Kevin Depew's Five Things You Need to Know to stay ahead of the pack on Wall Street: Get Out Now! There's nothing quite like an alarming magazine cover headline to set the market's tone for the new year. Talk of a bubble in Treasuries has been making the rounds on Wall Street for a couple of months now so nothing new there. Over the weekend however Barron's gave the Treasury bubble cover story status "Get Out Now!" The piece is full of sage-sounding cautionary advice such as this warning from from Mohamed El-Erian chief investment officer of Pacific Investment ...
US stocks fell sharply on Wednesday after a worse than expected employment report rattled investors ahead of Friday's key jobs data. Deteriorating corporate outlook also dampened the sentiment.[More...]
TheStreet.com's Jim Cramer provides a look at the first six Dow stocks: Alcoa, American Express, AT&T, Bank of America, Boeing and Citigroup.
Every year I do a bottom-up analysis of the Dow Jones Industrial Average. This is not the usual "I think the Dow goes to 14,000 by year-end" kind of prediction, because I believe that has little value and is just thumb-sucking. All my investing career, I have preferred looking at projections for each individual stock and then adding up what they produce as a return to find out what the percentage gained or loss might be.
This year will be particularly difficult to divine, in part because I believe that it will be split between two halves: the pre-bottom in housing and the post-bottom. The post-bottom, with interest rates that I believe are going to 4.5% for conforming loans and 5% for jumbos and a decline of another 20% in home prices, may not leave people in existing homes happy about their situation -- and therefore their wealth -- but it will certainly flush out the millions of people who have been waiting on the sidelines, and very few new homes are being built.
US stocks finished with solid gains on Friday as beleaguered automaker General Motors (NYSE: GM) got the first $4 billion of a series of emergency loans from the US Treasury.[More...]
US stocks advanced on Wednesday on better than expected economic data. Shares also rose as US mortgage rates fell to the lowest in more than three decades.[More...]