STOCK MARKET WATCH, Friday June 6 | Thread profile

Advertisements [ ? ] Source: du STOCK MARKET WATCH, Friday June 6, 2008 COUNTING THE DAYS DAYS REMAINING IN THE * REGIME 229 DAYS SINCE DEMOCRACY DIED (12/12/00) 2693 DAYS WHERE'S OSAMA BIN-LADEN? 2418 DAYS DAYS SINCE ENRON COLLAPSE = 2709 Number of Enron Execs in handcuffs = 19 ENRON EXECS CONVICTED = 10 Enron execs conveniently deceased = 3 Other...

(With an Ominous Exception) BY MARTIN GOLDBERG, CMT A logical pattern that fits the behavior of the S&P 500 is that of the multiple head and shoulders (HAS) reversal pattern. This article references the characteristics of the pattern as described in Technical Analysis of Stock Trends by Edwards and Magee, a book that should be a cornerstone of a technical analyst's library. As stated on page 75...

08:30 Average Workweek May Briefing.com 33.8 Consensus 33.7 Prior 33.7 08:30 Hourly Earnings May Briefing.com 0.3% Consensus 0.2% Prior 0.1% 08:30 Nonfarm Payrolls May Briefing.com -50K Consensus -60K Prior -20K 08:30 Unemployment Rate May Briefing.com 5.1% Consensus 5.1% Prior 5.0% 10:00 Wholesale Inventories Apr Briefing.com 0.6% Consensus...

BANGKOK, Thailand - Oil rose above $130 a barrel Friday in Asia, extending gains made in the previous session when the euro rose against the dollar in response to comments by the head of the European Central Bank. Including gains in the previous floor session, that put oil more than $8 higher than at the middle of the week. The dramatic reversal in what had been a weakening market came after ...

NEW YORK (CNNMoney.com) -- The fact that Barack Obama is now the presumptive Democratic nominee for president seems to sit well with Wall Street. After all, the securities industry has been funding his campaign for months. However, the upbeat sentiment is more for the party he represents and its chances of taking the White House than his proposed policies. It's true that the Republican-...

CHARLOTTE, N.C. - The Federal Reserve has approved Bank of America Corp.'s purchase of distressed mortgage lender Countrywide Financial Corp. In a statement Thursday, the federal regulator said it considered many comments for and against the company buyout and "has considered carefully the financial factors of the proposal." ..... In its order, the Fed board said that after the proposed deal ...

DALLAS - Business travelers are likely to lose out when the fall off-peak season arrives and airlines that have cut flights slap more restrictions on the cheap fares that usually come that time of year. Continental on Thursday became the latest airline to announce cutbacks, saying it will shed 3,000 jobs — more than 6 percent of its work force — and reduce capacity by 11 percent this fall. ...

NEW YORK (CNNMoney.com) -- More than one million homes are now in foreclosure, the highest rate ever recorded, according to a trade group which warned Thursday that number will continue to climb. The Mortgage Bankers Association's first quarter report showed that a record 2.5% of all loans being serviced by its members are now in foreclosure, which works out to about 1.1 million homes. That's ...

hat-tip to Ichingcarpenter NEW YORK (CNNMoney.com) -- Americans saw their net worth decline by $1.7 trillion in the first quarter - the biggest drop since 2002 - as declines in home values and the stock market ravaged their holdings. Meanwhile, the amount of equity people have in their homes fell to 46.2%, the lowest level on record. The net worth of U.S. households fell 3% to $56 trillion at...

About 1 in 11 American mortgages were past due or in foreclosure at the end of March, according to a report released on Thursday, a figure that is rising fast as home prices fall and the job market weakens. The first three months of 2008 marked the worst quarter for American homeowners in nearly three decades, according to the report, issued by the Mortgage Bankers Association. The rate of new ...