Posts Tagged ‘Bank of America (BAC)’

Bulls Looking to Extend Rally

9:15am (EST) The bulls regained their footing on Wednesday, thanks to the Fed, as hearing yesterday’s Beige Book report confirmed things aren’t all that rosy with the US economy which lead to speculation that another round of quantitative easing (QE2) from the central bank could be bigger than expected.  Although economic activity continued to rise,Read more

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China's Curveball Rocks Market, Bank Of America (BAC) Tanks Again

9:00am (EST) The bulls got their first scare for October after China dropped a bomb on Wall Street yesterday with an interest-rate hike, their first such tightening in 3 years.  There were a number of “better-than-expected” earnings reports but there were a few clunkers which also weighed on stocks as the major indexes experienced theirRead more

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Google (GOOG) Pushes $600

9:00am (EST) The bulls were looking to extend their winning streak to six straight sessions as the bears battled hard to put a plug in the current rally.  The cards were in their favor as a slight jump in jobless claims and an ongoing housing foreclosure crisis that continues to haunt the Financial sector lookedRead more

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