Today wasn’t D-Day for the Federal Open Market Committee. It was QE-Day. Ben Bernanke and the voting FOMC members of course kept rates at zero and promised to keep this ‘exceptionally low’ stance of…
The U.S Treasury picked an interesting time to sell a 30-Year Long Bond auction. This was also an early-close auction. After all, this is the day that the FOMC is due to talk about…
Something seems to be happening at Knight Capital Group, Inc. (NYSE: KCG). Whatever it is, it sure does not seem like a good development. It is not really any longer a secret that Congressional…
The eurozone bailout approval and the coming announcement (or continued hint) of additional quantitative easing from the FOMC is not adding to the banks at the current time. We saw a “Sell the News” reaction…
In its Monthly Bulletin published today, the European Central Bank (ECB) goes about explaining why its decision to begin buying eurozone sovereign debt in the secondary market was the right decision. The program it…
We tracked the short interest in the following Nasdaq most actively traded stocks: Facebook Inc. (NASDAQ: FB), Sirius XM Radio Inc. (NASDAQ: SIRI), Intel Corp. (NASDAQ: INTC), Microsoft Corp. (NASDAQ: MSFT), Zynga Inc. (NASDAQ:…
We tracked the short interest in the following NYSE most actively traded stocks: Nokia Corp. (NYSE: NOK), Bank of America Corp. (NYSE: BAC), Advanced Micro Devices Inc. (NYSE: AMD), American International Group (NYSE: AIG),…
Only the U.S. government could come up with the term “unbanked” to describe Americans who do not have bank accounts or “underbanked” for Americans without sufficient access to basic financial services. The terms may be odd,…
You might not exactly be seeing a total “sell the news” reaction to Germany’s constitutional court rejection of a challenge to block a permanent eurozone rescue fund. This is great news for Angela Merkel and a…
Morgan Stanley (NYSE: MS) has agreed to buy an additional 14% stake in Morgan Stanley Smith Barney (MSSB) from Citigroup Inc. (NYSE: C) for $1.89 billion. The amount puts the full value of MSSB…
The National Federation of Independent Business (NFIB) reported that its small business optimism index rose 1.7 points in August to 92.9. The most frequently cited issues for small business owners again in August were…
American International Group Inc. (NYSE: AIG) should be considered a huge winner on the U.S. Treasury stake sale. The stock did drop marginally on the news, and the shares are being sold at a slight…
Consumer Credit is going the wrong way. In the month of July we saw a contraction by $3.28 billion. For the month of June, Consumer Credit was revised to up by about $11.8 billion…
Any time a secondary offering from a share sale comes out, most investors just assume that it is a bad development for existing shareholders. That is usually the case because it dilutes the right…
AIG (NYSE: AIG) will receive the additional measure of freedom it has been seeking since the government became its majority owner in 2008.By most estimates, the federal government has staked $185 billion on the firm…