Archive for February, 2010
Weekly Market News for the Week of February 22, 2010
Presented by Mark Lund, The Investor Coach.
Quote of the week. “Avoid having your ego so close to your position that when your position falls, your ego goes with it.”– Gen. Colin Powell
Fed bumps discount rate up to 0.75%. The exit strategy had to get rolling at some point, yet the Federal Reserve’s Thursday decision to [...]
Weekly Market News for the Week of February 15, 2010
Quote of the week. “Live out of your imagination, not your history.”– Dr. Stephen Covey
Retail sales increase. Friday, the Census Bureau estimated retail sales up 0.5% for January, with a 4.7% year-over-year gain from January 2009. The half-percent gain topped the +0.3% forecast of economists polled by Briefing.com.1,2
How are things off the sales floor? According [...]
February 2010 Growth Report
Quote of the month. “We would worry less about what others think of us if we realized how seldom they do.” – Ethel Barrett
The month in brief. Wall Street had an eye on Washington for much of last month. Anticipation of earnings season gave way to concern over what might happen if proposed limits on [...]
Weekly Market News for the Week of February 8, 2010
Quote of the week. “Simplicity is the ultimate sophistication.”– Leonardo da Vinci
Jobless rate falls to 9.7%. The January statistic from the Labor Department was encouraging – a 0.3% drop from December. Bizarrely, there was no job growth even with that sizable decline – payrolls slimmed by about 20,000 positions last month. Revised federal figures showed [...]
Weekly Market News for the Week of February 1, 2010
Quote of the week. “Reputation is what other people know about you. Honor is what you know about yourself.”– Lois McMaster Bujold
4Q GDP: 5.7%: That is the preliminary reading from the Commerce Department, and that is the best reading since 3Q 2003. Economists pointed out that much of the increase reflected companies rebuilding their inventories [...]
