Thomson ReutersA man walks inside the Athens Stock Exchange in GreeceATHENS (Reuters) – Greek bank shares sold off sharply pressure for the third day in a row on Wednesday with the bank sector share index losing 14.8 percent in early deals.The broader market reversed small opening gains to trade lower, dragged down by the banks which comprise about 20 percent […]
Bloomberg TVLaszlo Birinyi thinks the S&P 500 can hit 3,200 by 2017.That would be a 52% jump from where the benchmark index was trading on Tuesday afternoon. In an interview with CNBC on Tuesday, Laszlo Birinyi of Birinyi Associates said: “Most people don’t realize that we are now in the second greatest S&P rally in history, and we are actually ahead of the 1990 […]
Related BZSUMMid-Morning Market Update: Markets Edge Higher; Coach Beats Q4 ExpectationsMid-Day Market Update: Monday’s Top 10 Volume StocksRelated Morning Market GainersBenzinga’s Top #PreMarket GainersMidday Gainers / Losers(Seeking Alpha)Chinese Premier Li Keqiang expressed his anger by criticizing financial and economic officials in China for allowing its stock market to plunge in a meeting with officials on July 4. China took another […]
There’s nothing more important to stock prices than earnings and expectations for earnings growth. Earnings, or net income, is literally the bottom line.While that’s a principle that plays out in the market in the long-run, it unfortunately isn’t promised in the short-run.Take this chart FactSet’s John Butters updates regularly. It shows the trajectory of the S&P 500 with the trajectory […]
REUTERS/Jason ReedChina is trying hard to hold up its stock market.The first sign of a full-blown crisis is when the government tries to ban short-selling, and China is no exception.Short-sellers borrow stocks and immediately sell them off, reasoning they can buy them back at a lower price in the future and pocket the difference.But their negative bets put downward pressure […]
Stock Market SPX Triggers Sell SignalStock-Markets / Stock Markets 2015Aug 03, 2015 – 05:43 PM GMTBy: Anthony_CherniawskiSPX has now crossed below both the 50-day Moving Average and the 2-hour mid-Cycle support at 2097.72. SPX is back on an aggressive sell that becomes a confirmed sell below the 200-day Moving Average at 2069.43.TYX/TNX both appear to have finished their declines for […]
Related GMNHTSA Comes Down Hard On Auto Industry; Fiat Chrysler Gets Slammed3 Developing Stories Auto Investors Are Watching CloselyTrucks Haul GM, Ford Sales Up But EV Leaf Zapped(Investor’s Business Daily)Related FMid-Day Market Update: Friday’s Top 10 Volume StocksMid-Day Market Update: Wednesday’s Top Volume StocksTrucks Haul GM, Ford Sales Up But EV Leaf Zapped(Investor’s Business Daily)After minutes of Greece’s stock market […]
Greece’s stock market reopened after five weeks to the most savage wave of selling in decades, underlining a crisis that’s crippled the economy and pushed the country’s euro membership to the brink.Banks led the plunge following the shutdown, which was due to capital controls to prevent the lenders from bleeding more deposits. Piraeus Bank SA and National Bank of Greece […]
For Aug. 3, 2015, here are your stock market futures, earnings reports, top stock market news, and stocks to watch…Stock Futures TodayU.S. stock futures for Monday, Aug. 3 forecast a nine-point gain for the Dow Jones Industrial Average despite news that Greece’s stock market crashed this morning after reopening for the first time in five weeks. The Athens Stock Exchange cratered more than 22% […]
Backyard steel furnaces
I take no position one way or the other on any Chinese stock market crash, including the most recent one. And despite a fairly high investment risk tolerance (I bought a Russia fund right after Boris Yeltsin fired his fourth president), I have never purchased a Chinese stock. My having to deal with China company books and records as a […]
