Broad advance not felt too deeply
Monday's stock rally was broad but not deep. Trading volume was only slightly above the volume in recent days on the New York Stock Exchange and Nasdaq stock market. Advancing...
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Summer’s heat didn’t melt big banks, stocks
As the third quarter of 2007 draws to a close Friday, it's important for investors to consider what didn't happen as well as what did. BlackBerries and other personal communication...
Investors cheer hot oil, cold homes
Stocks moved higher in moderate trading Thursday, thanks to a rally in oil-related stocks that accompanied another increase in oil prices. Wall Street cheered a worse-than-expected report on new-home sales...
Credit crunch may turn profit reports to mush
The next shoe to drop in what has become known as the subprime mortgage mess will be third-quarter corporate financial reports. On Wednesday, Standard & Poor's estimated that third-quarter profits...
Rates don’t negate consumer gloom
Stocks closed mostly lower Tuesday, as downbeat economic reports from Main Street concerning consumer confidence and existing-home sales competed with growing optimism on Wall Street that the Federal Reserve might...
Since Fed rate cut, long bonds have gotten short shrift
Nervous investors around the globe often anchor their portfolios in supersafe U.S. Treasury securities. But even the sanity of Treasury investing is looking a little crazy these days. - The...
Strike, rate cut echo theme of economic stress
Active investors, like everyone else who tracks economic news, received two major surprises in less than a week. Despite obvious differences, they are not unrelated. Last Tuesday the Federal Reserve...
Go crazy: Dollar sinks below loonie
They broke out the Moosehead beer Thursday in the Chicago office of BMO (Bank of Montreal) Capital Markets. For the first time in nearly 31 years, it look less than...
Happy days aren’t here again despite rate cut
The strains of "Happy Days Are Here Again" floating around Wall Street the last two days prompt a historical reminder. The song, which became the anthem of the Franklin Roosevelt...
Size of rate cut surprises traders
Stocks shot higher Tuesday, after the Federal Reserve surprised most traders by cutting its short-term interest rate target by half a percentage point, to 4.75 percent. Most analysts had expected...