Germany’s DAX index is moving wildly with every rumor and comment regarding the EU bailout. Unfortunately, the swings are going to really hurt investor confidence for some time to come. Just take a look at the intra-day moves over the past few weeks.
Below is the ridiculous swings from today… First...
It was FED day! As was expected, there was no change in the formal interest rate policy. However, watching the press conference was interesting in that Mr. Bernanke hinted several times at additional monetary stimulus that was ready to be provided – if necessary. (Watched on Bloomberg iPad TV application...
The release of the ISM Manufacturing Index was not good enough to keep markets from falling. The culprit (once again) was the panic over the EuroZone debt crisis. While most thought that this was something that could be put to bed for now, just a few days after the announcement...
Below is a recap of what sparked the wicked 1.5 – 2.0% rally from the lows today (Source: Ransquawk):
13:47 – Italy’s Berlusconi says spoke to President Napolitano following conversation with Merkel to inform him of measures to be adopted
13:46 – Italy’s Berlusconi says he spoke to Germany’s...
Well, it has happened. Just when I thought that bankruptcy was no longer possible in modern civilization, MF Global goes down in flames.
How? Why? Who?
There is a good amount that is yet to be uncovered – like the hundreds of millions of dollars of client funds that have yet to...
