Many companies claim to be discount brokers. But there is no definition of the term. Charles Schwab was a pioneer in discount trading, but other online trading firms offer lower prices. The ultimate in low-commission trading is $0 per trade, and that model is about to hit the street. “Robinhood”, a new app in the works has a huge waiting […]
Systemic Fear Not As High As It Once WasWhy was the stock market able to break out from the 13-year consolidation pattern we covered last Friday? The bigger picture answer may lie in the answers to these five sub-questions:Does economic data support an imminent recession? Is Europe on the brink of a currency crisis? Are the technicals screaming be careful? […]
Most Americans are not exactly sanguine about the economy. As CNN reports, according to its latest polling:Nearly 70% said the economy is generally in poor shape, and only 32% rated it good.
Could have something to do with the 4 million or so Americans who are considered “long term” unemployed and are not likely to be helped much by such […]
Social media came to a much different initial verdict about the first presidential debate than did the early polls and the conventional press, according to an analysis of the conversation on Twitter, Facebook and blogs by the Pew Research Center’s Project for Excellence in Journalism. On both Twitter and Facebook, the conversation was much more critical of Mitt Romney than it […]
