The Residential Real Estate Crash Index Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Smiling Bob who wrote (203531)	5/22/2009 11:35:13 AM
From: Smiling Bob	Read Replies (1) of 306849

They're not supposed to take me seriously Are we supposed to take them seriously The WHOLE friggin mkt rises due to a lone insane CEO noodling his numbers? ...Tomorrow, all attention should turn to where America shops and today's LEI --- U.S. Stocks Rise as Sears Profit Overshadows Treasury Auction Share \| Email \| Print \| A A A By Rita Nazareth May 22 (Bloomberg) -- U.S. stocks gained as unexpected profit at Sears Holdings Corp. overshadowed concern the government faces higher interest rates to finance the bailout of the financial industry, which sent Treasuries lower and weakened the dollar. Sears jumped 15 percent. Freeport-McMoRan Copper & Gold Inc. gained after copper prices rallied as Chinese imports of the metal climbed to a record and inventories dropped. American Express Co. and Bank of America Corp. lost more than 1.2 percent as the U.S. government prepared to raise $162 billion next week by selling securities. The Standard & Poor’s 500 Index added 0.7 percent to 894.65 at 11:10 a.m. in New York after losing as much as 0.5 percent. The Dow Jones Industrial Average gained 0.7 percent to 8,352.51. The 10-year Treasury note fell, pushing yields up to a six-month high of 3.39 percent. The dollar dropped beyond $1.40 against the euro for the first time in four months. “We had good news from Sears,” said Eric Teal, who oversees $5 billion as chief investment officer at First Citizens Bank in Raleigh, North Carolina. “The market is still concerned about the money supply and the credit rating for the U.S.”

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next