<Click on chart for larger image> The Economist – Dead money Cash has been piling up on companies’ balance-sheets since before the crisis MONETARY stimulus gets you only so far. In America, third-quarter profits and revenues for companies in the S&P 500 index appear to have fallen year on year for the first time since… Continue reading Cash On The Sidelines
Spiegel Online – Strikes Consume Greece Ahead of New Cuts Thousands of Greeks took to the streets of Athens on Tuesday on the first of two days of strikes to protest yet more biting austerity measures. Their anger is palpable, but if parliament fails to pass the cuts on Wednesday, the consequences could be dire.… Continue reading Trouble In Greece
The Financial Times – Japan counts “zombie” cost of easy money The debate about the effectiveness of unconventional monetary policy measures such as quantitative easing remains perennially inconclusive. Yet the experience of Japan suggests there is one clear negative outcome from ultra loose monetary policy: it does structural damage to the economy. The problem starts… Continue reading Japan And QE
The Financial Times – Post-election déjà vu for markets? In the run up to Tuesday’s vote, many espoused the following three themes with potential market implications – from the most valid to much less so: 1. Distinct approaches to monetary policy: The possible re-election of President Barack Obama was seen to favour more policy experimentation… Continue reading Deja vu For The Markets?
The Onion – Stockwatch Groupon (GRPN) ISSUE 48•45 | 11.06.12 | Stockwatch $3.91 (+$0.08) (+2.09%) Shares rose today after executives cleared up confusion over the company’s name by explaining that it was an abbreviation of “great soup coupon.” Red Robin Restaurant (RRGB) ISSUE 48•30 | 07.24.12 | Stockwatch $25.61 (-$6.02) (-19%) Share prices plunged today… Continue reading Stocks To Watch
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Bloomberg.com – Romney Competes With Obama to Defy History in Election President Barack Obama and Mitt Romney are both running against history — the only question now is who will defy it to win the presidency. Obama is seeking to overcome the drag of high unemployment and economic weakness that has frustrated predecessors’ re- election… Continue reading Final Election Update, What Is Intrade Telling Us Before The Votes Are Counted?
MarketBeat (WSJ Blog) – Wall Street Strategists: Stocks Will Rally After Election Many bank strategists think Tuesday’s U.S. elections could be positive for stocks, as they have historically gained after close presidential races, regardless of the winner. Equity markets have rallied an average of 3% following nail-biters, according to analysis from JPMorgan strategist Thomas Lee,… Continue reading Stocks & The Election
The Wall Street Journal – A Part-Time, Low-Wage Epidemic As Americans head to the polls, they face a disastrous new normal: For the first time, the U.S. economy has shifted in the direction of a part-time, low-wage workforce. The number of Americans now working part time has soared to 8.3 million—up 313,000 in the past… Continue reading The Jobs Market
<Click on chart for larger image> MarketBeat (WSJ Blog) – Earnings Season Ugly All Around An earnings beat isn’t as glamorous as it used to be. Companies that report quarterly results that top analysts’ expectations tend to get applauded by investors, at least in the short term. One-day pops for these stock prices are a… Continue reading Are Investors Catching On To The Earnings Game?
<Click on chart for larger image> The Wall Street Journal – The Dollar Is Still King, For Now The greenback’s status as the international reserve currency since World War II has been a pillar of the States’ leading role in the world. As long as central banks stash dollars away in their vaults—at present more… Continue reading The Dollar’s Safe Haven Status
The Wall Street Journal – VIX Finishes In ‘Backwardation’ The market’s so-called fear gauge ended Monday’s session in an unusual state of worry, closing in “backwardation” for only the fourth time this year, as anxious investors looked toward elections now just hours away…The VIX has flirted with backwardation during a number of sessions over the… Continue reading The VIX