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...March 23, Treasury Secretary Timothy Geithner unveiled the Obama Administration's toxic-bank-assets plan. The stock markets cheered the news, sending the Dow up 497 points...
...What cannot be known but can be inferred from the information available now is that the perception of potential home buyers is that prices will go lower. Home buyers are not jumping into the market the way stock traders did a month ago when they were convinced that the S&P was as low as it would...
...will be scarce. Alcoa said that the first quarter would be a bad quarter. The company said it would lose money. In the first quarter, Alcoa lost $.59 after charges for discontinued operations. Reuters predicted that the loss would be $.54. This was close enough for government work. The stock dropped 3% after the announcement. In short, there was no shocking news because Alcoa made sure there would not be any. (See pictures of the Top 10 scared traders...
That leaves investors and traders who look at earnings as essential to their decisions in a huge fog bank which does not show any sign of lifting. And, it won't. Buying and selling stocks is now based more on rumor and momentum than it has been at any time in recent memory. The last period like this may have been early 2000 during the Internet stock craze. This time around, obscure banks analysts can turn the market against the sector. News that Steve Jobs was seen at a 7-Eleven in Fresno can drive Apple (AAPL...
...Aden and Strait of Hormuz to their ports. Defending those supplies is one reason both are building bigger and bigger navies. China's navy, with more than 300 ships, may in fact soon surpass the U.S.'s as the world's largest. Beijing is certainly sparing little to stock its ships with armaments. India, in the meantime, is acquiring several nuclear-powered submarines to augment its 155 military vessels in the ocean that bears its name...