Brace yourself for another wild ride on Wall Street. Worries about the strength of the global recovery and proposals from Washington to clamp down on banks have sent fresh jitters through financial markets, prompting chatter among traders that stocks could be poised for that rare but alarming phenomenon: a correction. Such a development would mean a 10 percent or greater sell-off in everything from high-powered Nasdaq technology shares to bread-and-butter Dow industrials.
Manchester – Potential 2012 Republican presidential candidate Minnesota Gov. Tim Pawlenty came to the leadoff-primary state today urging the GOP to return to its conservative base and then practice what it preaches if it hopes to regain the lost trust of Americans. "We've got to explain using conservative principles, conservative ideas and values, why our approach, even if it may not be instant gratification, is better for families and individuals and regular working people all across this country on those kind of issues, those bread and butter, meat and potatoes issues," he told the New Hampshire Union Leader in an...
Barack Obama didn't have a lot of bread-and-butter accomplishments to point to, either. He had, in fact, less governing experience than Palin already has. So experience can be gotten around.
The S&P 500 is up 53 percent and GDP grew at 3.5 percent, but unemployment is sky high and consumers are still rolling over… what gives? Slate’s Daniel Gross suggests that “the notion the stock market is an accurate gauge of the domestic economy’s temperature is outdated.”
The reason? As he sees it the major indices [...]How the “Disturbing” Rising Market Shreds Hope originally appeared in the Daily Reckoning. The Daily Reckoning, a FREE daily e-letter, offers a "uniquely refreshing" perspective on the global economy, investing, and today's markets.
Monday, January 25, 2010
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