Stocks on Wall Street ended a positive day with solid gains as the Big Three automakers returned to Capitol Hill and GE tempered profit guidance. Frank Curzio reviews the action in The Real Story video (above).
Results 1 - 10 of 172 for "FRANK"
Citigroup, Inc. (NYSE: C) is still in a pinch despite more than a 100% bounce from recent lows, and its still-relatively new CEO is caught right in the middle of a storm he might not escape. This call comes with some mixed emotions because what is obvious is that Vikram Pandit has been trying to make this horrible banking year and this horrible environment as painless for the company's employe...
If you were counting on gold to boost your returns this year, chances are you’ve been cruelly disappointed. In fact, when it comes to gold-related investments, virtually every category is down, making this one of the worst years in history for gold investors. So, why is it that the largest of the large futures traders have some of the lowest net short positions in years? And what does thi...
Dr. James Schlesinger says the U.S. attitude towards oil “has only two modes – complacency and panic.” Schlesinger should know. In the 70’s he closely watched the Middle East as the U.S. Secretary of Defense. Then he would move onto become the first U.S. Secretary of Energy when oil prices were really starting to move up during the Carter Administration. He was in the th...
Good morning. Following the fourth-sharpest point decline in the Dow ever, premarket futures are showing a positive bias. Frankly, it's been difficult to understand why the premarket futures are in rally mode other than for the big loss yesterday. Along with expectations for another bad quarter at Goldman Sachs, earnings news for the most part continue to disappoint. Companies like Beazer Homes...
Welcome to the new month…it’s the same as the old month! Frankly, Macro Man isn’t sure what to make of yesterday’s (Monday) price action. A week of low-volume aggressive rally is followed by a day of moderate-volume, aggressive sell-off. As he noted last week, it’s difficult to discern any forecasting edge for short-term price action. What we can say is that the be...
Thanksgiving rally falls with a thud. After a five-day rally that spurred hopes of a lasting recovery, yesterday's market gave back much of the gains in one of its worst days ever. Monday's trading saw the Dow Jones Industrial Average down 7.7% to 8,149.09, the S&P 500 -8.9% to 816.21 and Nasdaq -8.95% to 1,398.07. The massive sell-off was spurred on by another round of negative economic n...
The National Bureau of Economic Research yesterday announced that its Business Cycle Dating Committee had officially determined a peak in economic activity at December 2007, which signals the start of the recession. I am a member of the committee. Though I speak only for myself, not the committee, I offer my views on two questions of possible interest: Who needs the NBER Business Cycle Dating C...
I was intrigued by the comment posted by GreatWarrior: Well Tim, allowed me to say this. I have read your posts probably 3 times a day, but frankly I am not sure if you ever make a directional calls with a conviction. Here's what you have been doing: Your wordings on general stock market does not have the "Conviction". Your bearish posts would contain words like "may .... prefer..", and many ti...
From Bloomberg:The U.S. economy entered a recession a year ago this month, the panel that dates American business expansions said today. The declaration was made by the cycle-dating committee of the National Bureau of Economic Research, a private, nonprofit group of economists based in Cambridge, Massachusetts. The last time the U.S. was in a recession was from March through November 2001, acco...