Despite fresh rounds of saber-rattling in Washington recently, everyone seems to be sticking to their long-practiced scripts at the U.S.-China Strategic and Economic Dialogue meetings in Beijing.
About one-third of employers subject to major requirements of the new health care law may face tax penalties because they offer health insurance that could be considered unaffordable to some employees, the New York Times reports.
Euro weaker again as the Bank of Spain is taking over CajaSur, a thrift that has high levels of property loan defaults. While Europe is weaker, it has come off their lows, as have U.S. stock futures. Oil higher, copper higher, gold higher. Elsewhere: Still trying to figure out where the financial regulatory bill will come down...
Anxious and angry, Americans are not in a congratulatory mood. That's bad news for President Barack Obama and his Democratic allies.
In the investment strategist world, I tend to be pretty cautious. I do believe that while economies are recovering, it's going to be a long difficult climb from years of excesses.
What’s ahead? Traders expecting choppier markets for the rest of the year. Remember what happened: going into May, traders were not only long the market, they were short volatility... Now the volatility bets are off. They were forced to buy volatility for the past couple weeks, culminating in a buying frenzy this week.
Europe closes near its highs, most country indices on either side of up or down 1 percent. After a miserable week, stocks, bonds, the euro and commodities ALL up. Stocks at highs for the day. It's not hard to understand why...
The Senate on Thursday approved a far-reaching financial regulatory bill, 59 to 39. Democratic Congressional leaders and the Obama administration must now reconcile it with the House bill that was passed in December.
Germany's parliament approved the $1 trillion effort to stabilize the euro, though the opposition Social Democrats voted to abstain. The German contribution will be about $183 billion, as well as a $22.4 billion euro contribution to Greece. The US Senate passage of their version of the financial reform bill still creating uncertainty...
How oversold were we midday? At levels we have rarely seen. I have struggled to explain how truly rare the market internals have been this week, and especially today. Here are a few examples.
How much would the SEC single-stock circuit breaker have helped on the big market drop on May 6? Jeff Rubin at Birinyi Associates put out an interesting note this afternoon, about what would have happened on May 6 if the SEC single stock circuit breaker had been in effect.
The markets have come off their lows as the euro has rallied against the dollar, yen, and Australian dollar. The rumor is of intervention...maybe, but last time the ECB itself intervened was years ago...it is possible that constituent banks like the Bundesbank or the Swiss National Bank may have intervened, but even then it is a fairly rare occurrence.
I have been asked if the single-stock circuit breaker rules that were recently proposed by the SEC are in effect. The answer is no. The SEC stated that there would be a 10-day public commentary period on the new rules once they are published. ... The rules have not yet been published in the Federal Register, so the 10-day comment period has not even started.
Federal regulators and U.S. securities exchanges have a new plan to keep an epic dive in the stock market from happening again.
Many of the top hedge funds have had to readjust their investment strategies to reduce risk amid volatile global markets.
His critique of the feds and how you can still make money in spite of them.
Cramer's analysis on 10 stocks in different sectors.
Would it be better if Greece got out of the EU? The euro rallied today, and while there were rumors of intervention by the ECB that certainly helped, a number of traders noted that rumors that Greece might leave the ECB (later categorically denied by a government spokesperson) was viewed as a potential positive for the EU...and the euro.
Many traders a bit baffled as to why the SEC excluded exchange-traded funds from the new circuit breaker rules. Especially hard to understand, since two-thirds of the securities that had busted trades were ETFs. Regardless, this may create some real volatility in ETFs.
Trader commentary is a bit incredulous this morning over what is going on in Germany. For example, the restrictions on naked short selling of CDS has no teeth because most CDS is traded out of London, and Germany has no jurisdiction there. Even the French aren't going along with this.