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Triple Down Dow - Stocks Plunge on Input Error

May 07th, 2010


It was a wild ride on Wall Street.  Thursday saw intense trading and selling on the European debt woes.  The Dow free falled nearly 1,000 points, equaling its largest one-day drop in Dow history.  It was able to recover more than two-thirds of its losses before the final bell, but what a ride for traders!

What caused the crash?  Why was the market able to recover over 700 of the points it lost?

No one really knows for sure.  The SEC has launched its own investigation into the events that happened on Thursday.  Everyone on Wall Street seems to be pointing fingers at each other and everyone is digging into the huge mess of trading records in an attempt to find out.

Many analysts are convinced that the huge crash was due to trading glitches.  NASDAQ cancelled several trades in a few stocks that evidentlly had a huge impact of trading.  The market was expected to see some loses on Thursday due to the economic troubles in Europe but most believe now that not even Greece's woos should have caused the Dow to lose so much, so quickly.

An investigation is ongoing.  Hopefully, within the next few days we will know more after the supposed "glitches" and electronic troubles have been fully investigated.

This Is Madness - Not Even King Leonidas Can Help Greece's Borrowing Troubles

April 28th, 2010


Greece is now a little more than three weeks away from default as word comes today that the Standard & Poor's agency has severly downgraded Greece's bonds status to that of junk...literally.

The rest of the world's stock markets slumped on the bad news out of Greece which could indicate that other European countries are not as far out of the recession as the rest of the world would hope.  The trouble in Greece seems to be spreading.

The spread between ten year bonds of Germany and Greece spiked today to over seven percent.  That means that Greece could see rates increase upwards of 10 percent.  That high of a gap all but insures that the world has little, if any, confidence in the historied and fabled Greece.

Greece is desperate for aid at the moment but no one is coming to aid. 
  Germany is insisting on Greece waiting and putting together some solid plans before it takes action.  One thing is for certain, Greece appears to be squeezed for time.

iPad Reveal Sends Stock Down for Apple

January 29th, 2010


Steve Jobs, CEO of Apple, unveiled the highly anticipated iPad on Wednesday.  A capacitive touch-screen iPhone like device, the iPad features a 10 hour battery life, 9.7inch screen, multi-touch capabilities and will be compatible with apps that currently sell on iTunes.

A below the expected price of $499 per iPad could not stop Apple stock from losing value, however.  The Apple shares fell nearly 4 percent immediately after Jobs unveiled the new device.  While trading was nearly three times as high that day for the stock the market was clearly not impressed with the new netbook-like offering from Apple.  Shares fell as low as $199.53 before rebounding slightly by closing.

The dip in value of the Apple stock was not fully unexpected, however the amount it fell was.  What does this mean for Apple and the forthcoming iPad?  How well will it sell?  Overall, Apple has been doing incredibly well over the past few years with last year being no exception.  While many are concerned with the apparent lack of appeal of a tablet, most analysts are convinced the iPad will likely sell and ultimately be a hit for Apple given its past and the availability of so many apps that will exist at the launch of the iPad.

Tags: apple iPad stock prices

Jump in the GDP Brings Fall to Oil Prices

January 29th, 2010


Oil fell below $73 a barrel on continued fears about energy consumption.  The country is burning less gasoline than a year ago and the price per barrel is nearly $20 over what it cost just a year ago.

The difference is projected need.  While the projected need for oil is higher than it was at this point last year it is still very low and is continuing to fall.  The Commerce Department reported today a 5.7 percent increase in annual growth last quarter.  That's the fastest rate in nearly 7 years, which has led to the steadied rise in oil prices.  However, the expansion has failed to lead to a rise in consumption.  The need for gas has dropped consistently for weeks.

The growth rate will likely cool later this year and the demand for oil will likely continue to fall.  Could prices for barrels fall to last year's levels?  Many experts believe the answer to that question is "yes".

Tags: GDP Oil Energy

Starting a New Business? Here's Where to Look!

October 19th, 2009


In a story recently posted on CNN.com, Oklahoma City has been selected as the best place in America to start a business.  Ranking #1 among all large metro areas, Oklahoma City was selected as the surest place for a start-up for its lower than low foreclosure rate and extremely reasonable median rent.

A high concentration of investors populate Oklahoma City and just  
about any type of start up has a good potential of finding investors.   
The downtown area bustles with activity and cultural diversity ensures investors will continue to come here for decades to come.

The MAPS (Metropolitan Area Projects) initiatives which began two decades ago have fostered over $3 billion in pubic and private development.  Additional funding is close to being passed which will add an additional $777 million in additional public projects.  This will ensure further private investment for Oklahoma City.

Oklahoma City truly has a very bright future ahead for itself.  A great cosmopolitan city, it offers everything business owners and investors want and need.

