Wall Street surges at end of awful January

By Noel Randewich (Reuters) – Wall Street surged over 2 percent on Friday after the Bank of Japan unexpectedly cut interest rates and Microsoft led a major rally in technology shares, repairing some of the damage to the SP 500’s worst January since 2009. Slammed by collapsing oil prices that have fed doubts about the […]

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"The Fed wasted a bullet:" veteran trader

The Fed may have skipped following up its December rate hike with another one at this week’s meeting, but one veteran trader said America’s central bank made a mistake by not acting several months ago. “The Fed wasted a bullet, no question about it,” said Ira Epstein, managing director at Linn Associates. He maintains that […]

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These charts show why investors should be worried

The market’s recent bounce back from a brutal selloff may have some investors complacent. But one technician sees more trouble ahead for the markets. “Indices are trying to carve out a bottom,” said Mark Newton, chief technical strategist at Greywolf Execution Partners. “The lows are near. However, the damage that’s been done makes it look […]

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Market Did Work of Four Fed Rate Hikes, Morgan Stanley Says

Volatility in financial markets since the Federal Reserve last month announced its first interest-rate increase in nearly a decade is having the same effect as four additional quarter-point hikes, according to Morgan Stanley. “Financial conditions have tightened materially — by our estimation the economic equivalent of four rate hikes,” analysts led by New York-based Morgan […]

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Market Did Work of Four Fed Rate Hikes, Morgan Stanley Says

Volatility in financial markets since the Federal Reserve last month announced its first interest-rate increase in nearly a decade is having the same effect as four additional quarter-point hikes, according to Morgan Stanley. “Financial conditions have tightened materially — by our estimation the economic equivalent of four rate hikes,” analysts led by New York-based Morgan […]

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Crazy market selloff doesn’t signal a recession

The almost 10% decline in U.S. stocks so far this year—clocking in at the second-worst start to the year since 1929—has amped up concern among some investors about the R word: recession. As Goldman Sachs highlighted in a research note Thursday, large selloffs do not necessarily signal recessions, technically defined as two consecutive quarters of […]

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Cramer: Charts show huge sell-off could be coming

After the vicious sell-off last week, Jim Cramer wanted to know how much more pain the SP 500 (INDEX: .SPX) has to endure before it finally bottoms. And what he discovered could be significant. To answer this important question, he enlisted the help of Carolyn Boroden, a technician who runs FibonacciQueen.com and a colleague of […]

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Asian shares skid to 2011 levels as oil slump intensifies

By Hideyuki Sano TOKYO (Reuters) – Asian shares slid to their lowest levels since late 2011 on Monday after weak U.S. economic data and massive falls in oil prices stoked further worries about a global economic downturn. Oil prices fell as much as 4 percent on Monday, with international benchmark Brent futures (LCOc1) falling below […]

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Why the heck are the markets tanking?

The Dow Jones Industrial Average (^DJI) fell 537 points at one point on Friday before ending the day off 390. The first 10 trading days of the year saw a loss of over 1,400 points on the Dow, marking the worst two-week start to a year ever. Meanwhile, the broader SP 500 (^GSPC) index is […]

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This is why Obama is bullish on the economy

President Obama didn’t change anybody’s mind on the state of the economy during his 2016 State of the Union speech. But he did clarify who the winners and losers are. And whether you’re an economic winner or loser determines whether you’re upbeat or gloomy about the nation’s future. Obama flatly rejected doomsayers such as Donald […]

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