Monthly Archives: May 2011

Daily Advantage turns 10 on the excitement of discovery and the humor of wits

The major indexes closed the month with a rally, sparked perhaps by hopes that the European powers will extend another bailout package to Greece. The Dow gained 128 points, the Nasdaq rose by 38, and the S&P 500 advanced 14…. Continue reading

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Ten years of Daily Advantage—memorable moments

Wells Fargo Daily Advantage just turned 10, which put us in a nostalgic mood. We combed through the archives to find memorable moments from the past ten years and found too many to count. Below are a few favorites of… Continue reading

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Consumer confidence or discontent?

Consumer confidence, as measured by The Conference Board’s index, fell to 60.8 in May, a significant drop from April’s number. Not only did the present situation component of the index decline, so, too, did the expectations component. However, despite declining… Continue reading

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The week ahead, the week behind

So far during this recovery, manufacturing strength in the U.S. has been able to somewhat counter the weak jobs picture and moribund housing market, but the past few weeks have shown signs of a slowing manufacturing sector. Last week continued… Continue reading

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Scooters are hot, gasoline’s not

The major indexes advanced modestly on light volume as many Wall Streeters headed for the doors early to begin the holiday weekend. The Dow gained 38 points, the Nasdaq rose by 13, and the S&P 500 advanced 5. Twenty-three of… Continue reading

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On the Trading Desk – What’s ahead for taxable bonds?

The path of the economy affects decisions of the Federal Reserve, and those decisions affect the choices professional investors make when managing their funds. So, in light of the economy’s path, what’s ahead for taxable bonds, and where might opportunities… Continue reading

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B-schools in search of “the force”

The major indexes retreated in the early hours on weak economic signals, and then they rebounded to close modestly higher for the session. The Dow gained 8 points, the Nasdaq rose by 21, and the S&P 500 advanced 5. Nineteen… Continue reading

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Happy birthday DJIA

Today marks the 115th anniversary of the creation of the Dow Jones Industrial Average.  While it’s not the most representative index of our economy, it is the most iconic.  To celebrate, we’ve put together a few lesser-known facts about the… Continue reading

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Links, news, and diversions

LinkedIn took off last week. Here’s a list of other hot IPOs over the past 30 years. Morningstar on the debt limit debate. China finds that central planning isn’t easy: Chinese utilities rebelling at price controls. What does LinkedIn’s valuation… Continue reading

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A late April Fools’

The major indexes were relatively calm, despite further confirmation of a slowing manufacturing sector in the form of declining durable goods orders in April. Yet another report showed home prices declining significantly year over year, a sign that the housing… Continue reading

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