Archive for July 2011

Market Contemplates "Risk Free"

It was a tough week for stocks, with the averages posting their biggest loss in a year on uncertainty out of Washington. For the week, the Dow fell 4.2%, putting July on pace for the market’s third consecutive losing month. We all knew the debt ceiling was going to be a dog fight, but here…

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Q2 Earnings Coming in Strong

We saw a pretty solid performance from stocks this week, with the averages posting another green finish in spite of some weakness on Friday. That little down draft came on news that Caterpillar’s (CAT) third-quarter results had fallen short of expectations. Caterpillar is viewed as a major indicator of global growth because of its exposure…

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Fed Tips Hand, Gold Hits New High

The Fed took center stage this week, with the most powerful Central Bank in the world saying it is prepared to stimulate the economy on any major signs of weakness. That’s a huge deal for the market, resolving uncertainty about the Fed’s involvement in the economy after the expiration of QE2, it’s bond buying program…

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Gold Surges, Stocks Up Again

We saw a pretty solid performance from stocks this week, with the averages closing in the green and holding their recent string of gains. The only bump in the road was Friday’s weak jobs report, where stocks fought back from a tough morning session to close with a marginal loss. The jobs report was definitely…

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Biggest Gain in 2 Years for Stocks

We saw an amazing performance from stocks this week, with the averages leaping to their best performance in two years on Greece’s freshly minted rescue package and some encouraging economic data. For the week, the Dow added 650 points to close at 12,583. The big break in the Greece story came when the financially battered…

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