Tags: foreclosure rate MAPS business

Unemployment Now At 9.7%. So, What's Keeping the Stocks Rising?

September 04th, 2009


The Dow ended Friday in positive territory again even after a report showing the new unemployment rate had risen to 9.7 percent.  The bad news didn't seem to have much effect however, as many analysts were predicting the unemployment rate to worse than reported.

The report issued from the Labor Department showed a slower than expected pace for losses last month.  Even though the unemployment numbers are now the worst since 1983, the report is leaving many with optimism about future reports.

Employers eliminated nearly 216,000 jobs in August which is down nearly 30% over July and over 10% than numbers from June.  Things are getting better.  Or are they?

As long as job losses remain this high many believe that average Americans won't feel comfortable about spending money.  Even though the market is still on a multi-month rally, the unemployment numbers are still the main concern for a true economic turnaround.  Most believe that unemployment numbers aren't likely to get better anytime soon.  As the Government continues to dump money into the economy employers are continuing to let people go.

However, if the current decreases in unemployment numbers continue, the economy could begin to see improvement by the end of the year.

Tags: The Dow Stocks Rising Unemployment

Time to Come Out of Hiding Yet? Is the Recession Over?

August 14th, 2009



While U.S. data isn't quite as optimistic, to say the least, reports out of Europe are indicating that not only are many countries there well on their way to recovery, but they are actually out of the recession.  Unexpected growth the last quarter, especially in France and Germany, has spilled onto just about every major news outlet indicating the recession is over in Europe.

The Dow responded yesterday by closing in positive territory at 9,398.19, up nearly half a percent.  However, unemployment numbers here in the states are curbing optimism.  As unemployment numbers still hover at more than 500,000 a month.  Retail sales are still lower than hoped and import prices keep falling as people are still reluctant to spend, thinking the worst is not over.

The biggest concern here in the U.S. is the continuing weak job conditions, and the numbers of foreclosures each month are not letting up.  Is the worst over yet in the U.S.? By the end of the year many hope to see employers beginning to hire more and foreclosures beginning to fall.

Do Fewer Layoffs Mean End of Recession?

August 07th, 2009



Data from the Labor Department is expected to indicate a trend toward decreasing rates in unemployment numbers.  As the unemployment nationally hovers at just under 9.6 percent, the pace has shown to be slowing, now at levels not seen since a year ago.

While this time of year typically sees fewer layoffs in general, there is reason to believe the numbers for this summer indicate the recession is easing up.  The government reported recently that the U.S. economy only shrank 1 percent between April and June.  That is the strongest indicator yet that the recession may very well be nearing an end.

The economy is expected to grow over the next three months.  If it does it will be the strongest indicator yet that the recession is in fact coming to its end.  Parts of the Northwest and the Midwest are already showing signs of recovering.

It's pretty clear that the next two to three months will be critical for the U.S. economy.  While unemployment numbers are expected to continue to rise, analysts and the government will be looking for economic numbers that indicate that things are stabilizing across the country and the economy overall is growing.  If it does grow during the next couple of months, the recession will be practically, finally over.

Jobless Claims Plunge to Lowest Levels Since January

July 16th, 2009





Experts say that the numbers are still well above the 325,000 that many believe is consistent with a healthy economy.  The lowest numbers of new claims this year was 490,000 in January.  It's unclear whether numbers for July will be even lower, though many experts claim they will.

Unemployment rates are expected to continue to rise throughout the year even as most analysts believe this year will see the end of the recession.  However, the unemployment claim numbers are still 150,000 a month too high.  The national unemployment rate is nearly at 10 percent and is expected to continue to creep upward for the next few months.

Numbers for new claims were expected to be much higher and that has given many analysts reasons to believe that the economy is turning around.  The latest rebound in the market and current leveling off of unemployment claims is enough at the moment to suggest that the economy may be on the tipping point back to stabilizing and ending the recession.

Oil Drops to Nearly $60 As Consumers Spend Less

July 09th, 2009



With fewer jobs and more unemployed, fewer cars are on the road and thus, less gas is being purchased at the pumps.  Labor Department numbers for last week showed a nearly 470,000 cut in the U.S. work force across the country in June.  The unemployment rate is still rising, now at 9.5 percent and is expected to continue to increase throughout the remainder of the year.

Fewer jobs and more gas left at the pump have helped to push inventories of existing barrels higher.  Typically, this time of year sees a substantial increase in gas purchases as more Americans turn up the air conditioning and spend more time on vacations and weekend excursions.

Now at $60 a barrel, the lowest since the beginning of May, oil is likely to continue to fall throughout the summer.  Gas prices at the pump continue to fall as average prices around the country fell nearly a penny overnight.