August 5th, 2011
The S&P 500 triggered a scary technical signal — a head and shoulders pattern in the chart — leaving investors to wonder if it’s the sign of more selling to come — or just a head fake.
The so-called head and shoulders pattern is formed when the chart pattern shows three rallies, with the middle rally [...]
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August 5th, 2011
The Toronto stock market was slightly lower mid-afternoon Wednesday while commodity prices backed off as another raft of economic data failed to reassure investors about the state of the U.S. economy.The S&P/TSX composite index was well off early lows, down 39.6 points at 12,712.72 after earlier plunging as much as 184 points. The TSX Venture [...]
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August 5th, 2011
For investors who endured the bruising downturn and were seeing green again in their 401(k)s, Tuesday’s Wall Street tumble was a rude awakening – and a reminder that retirement savings are not always secure.”People are frightened,” said Scott Brewster, a certified financial planner with Brewster Financial Planning in Park Slope, Brooklyn. “Everywhere we turn, there [...]
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July 20th, 2011
U.S. President Barack Obama is to meet Wednesday with senior congressional lawmakers for budget talks, the White House says.
The meeting was scheduled to start at 2:50 p.m. ET.
White House spokesman Jay Carney also signaled a position shift by Obama in a bid to resolve the impasse that has less than two weeks to go before [...]
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July 20th, 2011
Canada’s benchmark stock index was showing moderate gains at midday Wednesday as continued gains in the price of oil offset a drop in the price of gold.
The S&P/TSX composite index was ahead by 19 points, or 0.14 per cent, to 13,352, with the financials and energy sectors leading the advance.
The price of crude oil was [...]
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July 13th, 2011
Stock Market: Stock buybacks: That’s what most companies do when they buy their own shares. But how you can avoid the trap.
FORTUNE — In 2006 and 2007 timber giant Weyerhaeuser (WY) conducted one of the biggest share buybacks in its history. It unleashed $800 million to purchase its shares, which were dancing near an all-time [...]
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July 13th, 2011
NEW YORK (CNNMoney) — After spending two months focused largely on the state of the U.S. economy, investors will get a chance to turn their eyes back to Corporate America this week.
Several key companies will report their results for the second quarter this week, with investors getting profit reports from Dow members Alcoa (AA, Fortune [...]
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July 13th, 2011
NEW YORK (CNNMoney) — Fear is running high in the bond market.
Treasury prices began the week sharply higher, sending the benchmark 10-year yield below 3% for the first time since June 27.
“Being under 3% means a fear trade — we need to get back to at least 3% to have more confidence,” said William Larkin, [...]
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June 6th, 2011
The first quarter comes to a close today with major averages at or near multi-year highs. Expect “substantial” further gains for stocks before a “major top” occurs in late summer, says noted forecaster Harry Dent, founder of HS Dent and The Dent Method.
The good news, for those long, is Dent predicts the Dow will trade [...]
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June 6th, 2011
The bullish forecasts are dangerously wrong. Psychologically, it’s hard for investors to ignore the happy talk and pull back from the market, but they should do so soon.
Politicians lie. Bankers lie. Yes, they’re liars. But they’re not bad; it’s in their genes, inherited. Their brains are wired that way, say scientists. Like addicts, they can’t [...]
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