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Content about Wall Street

01.28.10
Pre Market Commentary

The major indices made new lows on Wednesday, but the selling was not serious. After another benign FOMC announcement, the Dow managed to rally 150 points from the low of the day, closing up 42. The technical pattern is called ‘3 drives to a low’ and you can see a chart of it below. The pattern is bullish and suggests that today we will get the best bounce since the decline started.

01.22.10
Glass Steagall 2.0

Some will consider 01/21/2010 (11:39 A.M. EST) the moment the White House declared 'War on Wall Street.' Others will remember it as the day the government declared its Independence from Wall Street.

01.14.10
Main Street vs. Wall Street

Main Street is struggling with a very weak jobs market, but Wall Street does not particularly care. It is not that Wall Street is heartless; it is just that it knows that a weakened labor force puts operating leverage back in the hands of corporate management. It means greater productivity per dollar of wages, which flows directly to the bottom line.