Investor's Business Daily: Breaking News::
Athens has been transformed, as much as this ancient and sprawling city can be. double-edged sword; inflation is higher in Greece than in the eurozone.
http://www.investors.com/breakingnews.asp?journalid=22572057HOME |
Stocks plunged Wednesday after more inflation warnings from Federal Reserve officials unnerved investors.
Three more Federal Reserve Bank presidents echoed Dallas Fed President Richard Fisher's suggestion Tuesday that the Fed plans to continue to raise interest rates to fight inflation.
Coupled with a report showing a slowing service sector with rising prices, the result was a one-sided victory for market bears, with four out of five stocks falling on the NYSE and NASDAQ, and a stunning 90.6% of NYSE volume was to the downside. About the only positive for investors is that such extremes of selling pressure can lead to good rallies (see Technical Analysis: Selling Pressure Turns Extreme).
The Nasdaq fell 36 to 2103, the S&P tumbled 18 to 1196, and the Dow plunged 123 to 10,317. Volume rose to 2.5 billion shares on the NYSE, but declined to 1.96 billion on the Nasdaq. Decliners led advancers 27-6 on the NYSE, and 24-6 on the Nasdaq. Downside volume was 91% on the NYSE, and 84% on the Nasdaq. New highs-new lows were 73-158 on the NYSE, and 83-84 on the Nasdaq.
naked capitalism: 6/15/08 - 6/22/08::
China and India lose their appeal for investors on inflation fears Telegraph to win wage gains in a way that would send inflation spiraling higher.
http://www.nakedcapitalism.com/2008_06_15_archive.htmlHOME |
investment-blog - Blog Toplist::
Investors Face Data on Inflation and Housing Market This Week on Wall Street NEW YORK (AP) — Amid the wildest stock market in years, the Federal Reserve has
http://www.blogtoplist.com/business/blogdetails-11843-3.htmlHOME |
GoAmerica soared 68% on a deal with AOL.
ADC Telecom and MIPS fell 13% each on warnings, and Motive plunged 36% after saying it won't meet financial targets for the rest of the year.
Mercury Interactive tumbled 14% on a warning and SEC investigation.
Whimsy Speaks: August 2004 Archives::
Alan Greenspan is raising short-term interest rates as fast as he can, citing inflation fears, but probably just getting the rates up so that he can lower
http://www.whimsyspeaks.com/Mar2005.htmlHOME |
Extreme Networks climbed 5% on a Bank of America "buy" rating.
Ingram Micro climbed 3% on news that it will join the S&P MidCap 400.
Neoware edged higher after the company raised guidance, and Sykes rose 9% after hiking guidance.
 FTC Targets Spyware Operation
 Technical Analysis: Selling Pressure Turns Extreme
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