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Monthly Archives: September 2011
The major indexes closed the third quarter in retreat. The Dow lost 240 points, the Nasdaq fell by 65, and the S&P 500 declined by 28. Twenty-nine of the Dow’s 30 components lost ground, led by Hewlett-Packard (HPQ), which lost… Continue reading
There’s no shortage of distractions for international bond investors: The downgrade in the U.S. credit rating, the eurozone struggling for footing, and major economies revising growth expectations are just a few. How does an international fixed-income investor cut through the… Continue reading
Personal income decreased 0.1% while consumption expenditures increased 0.2% in August, according to the Bureau of Economic Analysis. Adjusted for price changes, real disposable income decreased 0.3% in August, while real personal consumption expenditures decreased 0.1%. In August, 17.6% of… Continue reading
The major indexes rose sharply in the morning following better-than-expected jobs data and news that Germany increased support for the European bailout efforts. But the morning rally faded in the afternoon before rallying into the bell. The Dow gained 143… Continue reading
A college student’s ability to pay may now be one of the factors in whether or not he or she is accepted. What choices would you need to make to live for a month on $9 an hour? Try this… Continue reading
A big rally in the morning quickly dissipated, with the market drifting into negative territory for most of the day before the fall accelerated in the last hour of trading. In what’s becoming a common refrain, investors worried about Europe… Continue reading
Lyle Fitterer, CFA, head of the Tax-Exempt Fixed-Income team at Wells Capital Management, has a new piece out today on how the low issuance of municipal bonds recently could provide price support. From the piece: Historically, the third quarter (specifically… Continue reading
The major indexes surged higher for most of the day on hopes that a solution has been found to the European sovereign debt quagmire, particularly Greece’s, as the country pledged to keep up with its budget cuts and avoid a… Continue reading
Anticipation that a fix was in the works for the eurozone mess lifted stock markets in Europe and the U.S., although no details were officially released about any possible deal. The Dow advanced 272 points to regain the 11,000 mark,… Continue reading
Following a week with five-straight days of stock market gains, the major indexes took a tumble last week on disappointment about the Federal Open Market Committee’s “Operation Twist” and concerns about deteriorating global economies, particularly Europe’s sovereign debt situation. All… Continue reading