Facebooking the Market
Facebook is about to overwhelm Wall Street this morning. With an opening price of $38 and millions of orders, a lot of activity is expected.
Millionaires will be made today, and the excitement is likely to continue beyond.
Stay tuned for more.
Goldman Sachs Gets Sacked by Former Executive
One word: Wow!
This public resignation is sure to cause a lot of chatter on Wall Street.
Santa Rally?
With the New Year approaching and the payroll extension signed by President Obama, some speculate that Wall Street will have a rally today.
Stay tuned to see how the market performs.
How Will the Markets React on Cyber Monday?
The early sales reports from Black Friday dispel the gloomy announcements of the state of the American economy. Americans spent more money on Black Friday than was anticipated.
How will the markets react at the opening bell on Cyber Monday?
Let’s find out.
Super Failure on Wall Street?
The imminent failure of the Joint Select Committee on Deficit Reduction has already affected the Dow and a debt downgrade is plausible.
Legislation is being drafted to prevent the automatic cuts from taking place, but U.S. Capitol insiders, including House Speaker Boehner, will not prevent the cuts from being implemented.
Stay tuned to see how the markets react.
Occupy Wall Street and Beyond
The “Occupy” movements are spreading throughout the country. Protests continue on Wall Street and recent comments by President Obama will probably encourage more activity. The “Tea Party Left,” as some commentators have identified the protestors, are frustrated with the economy and corporate policies.
Stay tuned for more.
Up, Down, and All Around
Wall Street continued its roller coaster ride today. Stocks rebounded after they took a rapid nose dive yesterday. The Federal Reserve’s decision not to raise interest rates until 2013 may eventually stabilize the market, but “corrections” after Standard & Poor’s downgrade from AAA to AA+ will likely continue.
Dow Heads South….Beyond Mexico
The debt deal did nothing to allay the concerns of investors, who frantically sold stocks today. The Dow lost more than 500 points, a 4% drop in value.
President Obama may use the bully pulpit to assure Wall Street and foreign markets that the U.S. economy is stable and not heading into another recession.
Manufacturing Data Trumps Debt Deal
World markets reacted positively to a last-minute deal to raise the debt ceiling. However, the release of new manufacturing data caused a chilling effect on Wall Street investors. If the debt deal is not sealed by Congress later today, the market will likely spiral downward.
