12:00pm (EST) Futures were pointing towards a slightly higher open throughout the night after China’s GDP (Gross Domestic Product) met expectations after coming in at 7.5%. It remains to be seen if this is their “real” number but all signs are pointing towards a slowing China in the coming monthsRead more
Flat Action Ahead of Bernanke/ New Trade!!!
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Bulls Walking on Thin Ice
China Delivers More Bad News
9:00am (EST) The bears got a little leverage following Tuesday’s big Fed announcement but the bulls also got a lift when the Federal Reserve left interest rates unchanged. Moreover, the FOMC also indicated they would reinvest principal payments from mortgage-backed securities to buy longer-term Treasuries. In the end, the Fed met both sides in theRead more
Baidu Blows By Wall Street’s Estimates
1:10pm (EST) The market started off today’s session with slight gains but has traded in negative territory for much of the day. There was hope that the European Union leaders would announce aid for Greece at a meeting tomorrow but that is unlikely to happen. Instead, the group will likely ask GreeceRead more
Baidu.com Gets a Haircut
9:15am (EST) If you are a Baidu.com (BIDU, $432.97) shareholder this morning then hopefully you are prepared to pay the barber $85 for the haircut you’re about to get. The company announced earnings before the bell and easily beat Wall Street estimates by reporting profits of $2.16 a share which was 35 cents betterRead more