Monthly Archives: November 2011

Central banks’ move boosts stocks

In a big psychological boost to the markets, coordinated action by central banks around the world—including the U.S.’s Federal Reserve—to shore up bank liquidity led to big stock market rallies worldwide. Solid economic news in the U.S. also helped to… Continue reading

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The end of Europe’s liquidity crisis?

Summary: Earlier today, the People’s Bank of China (PBOC) cut reserve requirements for banks, which should provide a small boost to China’s economy. The Federal Reserve, along with five other central banks in the developed world, took a small but… Continue reading

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What direction are equities headed (excerpt)

John Manley, CFA, recently joined Wells Fargo Funds Management, LLC, as the firm’s chief equity strategist. In this excerpt of the On the Trading DeskSM podcast from Friday, October 28th, 2011, Peter Nulty introduced John to our listeners. They discussed… Continue reading

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Fewer degrees of separation

Eurozone finance officials met in Brussels today, with Italy high up on the list of topics. Yields on Italian bonds continued their push to new record highs above 7.5%. In an Italian bond auction today, yields on the 3-year rose… Continue reading

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Decisions, decisions

Fresh off the worst Thanksgiving week for stocks since 1932, stocks posted sizable gains as hopes for a solution to the European debt crisis, as well as strong reported Black Friday sales, boosted investor confidence. The Dow gained 291 points,… Continue reading

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Europe: Choosing between depression and hyperinflation?

In 1920, poet Robert Frost wrote The Road Not Taken, which has the famous ending: Two roads diverged in a wood, and I— I took the one less traveled by, And that has made all the difference. I wonder if… Continue reading

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Thanks given

A report showing that Chinese manufacturing slowed to a 32-month low, a “disastrous” German 10-year bond auction, and lackluster economic data here pressured the indexes from the open. The Dow lost 236 points, the Nasdaq dropped 61, and the S&P… Continue reading

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The long-term perspective on gold (excerpt)

Can gold prices go higher? What are its long-term prospects? In this excerpt of the On the Trading DeskSM podcast from Friday, November 18th, 2011, Peter Nulty talks with Melissa Duller, CIMA®, investment analyst with Wells Fargo Funds Management,… Continue reading

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Check your passions at the door

After falling sharply on Monday in response to the failure of the congressional “Super Committee” to reach an agreement on a plan to cut the federal budget deficit, the U.S. equity markets suffered smaller declines on Tuesday. Investors’ disappointment with… Continue reading

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Black Friday is coming, you say? Yep, there is an app for that, too.

Reminiscent of the markets on Monday, August 8, 2011, when the major U.S. indexes fell more than 5% after Standard & Poor’s downgraded the long-term credit rating of the United States following a congressional impasse on the U.S. debt ceiling,… Continue reading

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