Stocks opened sour on Tuesday with all three big indexes in the red, trailing Asian and European indexes. What happened? Mostly, traders seemed nervous ahead of the Fed minutes for the Aug..7 the meet, that put its fed fund rate at 5.25 percent for the 9 straight time. Fed watchers are hoping for a rate […]
Asian, European Markets Start The Week On a Positive Note
On Friday, Wall Street ended higher with the Dow closing up 2.3 percent, the NASDAQ composite gained35 points, while the S&P500 added 16 points. On Monday, Asian indexes closed higher with Japan’s Nikkei up 0.32 percent, the Hong Kong blue chip, the Hang Seng index up 2.86 percent. In Sydney, the ASX100 was up 1.52 […]
Contagion To Asia Confirmed With Bank of China Holding $10 Billion In Subprime Securities
As of 12:52 Eastern, Wall Street is in the green after positive reports from the Commerce Department regarding new home sales and U.S.-made durable goods. Those reading from July – so they indicate that the economy is still vibrant and growing prior to the credit debacle, which really went buzurk in August. All three big indexes […]
Dog meat, a delicacy threatened in the Uplands.
Baguio City – Since the Philippine congress enacted into law Republic Act 8485 or the animal welfare act, its immediate implementation was strictly enforced nationwide. Although, R.A. 8485 was unanimously approved and hailed by both the lawmakers and the animal rights advocates, the traditional dog meat eaters of the uplands – most especially the cultural […]
Miracle On Wall Street As Fed Intervenes In Favor Of Borrowers
<p>After a surprise move by the Fed to slash its “discount window” rate to banks that borrow, U.S. stock futures surged ahead pointing to a higher open. And it was a higher open. Well into the open, by 10:09 am, the Dow added 1.78 percent, the tech-heavy NASDAQ gained nearly 2 percent, while the S […]
Central Banks Pump $$ Into Money Markets
<p>Wall Street has opened, and stocks are taking another beating on Friday on the credit market reprisal. The Dow is down almost three quarters of a percent, the NASDAQ down about a percent, and the S&P500 down three quarters of a percent.</p> <p>Global markets are selling despite central banks flushing money into the system. The European […]