A very interesting correlation between the liklihood that Obama gets re-elcted and the rising markets today.
Read more http://economy.money.cnn.com/2012/09...cks/?iid=HP_LN
After Draghi and the ECB's bond buying program and data that beat expectations supplied the fuel necessary to send all three markets rallying to the highest levels in years! Read more http://money.cnn.com/2012/09/06/inve...id=mkt_SF_news
After promising to do "whatever it takes" to save the euro, ECB president Mario Draghi failed to present a clear strategy this morning.
Read more below:
A glitch at Knight Capital this morning resulted in a program that was intended to run over a couple days executing everything in a couple of minutes. Read more below:
The FED just announced they are keeping rates near zero and re-stated their commitment to action if the economy continues to slow.
Trading is uncertain as traders await the results from the latest 2 day FED policy meeting which will be announced today at 2:15 EST. Read more below.
News of JPMorgan's bad trade has been talked about since they released the news last month stating they could see $2 billion in losses. Thursday, a new report says that the losses from that same trade can be as high as $9 billion, 450% more than the previously anticipated figure.
For more, read http://news.yahoo.com/report-jpmorga...--finance.html
The Dow Jones (DJIA) dropped 138 points (1.1%) and the S&P 500 fell 21 points (1.6%) as expectations of the European leaders summit later this week dropped. Even though the leaders are gathering to discuss ways to "boost economic activity", "investors are skeptical that Germany will back more radical moves to share the debt burden of struggling euro area governments."
"Investors have all too often seen these summits before ending with little in the way of a resolution," said Campbell. "The markets are crying out for the bazooka that will put an end to the uncertainty, but unfortunately Europe's paymaster Germany is unwilling to pull the trigger."
Read more here: http://money.cnn.com/2012/06/25/inve...d=SF_INV_River
The markets can sign a temporary, albeit small, sigh of relief now that the conservative New Democracy party seems to have won the Greek Elections. The New Democracy has every intention of staying with the Euro and also continuing with the current Bailout Plan. Although there are already rumors that there will be another election in 4-8 months, for now it seems Greece won't leave the Euro. Read more below...
Friday marked the first day since November that the Dow Jones Industrial Average posted back to back daily gains of over 100 points! With anticipation growing in Greece for the outcome of today's election and concerns in Spain and Italy the markets have been quite volatile. Read more below: