Not surprisingly, market technicians who were bullish two weeks ago are in a state of despair. Talk about minor support at 1,350 for the S&P 500 is half-hearted at best; the truth is that other than the March closing bottom of 1,273 there is no one willing to draw many lines in the sand here.
Gushing oil prices could swamp stocks in the week ahead, and even if crude pulls back, expect volatility.
J.P. Morgan's strategist Thomas Lee told me this two weeks ago: "I think if oil stays at $130, equities are in big trouble...because there's so much pressure here on corporate America because of this oil price."
Investors wary about the recent volatility in the market should focus on stocks that pay dividends, according to David Costa, dean of Robert Kennedy College in Zurich.
These days, shopping for the best bank (with the fewest fees) isn't as painstaking as it once was -- because now it's all about innovation and choice.
Sick of finding hidden charges all over your bank statements? Yeah, me too. Here's what I'm doing about it.
Fed Chairman Ben Bernanke threw his support behind the dollar and even acknowledged some ownership of the greenback. This is important because the Fed traditionally does not talk about the dollar, leaving that task strictly to Treasury.
Mike Sherman, CEO & Founder of consumer product company Zibra explains the "Open it!", a tool designed to make opening packages easier.
It's sad that it took record high gasoline prices for GM to figure out what it takes to be a competitive global auto maker. It's sad that GM has to go through yet another wrenching restructuring, closing plants and sacking workers from lines that make trucks and big SUVs.
We are turning up the volume on our personal finance coverage with a new blog ... On the Money by Carmen Wong Ulrich.
Hey, most of you were very supportive of our new real-time quotes from Nasdaq ...
The latest shoe to drop came this afternoon when Standard & Poor said it was lowering the ratings of Merrill Lynch, Lehman and Morgan Stanley. Traders, though, say the move was not really a surprise and is trailing the market's view.
I will be out of the office for the rest of the week but I will be back with news posts very soon. See you then.
High crude oil prices have created a new "petrophobia" for the stock market, but traders are watching for an even broader markets trend to guide stocks in the week ahead. They say the dollar's move up in the past week, the parallel rise in Treasury yields and the exodus of money from commodities markets, including energy, would be fundamentally good for stocks -- if it continues.
It's the last day of the month and no one wants to be a hero. But the Street is struggling to find a narrative -- it's not clear where we are, so instead of broad narratives I am getting a lot of little stories. Here are a few observations...
I've been asked repeatedly by traders to explain the puzzling drop in volume we have seen since the start of the second quarter, particularly at the NYSE. Most feel it is due to traders simply stepping back in light of the uncertainty of the market.
Dell up 8 percent pre-open on a stronger than expected report. But oil is up, bonds are reversing their recent decline, and other metals like gold and copper are up slightly today, though a modest dollar rally continues.
It's far too early to call a top in oil (we tried this with oil at $120 at the end of April; the shorts got killed the following week), but certain trends, including dollar strength, decent economic news (revised Q1 GDP up 0.9 percent, not great but not a recession either), a continuing bond decline all helped bulls.
Bulls and bears are engaged in a furious fight today--bulls are emboldened because oil traders sold off oil, despite a bullish drawdown in inventory, and stock traders did not sell off the market when those bullish oil numbers came out.
Major life events present changes and challenges -- emotional, logistical, psychological – and, of course, financial ones. And sometimes it is the last of that bunch that finds us unprepared and leaves us overwhelmed. This need-to-know guide is meant to help.