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Originally posted by stander
Thursday's trading got off to a rocky start amid a technical glitch on the New York Stock Exchange. The exchange said customers "are currently experiencing issues" with acknowledgments of order entries, causing a delay in orders and trades.
Stocks eked out a gain after a late rally Thursday as investors cheered an encouraging business-inventories report, the latest sign that the recession is winding down.
Much more at Links...
News From The Great Depression
News from July 23, 1930:
Administration members reported telling Wall Street that business has turned corner, and should curve slowly upward until winter, becoming clearest in October. No forecast beyond that ventured. However, administration strenuously denies rumors of using "its influence to bring about organized support for the stock market."
Originally posted by RolandBrichter
Maybe these guys know what is going on?
The ratio of insider buying to selling transactions is 10 to 136. Total transaction value: Buys: $60.1 million; Sells: $1,146 million. This compares with last week's buys for $13.4 million and sells for $1,042 million. Over $2.1 Billion in insider sales in two weeks.
Full Insider List HERE
Originally posted by Hx3_1963
So all the "News" must be true...Germany/France and now Japan are officially out of recession...the whole world to soon play ketchup...
Big gainers for the day included Komatsu Ltd (6301.T), the world's second-biggest maker of construction machinery equipment, as well as rival Hitachi Construction Machinery (6305.T) which rose on rating upgrades from brokerages.
Originally posted by Hx3_1963
Dow Jones Industrial Average 9,254.44 10:15am ET Down 143.75 (1.53%)
S&P 500 INDEX,RTH 996.56 10:16am ET Down 16.17 (1.60%)
Things are looking up in "Bizarro World"
"Extend and Pretend", "lie about asset values", "bailout nation" and all such similar games are not going to work.
Job loss continues - it is not over, and it will not be over, until we stop being stupid. Until we stop coddling failure and trying to tax everyone to pay for the fraud and abuse of a handful of silver-spoon crybabies on Fraud Street located in Manhatten NY and their cadre of embezzlers on K-Street in Washington DC. Until our government starts doing its job and locking up the phonies who destroyed our housing industry and then stole over $1 trillion from taxpayers to "prevent a banking collapse" - a collapse that, by the way, hasn't been prevented, but has merely been postponed. Until all of the bad banks are closed, which includes most of the big ones, with "bad bank" being any institution that is lying about asset values.
Folks, we have a major problem on our hands and we have solved exactly nothing. There is no "pent up" consumer demand and won't be until the consumer is freed from being taxed to death to support the blatant theft of the last 20 years. Borrowing by the government is taxation by another name; someone, somewhere, somehow is going to have to pay through his or her tax bill for all those borrowed trillions, and the consumer knows it. STOP THE LOOTING AND START PROSECUTING.
Colonial, Alabama’s second-largest bank, is being closed by regulators today, the person said, becoming the largest U.S. bank failure of 2009 after an expansion into Florida saddled the lender with more than $1.7 billion in soured real-estate loans. The FDIC usually waits until the close of business Friday; they must have had a slight problem with withdrawals......