Wall Street would probably feel safer hanging out with Plaxico Burress at a night club than bet money on Friday’s November unemployment report. The Labor Department is expected to report the jobless rate rose to 6.8% and that another wave of jobs cuts will be coming. As unemployment goes upRead more
$8,500,000,000,000.00 That’s the number…$8.5 trillion. That’s how much the our government is preparing to provide on behalf of you and I after guaranteeing another $300 billion to Citigroup (C, $6.08, up $0.13) and another $800 billion today for consumer debt and mortgage loans. And we ain’t done yet. To putRead more
It’s likely to be another volatile week on Wall Street as a number of key economic reports will certainly have an impact on the market. Although the economy is chugging along, in order for the market to break through key resistance levels, the housing market will need to improve beforeRead more
The market tried to extend yesterday’s gains this morning after a better-than-expected retail sales reading but is trading slightly lower after digesting the news. The Commerce Department said US retail sales showed a 0.2% drop but was better than the 0.3% decline forecast by Wall Street. The real problem cameRead more
