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By Sy Harding Editor, Street Smart Report November 12, 2010 Most of the bricks in the previous wall of worry have been removed. Economic reports have continued to improve over recent weeks; in manufacturing, the service sector, retail sales, durable goods orders, and even in the employment picture, where 151,000 new jobs were created in October, […]
GDP Report Good for Main Street – Maybe Not for Wall Street. By Sy Harding, Editor, Street Smart Report October 29, 2010. The long-awaited report on economic growth in the third quarter was released Friday morning, and was a somewhat pleasant surprise. After declining from an annualized growth rate of 5.0% in the fourth quarter […]
Is the Fed Sorry It Promised QE2? October 11, 2010 by Sy Harding, Editor of the Street Smart Report The Fed has had stocks and gold spiking up since early September, and the dollar plunging, first on hints that it might consider providing another round of ‘quantitative easing’ if the economic recovery continued to worsen, and […]
Today, stocks were up again – and on low volume, again. There is speculation that this surprisingly resilient rally is predicated on bets that the Fed will act to protect the economic recovery – or whatever you’d call this thing! For a look at the wagers being placed on potential Fed action, we turn to […]
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