Beware the gold bubble
08.10.09
Signs of gold fever are everywhere. TV commercials scream, "Sell your baubles, prices are reaching the sky!" Investors have poured more than $12 billion this year into SPDR Gold Trust, the big exchange-traded fund.
I took a look at some of the most actively traded stocks Wednesday morning. And the usual suspects were all there. Citigroup. Ford Motor. Intel. DryShips. The dollar weakened Thursday as investors regained some appetite for risk amid easing concerns about Greece and strong corporate results.
Economists generally aren't worried about the U.S. or global economy falling into another recession. Looking at the bond market, many investors don't agree.
Read full story for latest details. Treasurys were little changed Wednesday, as investors looked for direction amid mixed signals out of Europe and the United States.
The euro pared back earlier losses against the dollar Wednesday, after Germany said it would ban short selling on some European bank shares and the zone's government bonds.
Signs of gold fever are everywhere. TV commercials scream, "Sell your baubles, prices are reaching the sky!" Investors have poured more than $12 billion this year into SPDR Gold Trust, the big exchange-traded fund.
Stocks recovered from deep losses posted earlier in the session but ended lower Wednesday, as investors welcomed the Fed's forecast of an improving economy amid lingering fears about the global economy. Vanguard Wellington is a throwback. Before mutual funds became specialized, so-called balanced funds like this -- which invests in both stocks and bonds -- were core holdings you could feel comfortable putting most of your money into.
Oil prices fell Thursday, as stocks got hammered on worries about spreading European debt problems.
Gold continued to push higher into record territory Wednesday amid concerns about a weak dollar, inflation and technical-based buying by large investment funds.
Wall Street futures pulled out of their slump Friday and rose in pre-market trading, following a report showing a huge decline in jobs.
Stocks were poised to open on the higher side Monday at the start of a week full of corporate results, key economic reports and the Federal Reserve meeting. After hitting a new 7-month low earlier in the day, oil prices rebounded as investors looked ahead to the expiration date of the active futures contract.
The euro recovered from earlier losses Thursday amid speculation that the European Central Bank could intervene in the currency market, following signs the Swiss National Bank is already doing so.
Oil backs off 7-month low
22.05.10
After hitting a new 7-month low earlier in the day, oil prices rebounded as investors looked ahead to the expiration date of the active futures contract.
Euro extends gains on dollar
22.05.10
The euro pared back earlier losses against the dollar Wednesday, after Germany said it would ban short selling on some European bank shares and the zone's government bonds.
Treasurys little changed amid volatile trading
22.05.10
Treasurys were little changed Wednesday, as investors looked for direction amid mixed signals out of Europe and the United States.
Stocks skid on global economic jitters
22.05.10
Stocks recovered from deep losses posted earlier in the session but ended lower Wednesday, as investors welcomed the Fed's forecast of an improving economy amid lingering fears about the global economy.
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Oil slides nearly 3%
22.05.10
Oil prices fell Thursday, as stocks got hammered on worries about spreading European debt problems.
Euro rebounds on ECB intervention talk
22.05.10
The euro recovered from earlier losses Thursday amid speculation that the European Central Bank could intervene in the currency market, following signs the Swiss National Bank is already doing so.
Treasurys rally on flight to safety
22.05.10
Treasurys rallied Thursday as stocks plunged and investors worried about European debt and its effect on the global economy.
Fear index soars to 14-month high
22.05.10
Wall Street's key measure of volatility skyrocketed on Thursday, as all major stock indexes plummeted on concerns about the European debt crisis.
Fear spikes, stocks tank
22.05.10
Stocks got pummeled Thursday, with the Dow, Nasdaq and S&P 500 losing enough to fall into "correction territory" - marked by a drop of more than 10% off the rally highs.
Euro continues rebound
22.05.10
The euro continued bouncing off four-year lows seen earlier this week, as investors unwound bets against the shared currency on speculation that the European Central Bank will intervene in the market for the first time in 10 years.