financial markets

Enter the Financial Frontier of Ignorance and Kiss Your Asset Classes Goodbye

Thu, 17 Sep 2009 22:07:05 -0500

In 1987 when I started as a "retail stock broker" there were hundreds of high quality “investment ideas” to show customers on a daily basis – literally hundreds. There were dozens of AAA rated fixed income products, many quality high yielding stocks, and pages of conservative, safe, AAA rated insured municipal bonds. Oh how things have changed.

Fed Is Meeting To Discuss Economy, Acts On BHCs

Armen Hareyan — Tue, 17 Mar 2009 09:29:18 -0500

The U.S. central bank is meeting Tuesday to consider new ways to battle the worst economic crisis facing the nation since the 1930s. The government also is releasing a report Tuesday on the U.S. housing market, which is at the heart of the global economic crisis.

Wishful betting can contaminate financial markets

harminka — Wed, 11 Mar 2009 12:33:28 -0500

Wishful bettors, those who make overly optimistic investments, will ultimately harm themselves financially, but they can harm entire markets as well, new research shows.

Dow Closes Six-Year Low

Armen Hareyan — Thu, 19 Feb 2009 15:27:37 -0600

The Dow Jones Industrial Average closed down about 90 points at a six-year low as weak economic reports reinforce worries of a long recession. Dow ended the day under 7,500 as the U.S. stocks retreated on bank worries.

Wall Street Today: Problems and Good News

Armen Hareyan — Fri, 13 Feb 2009 08:42:39 -0600

The good news is that it seems that the Chinese stimulus is taking some effect on the Chinese economy. Stimulus taking hold in China lifts stocks. Shanghai hits a five-month high. The problem with the Wall Street is that the investors, ahead of the three day weekend need to decide if they want to own stocks or sell them. This morning stocks open lower as financial shares remain under pressure and stimulus plan heads to votes in House and Senate.

Wall Street Disappointed, Does Not Reach To Stimulus

Armen Hareyan — Tue, 10 Feb 2009 16:53:20 -0600

The investors did not hear to the economic stimulus plan and Geithner's bank rescue plan. Realizing that the first bailout did not work investors send the stocks down Dow Jones Industrial Average ending the day at three months low. The Dow Jones industrial average lost 382 points, or 4.6 percent, according to early tallies. NASDAQ lost 63 points and S&P lost 42.73 points, losing 4.91 percent of its value.

Financial Roadmap For The Week Ahead Feb9 to 13

Armen Hareyan — Sun, 08 Feb 2009 19:17:59 -0600

This week will be fairly light in the number of economic indicator releases, but some of the numbers could be very revealing.

Financial Markets Start The First Trading Day Of 2009

Armen Hareyan — Fri, 02 Jan 2009 08:35:47 -0600

As the USA opens the first trading day of 2009 and the first trading session the stocks are headed higher. However, the reports show that the manufacturing activity declined around the globe and the Euro fell vs. the U.S. dollar and the Japanese Yen. Oil prices dropped as well.

Investors cashing out investments buttress behavioral research

harminka — Tue, 28 Oct 2008 14:07:12 -0500

Individual investors are liquidating their holdings at record levels as financial markets sink, often absorbing losses to avoid possibly worse pain later. Contradicting the counsel of many financial advisers, it also flies in the face of widely accepted behavioral theory and reinforces recent research by Michigan State University scientists.

Libor Leaps Higher As Banks Continue to Hoard Cash

Armen Hareyan — Tue, 30 Sep 2008 11:29:58 -0500

Overnight Libor settled at 6.88% in London and three-month Libor leapt another 20 basis points to 4.05%, indicating continued severe dislocations in the money markets.

The Emergency Economic Stabilization Act of 2008

Armen Hareyan — Mon, 29 Sep 2008 00:54:20 -0500

Significant bipartisan work has built consensus around dramatic improvements to the original Bush-Paulson plan to stabilize American financial markets—including requiring a plan to ensure the taxpayer is repaid in full.

Market Perception is Reality

Armen Hareyan — Mon, 22 Sep 2008 07:58:07 -0500

The buzz last week, of course, had to do with the major steps announced by the president to shore up the markets. The message to both US and world markets was an unequivocal, “we’ll do whatever it takes to stabilize the situation.”