Economic Calandar for 10/30/2009
October 30, 2009 by Magnifico · Leave a Comment
8:30 Personal Income and Outlays
8:30 Employment Cost Index
9:00 NAPM NY Report on Business
9:00 Hearing: Overdraft Protection Act
9:45 Chicago PMI
9:55 Reuters/UofM Consumer Sentiment
High Percentage of people struggling in retirement
October 29, 2009 by Don · Leave a Comment
The percentage of Americans at risk of having lower living standards through retirement has grown to 51% up 7% from 44% last measured in 2007. This is as a result of investors becoming disengaged wih retirement planning. Less than 25% of people interviewed say they would seek advice before making investment decisions and 60% agree [...]
Optimism for advisors
October 29, 2009 by Anthony · Leave a Comment
Optimism for advisors in the industry….
http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20090914/REG/909149978/-1/Topic
Want a job? Get out of Detroit.
October 29, 2009 by MoneyElement · Leave a Comment
The Bureau of Labor Statistics revealed today some disappointing yet not surprising unemployment rates in big metropolitan areas for September. Massive jobless number of 17.3% was revealed for Detroit, Warren, Livonia area. Next in line was Riverside, San Bernardino, Ontario with 14.2%, and not far behind Las Vegas with 13.9%. The lowest percentage of unemployment shows [...]
Market Update
October 29, 2009 by Magnifico · Leave a Comment
Market is still going strong:
DOW 159.61 (+1.63%)
NASDAQ 32.47 (+1.58%)
S&P 500 18.74 (+1.8%)
Market Update
October 29, 2009 by Magnifico · Leave a Comment
GDP helps markets to rally:
DOW 111.09 (+1.14%)
NASDAQ 30.4 (+1.49%)
S&P 500 14.98 (+1.44%)
There Is Still Caution Over Economy: Bob Diamond
October 29, 2009 by AJ · Leave a Comment
The global economy still faces major hurdles on its path to recovery, such as the ballooning public deficits and weak consumer spending, and investors remain cautious until they’re resolved, Barclays President Bob Diamond told CNBC. Check out the story below.
http://www.cnbc.com/id/33528922
Market Update
October 29, 2009 by Magnifico · Leave a Comment
After contracting 0.7% in the April-June period, third-quarter GDP increased by 3.5%. Also, Jobless Claims move lower to 530,000
Your First Move For Thursday October 29th
October 29, 2009 by Magnifico · Leave a Comment
Tim Seymour is short PetroChina (PTR)
Joe Terranova suggests long Qualcomm (QCOM)
Pete Najarian is long on Motorola (MOT)
Click here for more on your first move for today from CNBC’s “Fast Money”
Market update
October 29, 2009 by Magnifico · Leave a Comment
Asia markets moved lower following sell off in the U.S.; Europe managed to hold off big sell off; and futures are higher over here.
