S&P 500 now four standard deviations below 50-day moving average. A rarity? Oh yeah
Economic growth has stalled. The employment picture is still stunted. Major global economies are plagued by debt woes. Each factor, and others, has prompted the markets to plummet more than 10% in less than ten days. Is another recession around the corner? A number of advisers think it's a good possibility now.
Treasury bond yields are plunging to levels seen in the 1950s as concern a two-year recovery in the world's largest economy is stalling causes investors to flee stock and debt markets.
While Securities America looks to find a suitor -- and tries to stop reps from bolting -- other B-Ds are on the prowl for the firm's top producers. The big winner so far? LPL.
Securities America this week asked reps to sign a letter expressing their suppport for the firm. For some, the letter signals the besieged B-D is close to being sold,
The recent appellate court decision rejecting an SEC rule on proxy access for shareholders was a signal to the commission to slow down its rulemaking and take more care in measuring the costs versus the benefits of any new rule
Another troubled broker-dealer is closing, but with a twist: The firm is telling its advisers to move en masse to another firm, according to brokers at the firm and industry recruiters
Fourth quarter GDP growth could come close to 4 percent, experts say; 'too much pessimism'
The U.S. has likely dodged a recession for now, even though it's too early to sound the all-clear for the economy.
Foreign-policy guru says U.S. needs to invest in advanced manufacturing to create jobs; cheap overseas labor not going away
Money managers at both firms say U.S. financial instituations can weather gathering storm in Europe
Famed stock-picker says corporate earnings will trump troubles overseas; 'teenagers still going to buy iTunes'
Bank of America analysts predict large-cap benchmark could drop as much as 21% before reaching floor
Worst performance for Pimco flagship fund since at least 1995; 'way too much ... of the underperformers'
State cutbacks and end of stimulus could add up to disaster, Nobel laureate says; pegs odds of worldwide recession at 50-50
NYU professor Nouriel Roubini is worried again. This time, Dr. Doom says that without immediate 'massive stimulus,' the world is headed for a replay of the 1930s. And in that scenario, stocks are 'going to hurt big time.'
Fears of second economic downtown driven by fears, not fundamentals; 'bad things have not happened'
S&P's single-notch lowering of the U.S. sovereign debt rating was seen as a big blow to the Treasury market. Instead, worries about default on government debt has investors clamoring for -- yep -- government debt. The result? In an auction this week, taxpayers saved $647M.
The Financial Services Institute, the lobbying organization for independent broker-dealers, said Friday that it had picked up the support of advisers this week from sizable independent broker-dealer Investors Capital Corp.
Investors in junk bond funds withdrew $2.1B from the funds -- in a single day. As one portfolio manager sayd: 'There's clearly a panic going on in the market.'
