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Guest Post: Dangerous Economic Misconceptions

Submitted by Giordano Bruno of Neithercorp Press Dangerous Economic Misconceptions By Giordano Bruno Neithercorp Press – 09/07/2010 For many years, economics in the U.S. has been approached with a ‘game show’ mentality. Wild and backwards speculations on financial growth have become the norm. The daily ‘Wall Street Journal’ and ‘Washington Post’ musings of international bankers and their servile ...

Morning Watch, August 17

Earnings and takeover talk overshadow economic data, allowing stocks to move higher Tuesday. The bears have been firmly in control the past week, but the bulls have awakened this morning. Positive earnings results from Wal-Mart ( WMT ) and Home Depot ( HD ) and a couple of merger announcements have provide the incentive to buy. Housing starts were a disappointment this morning, but industrial ...

Closing Wrap-Up, August 17

Bulls come out of hibernation thanks to merger activity and earnings news. The Dow ( ^DJI ) gained 103.84 points to close at 10,405.85. The S&P 500 ( SPX ) tacked on 1,092.54 with the Nasdaq ( COMP ) adding 27.57 points to 2,209.44. Volume remained on the light side with the NYSE trading 981.1 million shares and the Naz turning over 1.74 billion shares. Market breadth was positive on the session ...

Morning Watch, August 16

Option expiration week gets off to bearish start on continued concerns about the global economy. Last week, the major market indices all fell at least three percent, putting these indices into negative territory in 2010. Markets in Asia finished lower on disappointing economic news out of Japan with indices in Europe following suit. Traders have gotten data on business activity in the New York ...

Morning Watch, August 12

Futures point to lower open following disappointing jobless claims data. On Wednesday, stocks fell sharply on worse than expected economic data. This was accompanied by a widening trade deficit for the U.S. and cautious comments from the Fed. The major market indices fell below initial levels of support, which left these indices back in the middle of their summer trading ranges. Jobless claims ...