Japan's Nikkei 225 stock average fell 6.9% after the country posted its second trade deficit in three months on plummeting demand for exports.
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Those of you who have seen the chart below on my blog over the last year-and-a-half might have already guessed what it looks like after yesterday's dramatic plunge in the consumer price index - it's now screaming DEFLATION.Not that there's anyreal significance to the fact that it's screaming deflation.As noted here, in a world full of fiat money, "deflation" is nothing more than an am...
Lately there have been quite a few days when it looks as if the market is wearing ‘concrete shoes’ and will never be able to keep its head above water. Time and time again the financials look like those concrete shoes: financials plunge; the market follows. In fact, the performance of financials relative to the broader market has been weakening steadily since early October 2006, whe...
Japan's Nikkei 225 stock average fell almost 5% after the country posted its second trade deficit in three months on plummeting demand for exports.
Risk aversion dominated the Asian session with the USD, JPY and the HKD the three currencies to benefit from the sharp decline in Asian stocks and the...
The United States economy remains in a state of uncertainty and this apathy is reflected in the actions of investors and their stocks and exchange traded funds (ETFs). The state of the nation’s Big Three automakers has turned more economic data negative, while investors are wary to spend money anywhere as consumer prices and new home construction are frozen. A severe correction amid the h...
A weak outlook from the Fed and fissures across the U.S. auto-building network drove three of the four major indexes to new lows Wednesday.
(Reuters) - Stock futures pointed to a drop on Thursday, adding to the previous session's plunge, as investors worried about the fate of stricken U.S. carmakers and the specter of a prolonged economic downturn. At 5:33 a.m. EST, S&P 500 futures were down 1.9 percent, Dow Jones futures were down 1.3 percent and Nasdaq 100 futures were down 2.2 percent.
The drug stock plunges after the company revised its forecast
Stuck in losing territory for much of Wednesday's trading, U.S. stocks took a late-day plunge to settle with massive losses, as record-setting declines in housing and consumer prices wreaked havoc on the major averages.