The Federal Reserve released their minutes from their September 2010 Federal Open Market Committee meeting along with a summary of the meeting’s discussions. In the summary (which you can read here), the committee talks about the struggling recovery, contracted bank lending, high unemployment and slightly increasing household spending. The upshot […]
BP
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On Tuesday September 21st, the Federal Reserve will meet to decide whether or not to continue putting money into the economy by buying bonds, a strategy of the monetary policy known as quantitative easing. Since the Fed rate has already been lowered to near zero (.25 percent), easing interest rates […]
The September issue of the Federal Reserve’s Beige Book (a brief, countrywide economic snapshot created eight times per year) was released today. While the report gives a more comprehensive look at the many sectors of economic activity, the overarching theme was that there were some increases in consumer spending and […]
There is no shortage of impressive models and returns on Covestor.com. One top model is run by manager Alejandro Paschalides, who’s Energy model has done very well so far this month. In order to get an idea of the steps Paschalides had taken to achieve these results, we sent him a few questions […]
Covestor Model Manager Mark Holder gives his take on the BP oil spill and Massey Energy (MEE). With all the focus on BP, everybody has forgotten the damage done to the stock of Massey Energy (MEE) after the explosion at the Upper Big Branch Mine (UBB) in early April. MEE […]
Next week marks three months since the BP Deepwater Horizon explosion and spill, which, in addition to its impact on wildlife, the local fishing industry, and regional tourism, has severely depressed BP's stock price. During the first 2 months following the disaster, BP's stock price decreased sharply, though in recent weeks it has […]
Stocks seemed determined to soar today as the Dow Jones Industrial Average rose over 100 points from Friday’s close just minutes into the session. The Dow maintained a portion of its early morning gain most of the day but unfortunately, ominous mortgage news may have spooked investors resulting in an […]
company operating in the ocean marine, other liability, aircraft and inland marine/fire sectors) improved and showed increased stockholder equity and net
Moody’s reclassification of Greek bonds to junk bond status through a Ba1 rating seemed to dampen investor’s spirits on Monday as the Dow Jones Industrial Average sunk in the last few minutes before closing. The Dow dropped 20.18 points to close at 10,190.89 after spending most of the day with […]
With a chop that would make a sailor sea sick the Dow Jones Industrial Average suffered from the varied whims of investors all day Friday. This reaction is not surprising when you consider the statement issued by Commerce Secretary Gary Locke today regarding May retail sales. In the statement, Locke […]
As the Euro seems to stabilize and European and Asian markets react favorably and economic reports from both Japan and China show growth in the two countries, the Dow Jones Industrial Average took a swing for the better today. Closing at 10,172.60, an increase of 273.35 points, the Dow enjoyed […]
With all Asian and European markets (except Germany’s DAX) down on Tuesday and the Euro reduced to a 4-year low, U.S. investors shifted easily and resolutely into sell mode early this morning. Within just minutes of opening, the Dow Jones Industrial Average dropped over 90 points below Friday’s close. By […]