought we are ripe for a correction here. The economy is sputtering — this, after a $1T in stimulus, the Fed’s QE/asset buying spree, etc. […]

China Is Repeating Japan’s Economic Mistakes

I don’t agree with Mr. Das and I think he is off base in his conclusions. Having said that, we don’t learn much by only reading what we agree with. April 18, 2013, 12:02 a.m. EDT China is repeating Japan’s economic mistakes Commentary: Wasteful investment and spending stunts growth By Satyajit Das Reuters A man […]

Where Does Stock Mkt Go From Here? IT Spending In 2013

S&P Move Past All-Time High; Portfolio For 2nd Half of 2013; GDP Forecasts The S&P moved past its all-time high of 1565 (reached Oct. 2007) and closed at 1569 on Thursday, March 28 &, the last trading day of the first quarter. The S&P rose over 11% for the quarter & both the DOW & […]