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The wild week on the market closed out on a negative territory. Jittery investors again placed their bets on gold and Treasuries. As stocks fell, gold prices rose to a new Comex record, gaining $5 for each $1,000 invested, lowering the yield to 3.582%, which pushed F Fund price from $12.12 to $12.16.
Right as we predicted F Fund prices were boosted by the emergency rate cut that was announced by Federal Reserve Board this Monday. Investors on Wall Street widely expect another 0.25-0.5 rate cut next week.
According to CNN.com congressional leaders and Bush Administration officials have reached a deal on economic stimulus package that would send checks to most taxpayers in an effort to keep economy from falling.
Both of those developments do not change our long-term stock market outlook. We are positive that recent developments will spark inflation in the USA. Our budget deficit will also increase as a direct outcome of the rate cuts and economical stimulus package. C and S Funds mos ...
US Stocks tried to recover in the beginning of Friday’s session but then lost their grip and slid down again.The blue-chip stocks (C Fund) ended week almost 4% down and stopped only 5% away from the 20% bottom since October 9th high. (FYI: 20% decline is a technical definition of a bear market. 10% decline ...
Recession concerns swept through Wall Street, sending stock prices sharply lower while investors sought out the safety of Treasuries and gold. With Friday’s loss, the major stock indexes are down almost 5%. That’s the worst start since 1991 when the economy was in recession. Recent economic indicators point ...
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The unemployment rate rose sharply in December to its highest level in more than two years, raising the likelihood of recession as the housing slump begins eating away at the previously sturdy household incomes that had been a pillar of the economy. The rise in jobless rate to 5% from 4 ...
In the last full trading day before Christmas, stocks brought joy to the investment world, delivering the December boost investors had hoped for. Sources of holiday cheer included strong earnings, signs of healthy consumer spending and a possible capital infusion for Merrill Lynch, one of several Wall Street firms struggling ...
Markets shuddered Friday at the notion that the latest cycle of Fed rat ...