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Monthly Archives: December 2011
The major indexes closed out an extremely volatile year not much changed. The Dow gained 5% for the year, the S&P 500 lost fractionally, and the Nasdaq lost 2%. In today’s session, the Dow lost 69 points, the Nasdaq fell… Continue reading
In the first five years of On the Trading Desk, the investment landscape around the world has been transformed, changed dramatically by a housing boom and bust; financial crises in the U.S. and abroad; a recession with pains not felt… Continue reading
The major indexes rallied on encouraging economic data from the housing market and from the Chicago Purchasing Managers Index. The Dow gained 135 points, the Nasdaq rose by 23, and the S&P 500 advanced 13. All of the Dow’s 30… Continue reading
The major indexes fell more than 1% with very little earnings and economic news to excite investors. The indexes trended lower for the session, as the euro hit a 15-month low against the dollar. The Dow lost 139 points; the… Continue reading
The equity markets began the last trading week of 2011 relatively flat. Despite softer data on home prices and a spike in oil prices, the markets were supported by a report that consumers are more optimistic than they have been… Continue reading
Summary: Because the euro was created to rival the dollar, the eurozone can learn a lot from U.S. history. If countries aren’t allowed to default, then the fiscal transfers necessary to prevent default will likely create too much political tension… Continue reading
A last-minute extension of the payroll tax cut and higher-than-expected durable goods orders helped to send the S&P 500 index into positive territory for the year. The major indexes closed near the day’s highs. The Dow gained 124 points, with… Continue reading
Good news on the employment front gave investors something other than the downwardly revised third-quarter gross domestic product to think about, and stocks traded higher for the day. Also helping markets was a modestly higher reading on the index of… Continue reading
Last year at this time, when most people were happily preparing for year-end holidays and long weekends, participants in the municipal bond market were suffering through one of the most brutal selloffs in recent times. The market recorded a total… Continue reading