-
The best way to have a good idea is to have a lot of ideas.
Linus Pauling Categories
Tag Archives: stock market
SEC proposing uniform ‘audit trail’ for orders
Federal regulators moved Wednesday, May 26, toward requiring a uniform system for tracking all securities orders on U.S. exchanges, in hopes of making it easier to investigate market disruptions like the May 6 plunge.
Members of the Securities and Exchange Commission proposed, on a 5-0 vote, requiring exchanges to maintain an “audit trail” covering trading orders from start to routing to execution.
The regulators say that would make it easier to investigate market . . . read more Read More
Wall Street’s fear gauge sinks to 2-year low
What’s not to like about this stock market? It’s been steadily rising for more than a month. And it’s been the kind of gentle climb that appeals to investors eager for a respite from a couple years of sharp ups and downs.
As stocks have ticked upward from a Feb. 8 low, a measure of the market’s volatility has sunk to its lowest level in nearly two years. The Chicago Board of Index Options’ Volatility Index — informally known as Wall Street’s fear gauge — has closed below 17 points for five trading days in a row, and finished Tuesday at 16.35. The last time the VIX closed below 17 was May 16, 2008. It’s even slightly below its historic average of around 19 points. . . . read more Read More
Market rebounds, but workers have minimal savings
Tom Taormina is 65 and has no retirement savings.
The Virginia City, Nev., business consultant said it’s not for lack of trying. He and his wife, Midge, have tried to save and at one time invested in the stock market, but it’s all been depleted.
“We’re scrambling to make it through the next 20 years,” he said. “We’re doing everything we can to set money aside, but every time we do something unforeseen comes up.” . . . read more Read More
Diviners Divided: Economists clash, sow confusion
If you’re confused about the outlook for the economy and stocks one year after the market hit bottom, then you’ve got good company — the Wall Street economists and strategists who are supposed to have this all figured out.
Rarely have the experts seemed so divided about the future . . . read more Read More
The Rebound: Numbers tell story of market recovery
On March 9, 2009, it felt like the world was ending.
The Dow Jones industrial average had tumbled to a 12-year low of 6,547, and looked to keep plunging. A day later, Citigroup Inc. stopped the market’s drop with news that it was turning a profit. That began the stock market’s answer to the Great Recession: the Great Rebound . . . read more Read More
Economist Survey
The latest survey of 47 national economists (including yours truly) by the National Association for Business Economics was conducted in recent weeks and formally released on Monday, February 23. As one might expect, it was not pretty.
The consensus view has deteriorated sharply when compared to prior forecasts, which are conducted three times annually. “The steady drumbeat of weak economic and financial market data have made business economists decidedly more pessimistic on the economic outlook for the next several quarters,” noted Chris Varvares, the current president of the group. “While a few reports offer some glimmer of hope, a meaningful recovery is not expected to take hold until next year.” Read More
