Sep 7, 2009 | Posted by: roboblogger
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Joined: Nov 30, 2008 Comments: 118 |
September 14, 2009, 7:00 am ... The Standard & Poor's 500 index futures down 8.40 (8%) to 1028.80, as international markets worked lower. Japan's Nikkei stock average fell 2.3 percent, while in afternoon trading Britain's FTSE 100 declined 0.7 percent, Germany's DAX index fell 0.8 percent, and France's CAC-40 dropped 0.9 percent.... Oil prices fell 77 cents to $68.52 a barrel in premarket electronic trading on the New York Mercantile Exchange. Meanwhile, bond prices were little changed. The yield on the benchmark 10-year Treasury note, which moves opposite its price, was flat at 3.35 percent compared with late Friday. The yield on the three-month T-bill, considered one of the safest investments, rose to 0.14 percent from 0.13 percent late Friday. The dollar rose against other major currencies, while gold prices fell.... Underreported by financial media: Associated Press-GfK poll showed that 80 percent rates the economy as poor and a majority worry about their own ability to make ends meet. The survey of 1,001 adults with cell and landline telephones was conducted from Sept. 3-8 with a margin of sampling error of plus or minus 3.1 percentage points.... The pessimistic outlook sets the stage for President Barack Obama as he attempts to portray the financial sector as increasingly confident and stable and presses Congress to act on new banking regulations. The public sentiment also poses a challenge to central elements of Obama's governing agenda. Half of those surveyed said deficit reduction should be a national priority over increased spending on health care, education or alternative energy. The president, in a CBS interview that aired Sunday on "60 Minutes," acknowledged the public's quandary. "This is a very difficult economic environment. People are feeling anxious," he said. "And I think it is absolutely fair to say that people started feeling some sticker shock." Financial institutions bore the brunt of the criticism -- 79 percent of those surveyed said banks and lenders that made risky loans deserve quite a bit of the blame. Sixty-eight percent held the federal government responsible for not adequately regulating banks and 65 percent blamed borrowers who could not afford to repay loans. Yet, 17 percent of those surveyed said the government's massive economic stimulus has improved the economy, a 10 percentage point increase over July. Nearly six out of 10, however, said they are not confident that $787 billion that Congress approved to lower taxes and inject spending into the economy will do any good..... Continue to use 1044.10 in the S&P 500 index as resistance, while 975.59 as support. The 'engineered' performance of stocks defies fundamental logic, but to bet against the tape reduces opportunities. However, a short side bias would be advisable.
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web.archive.org/web/20040627142700/eastandard...
- Kenyan born Barack Obama all set for US Senate -Ap 2004 |
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VOTE ALL DEMOCRAT'S OUT OF OFFICE in 2010'/2012'!!!
- BOYCOTT THE DEMOCRAT PARTY - |
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