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Author: David Gaffen

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Citigroup Earnings: Lower Loan Loss Provisions a Good Sign?

Oct 16, 2009
Citigroup socked away less cash to cover loan losses than analyst expected last quarter. But why? Normally such a decision can be interpreted as a sign of improving credit...

Citigroup Shares: Hey, Where’d All The Volume Go?

Oct 9, 2009
Remember when Citigroup was racking up billion-plus volume days on the regular? Well, trading has quieted down a lot. In August, the average daily NYSE Composite volume for Citigroup averaged...

As Gold Briefly Touches $1,060, a Moment of Reflection

Oct 8, 2009
Gold stretched higher early Thursday afternoon, with futures prices briefly touching $1,060 an ounce. The conventional wisdom on Wall Street is that gold’s run higher is fueled by some...

September Jobs Report: Why The Tape Doesn’t Like It

Oct 2, 2009
The September jobs report isn’t pleasing the stock market. S&P futures saw a steep fall following the 8:30 a.m. release. The Journal reports: Nonfarm payrolls declined by 263,000 in September,...

Goldman Cuts Forecast for Payrolls Report, Stocks Dive to Close

Oct 1, 2009
Near as we can tell, the late day sell-off started gaining steam after Goldman Sachs issued a somewhat gloomy note cutting its outlook for tomorrow’s all-important payrolls report. Here’s...

Data Points: Energy & Metals

Dec 24, 2009
Nymex crude for February delivery gained $3.63 per barrel this week, or 4.88% to $78.05. Today, it is up $1.38, or 1.80%. Comex gold for December delivery lost $6.70 per troy ounce this week, or 0.60% to $1104.10. Down $70.10 or 5.97% over the past...

Data Points: U.S. Markets

Dec 24, 2009
Dow Industrials, up 191.21 points this week, or 1.85% to 10520.10. Best week since the week ending Friday, November 13, 2009. Today, it is up 53.66 points, or 0.51%. Today’s top contributors to the Dow’s movement and their point contribution: UTX...

Data Points: Asia & Europe

Dec 24, 2009
Nikkei Stock Average, up 158.89 points, or 1.53% to 10536.92. Up 394.87 points, or 3.89%, over the last three trading days. Shanghai Composite, up 79.63 points, or 2.59% to 3153.41. Up 102.89 points, or 3.37%, over the last two trading days. FTSE...

NY Fed: Home Ownership May Fall Sharply

Dec 24, 2009
The homeownership rate may drop sharply in the next few years, a new paper from the Federal Reserve Bank of New York suggests. After peaking at 69% in 2006, it’s fallen to 67.3%, where it was in 2000. But the authors configure a “homeownership gap,”...

Light Trading in Last Weeks of the Year

Dec 24, 2009
Stock trading is lighter this week than this week last year. Some traders surmise taking a vacation last year was hard on the wallet and something of a faux pas, but is less a source of embarrassment now. Another theory is that the market’s...




Mohammad Kha...
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excellent
  very informative website.............
Posted 9/7/09 9:09 AM