The recession is over... or so says today’s GDP data. For the third quarter, Gross Domestic Product rose by 3.5%, better than the analyst forecasted 3.2%. This was the first time the econo

Stocks slumped in the final hour of trading, gains gone in 60 minutes after an intraday downgrade by respected Rochdale researcher Dick Bove (rhymes with pay, which is also under attack) of Wells Far

Yesterday the Fed gave investors a reason to take profits, today it was existing home sales data.For the month of August, existing homes sales came in at 5.10 million vs. 5.35 million consensus estim

Junk Bonds are a Healthy Sign of the Market The credit markets are getting “ridiculous,” so says two analysts at Citigroup. In a story by Bloomberg, high-yield bonds from the least credit

New day, same story on Wall Street.Today’s rally was ignited by comments by Treasury Secretary Tim Geithner to the Congressional Oversight Panel. Geithner hinted at a shift in strategy from res

On August 9, when I headed out for countries and parts unknown, the intraday high on the cash S&P 500 was 1018. Tuesday, upon my return, the low posted this day after Labor Day was 1018. Sell in

It seems like commodities are in style once again. Last week gold was the story, and this week its crude oil making a large move. Black gold finished the day higher by 4.85% to 71.30. While the yello

Shanghai Slumps The Shanghai Composite led Asian markets to the downside, plunging 5.8% overnight, the largest drop so far for 2009. The biggest victims in last night’s drubbing were metal stoc

Editor's Note: The following was posted in real time on our premium Buzz & Banter (click for a free trial). It's being shared here for the benefit of the Minyanville community. In th

Base metals have witnessed a favorable uptrend and are most likely going to sustain this trend due to an uptick in demand and signs of a global economic recovery. Most recently, the National Associat