Archive for August 2011

Stocks Break 4-Week Losing Streak on Fed

Stocks logged a solid performance this week, breaking a 4-week losing streak after Fed Chairman Ben Bernanke reinforced the central bank’s commitment to support the economy. There had been plenty of speculation on the Street about how the Fed would respond to the recent bout of weakness that had been showing up in the economic…

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Gold Hits New All-Time High

Stocks were off to a decent start this week before some disappointing economic news crushed sentiment and pushed the averages to their fourth consecutive losing week. The data in question, an exceptionally weak read on regional manufacturing, is a build on the recent trend of economic data signaling slower growth. That’s not exactly great news,…

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Big Rally Ends Wild Week

It was a record week for volatility, with the Dow gaining or losing more than 400 points in four consecutive sessions before a big rally sent stocks jumping higher into the weekend. The most recent bout of volatility is being driven by one very key question. Is the market simply repricing slower economic growth or…

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From Bad to Ugly

If last week was bad then this week was just plain ugly. After a string of disappointing economic reports and uncertainty over the debt ceiling hit the market, the averages fell to their worst performance since the fall of 2008. The catalyst is more of what has been going on for the last few months.…

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