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Trading Markets |
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The Money Blogs
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All about money.
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April Employment
Assuming the EDD didn&039;t go too nuts with the birth-death model last month, San Diego&039;s non-housing economy was strong enough to resist the pull of the housing boom beneficiary sectors.There&039;s a more detailed discussion of the above graph over at voiceofsandiego.org. Below are a couple of pigg-only bonus graphs. re[...]
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The Giant Pool Of Money, Explained
By far the best explanation I’ve heard of the Housing Mortage/Credit Crisis is &8212; improbably &8212; a podcast from the motherlode of story-telling on NPR, This American Life. This podcast is a bit different from their usual slice-o-life stories in that they try to explain something extremely complex and abstract &8212; but in personal stories. The episode is called The Giant Pool of Money and it’s worth at least an hour of your time on your next commute. Hearing the agents all along the "chain" of events descr[...]
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Consumer Sentiment Still Depressed
The Univ of Michigan consumer sentiment survey came in below expectations this morning, and at 59.5 it was the lowest reading since 1980. Are things really that bad? Or are consumers taking their cue from the doom and gloom media who love to prop up the negativity bubble?The market is trading lower, but a pullback is well overdue given the relentless advance stocks have enjoyed lately.Oil is the big mover this morning, topping $127 for the first time. This has all the energy stocks trading higher, while the financials and retailers are lower. Tech i[...]
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Mint: Good Idea But Not Very Useful Right Now
Mint, along with Wesabe, is a new breed of site that tries to attack personal finance via ’Web 2.0’ technologies. Mint’s concept is that you can have the activities of your various bank and credit card accounts aggregated in one place to make it easier to track your cash flow, purchasing, etc. They will also alert you to unusual spending in certain categories based on your history and suggest deals or discounts where they think you could save money. They don’t store your credentials on their serve[...]
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Semiconductor Index Pulls The Nasdaq Right Back Up
NOTE: Please click on the charts below to enlarge them if they do not appear clearly.The tug-of-war between the bulls and bears continued yesterday, as the main stock market indexes recovered Wednesday afternoon’s intraday losses and then some. After opening flat, stocks trended higher throughout the session. Opposite of the previous session’s late-day sell-off, the broad market surged higher in the final ninety minutes. The Nasdaq Composite gained 1.5%, the S&P 500 1.1%, and the Dow Jones Industrial Average 0.7%. The small-cap Russell 2000 and S&P Midcap 400 in[...]
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