Stocks Tumble, Recession worries, Standard & Poor 500 Index worst nine day slump since March 2009, Jobs reports dismal From Bloomberg August 4, 2011. “A global rout in equities drove the Standard & Poor’s 500 Index to its worst nine-day slump since March 2009, while two-year Treasury yields plunged to a record low amid concern [...]
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May pending home sales plummet, Down 30 percent From Bloomberg July 1, 2010. “The number of contracts to purchase previously owned houses plunged in May by more than twice as much as forecast after a homebuyer tax credit expired. The index of pending home resales dropped 30 percent from the prior month, figures from the [...]
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Bear market signal, Wednesday, June 30, 2010, Dow theory From Market Watch June 30, 2010. “At least according to some interpretations of the venerable Dow Theory, a bear-market signal was generated at Wednesday’s close, when both the Dow Jones Industrial Average /quotes/comstock/10w!i:dji/delayed (DJIA 9,774, -96.28, -0.98%) and the Dow Jones Transportation Average /quotes/comstock/10w!i:djt (DJT 4,008, [...]
Retail sales in US fall, June 11, 2010, Consumers saving, Sales decreased 1.2 percent From Bloomberg June 11, 2010. “Retail Sales in U.S. Fall as Consumers Boost Savings” “Sales at U.S. retailers unexpectedly dropped in May, signaling consumers boosted savings as employment slowed and stocks fell. Purchases decreased 1.2 percent, the biggest drop since September [...]
George Soros, We have Just Entered Act II of Crisis, Europe’s fiscal woes worsen From Bloomberg June 10, 2010. “Soros Says ‘We Have Just Entered Act II’ of Crisis” “Billionaire investor George Soros said “we have just entered Act II” of the crisis as Europe’s fiscal woes worsen and governments are pressured to curb budget [...]
May payroll numbers lower, Employers hired fewer workers From Bloomberg June 4, 2010. “Payrolls in U.S. Increase in May Less Than Forecast” “Employers in the U.S. hired fewer workers in May than forecast and Americans dropped out of the labor force, showing a lack of confidence in the recovery that may lead to slower economic [...]
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US economy may be cooling, Corporate forecasts, Soft retail sales From Daily Finance May 22, 2010. “Forget Europe: Signs of a Slowdown in the U.S.” “Financial markets around the world are fixated on Europe as it grapples with its debt woes. Though probably overdone, investor paranoia is understandable. The fallout for the global economy would [...]
From Bloomberg, May 21, 2010, 9:15 ET. “Stocks Sinking to Crash Low Signals Worse to Come” “ Any investor who wants to gauge how serious the stock market’s retreat is need only know the Standard & Poor’s 500 Index fell yesterday to within 6 points of its low on May 6, when panic selling prompted calls [...]
