Monthly Archives: January 2011

Markets advance despite concerns about Egypt

The Egyptian streets continued to erupt today, with protestors jamming public squares, the police in little-to-no control, and the army solidifying in central locations. Multinational organizations began a halt to operations in the country. Various groups called for a million… Continue reading

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The week ahead, the week behind

A dismal Friday sent the major indexes lower for the week, with the S&P 500 losing 0.55%. An uprising in Egypt intensified on Friday, causing oil prices to surge and the Dow to close well below 12,000 after flirting with… Continue reading

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Egypt: How will unrest affect the markets?

Aristotle wrote that humans are political animals, and being human means being able to reason and express emotions and ideas. In my opinion, the decision by Egyptian President Hosni Mubarak’s regime to cut off citizens’ ability to communicate was a… Continue reading

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Egypt boils, stocks cool

The major indexes retreated sharply in an apparent response to growing political unrest in the Middle East, particularly in Egypt. The Dow lost 166 points, the Nasdaq fell by 68, and the S&P 500 declined by 23. Twenty-eight of the… Continue reading

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On the Trading Desk: Tactical opportunities in volatile markets

In volatile markets, it’s important to have fund managers who can take advantage of tactical opportunities. Here to tell us about what’s new with the Wells Fargo Advantage WealthBuilder PortfoliosSM is Doug Beath, one of the three portfolio managers of… Continue reading

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Gross domestic product: The swing factor

Real gross domestic product (GDP) for the fourth quarter increased by 3.2% (seasonally adjusted and annualized), driven by strong consumer spending and exports. Exports grew by 8.5%, and consumer spending increased by 4.4%. These are positive signs. Disposable personal incomes… Continue reading

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The not-so-dumb-anymore post

A strong earnings report from Caterpillar sent the Dow over the 12,000 line again, but it slipped back to close higher by only 4 points at 11,989. The Nasdaq gained 15 points, and  the S&P 500 advanced by 2. Twenty… Continue reading

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Links, news, and diversions

It still pays to have a college education. Early election called for in Ireland as Green Party withdraws from coalition. The New York Times to launch a paywall for online content. Some context about the recent dismal S&P/Case-Shiller housing index… Continue reading

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FOMC statement: Subtle, but significant changes

The Federal Open Market Committee (FOMC) again commented that the pace of economic recovery is “disappointingly slow.” There were few changes to the actual policy statement, but there are three things of significance with this most recent change: The FOMC… Continue reading

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Can’t get there from here

The markets rose on a unanimous Fed decision to stay the course and a mostly positive reaction to President Obama’s State of the Union address, during which he called for a cut to the corporate tax rate. December new home… Continue reading

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