The trading day starts off down in China
The question for global stock prices is whether the morning’s declines on China’s markets build enough momentum to produce one of those rolling global corrections where falling prices in Asia lead to falling prices in Europe that lead to falling prices in the U.S. market that lead to another decline in Asian markets.
One day correction or something more? Watch China’s stock markets today
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Saturday Night Quarterback says, For the week ahead expect…
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Bank earnings are shaping up as a problem for stocks next week
Wall Street analysts are cutting their estimates for bank earnings as fast as they can. But with third quarter earnings season for banks starting next Wednesday, October 13 when JPMorgan Chase (JPM) reports before the New York market opens, they may not be cutting fast enough.
The odds for an earnings season dip just increased
Disturbing background for the third quarter earnings season that starts this week raises the odds for a dip on earnings news over the next few weeks. Wall Street analysts cut their estimates for 2011 earnings for the companies in the Standard & Poor’s 500 in September, according to Bloomberg. That’s the first decline in quarterly earnings estimates since June 2009.
Scorecard, getcha scorecard here–Can’t predict the fourth quarter for stocks without a scorecard
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Saturday Night Quarterback says, For the week ahead expect…
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...An unexpected thing that could stop this rally
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Where does the rally go from here?
Why have stocks rallied so strongly in September? I don’t think it’s got anything to do with currently observable improvement in the economy. I think what we’re seeing is investors—mostly hedge funds—who had bet that the economy was going to sour reversing that bet to get at least neutral on the economy’s prospects over the next six months.
We all tend to look first for fundamental reasons for
Stocks finally take out the top of the trading range
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...You’ll have to wait until next week for a meaningful test of this rally
The Standard & Poor’s 500 finished Wednesday, September 15, at 1125. That sets up stocks for a challenge today to 1127, the top of the trading range over the last four months.
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