What is Rule 48, which was invoked by the NYSE?
Just yesterday the NYSE invoked Rule 48. Rule 48 was designed to be used in the event of a very volatile market condition. It allows for market makers to hold off from giving price indications prior...
View ArticleGreece default crisis fears subside, Asia markets bullish today
As fears of a Greece default subside, Asian markets are beginning to rise today. Germany and France have said today that they will support Greece as continues to find a way to relieve its massive...
View ArticleDid a Rogue Trader Hurt UBS Investment Bank?
UBS is down more than 9% this morning on 6.10 million shares traded. There recent loss of $2 billion is being blame on a single rogue trader. This rogue trader is thought to have executed many...
View ArticleOracle and Adobe Jump on Earnings
Oracle (NASDAQ:ORCL) topped estimates with 48 cents per share which was 1 cent per share higher than the average estimate. Oracle is currently up 3.32% in after hours. Net income rose to $1.84 billion...
View ArticlePre-Market Movers (NOK, KWK, ERIC, ALU, WY)
These are the pre-market movers on our watchlist this morning. Nokia Corp. (NYSE:NOK) NOK’s pre-market quote is currently, $6.80 +$0.68 (11.1%) Nokia Corporation is a manufacturer of mobile devices,...
View ArticlePre-Market Losers (WDC, EBAY, WYNN, NVEC, TYP)
Some earning disappointments have led to these pre-market losers. Western Digital Corp. (NYSE:WDC) WDC’s pre-market quote is currently, $23.02 -$1.42 (-5.8%) Western Digital Corporation designs,...
View ArticleGreece Exit Polls – Very Close
The first exit polls are in, with about 80% of voters being reported. The New Democracy seems to have a slight lead of Syriza in the Greek exit polls. Greece’s conservatives and radical left Syriza...
View ArticleU.S. Economic Calendar Event Update – Aug 30
These are the U.S. economic calendar events for Thursday, August 30, 2012. All times are EST. Continuing Claims for the week ending on 08/18 are scheduled to be released at 8:30 AM. Analysts are...
View ArticleWhere Gold and the Markets are Heading in 2 Days
The US dollar index is right at resistance, Gold is at support and the US markets are roaring back up on light volume. What’s going to happen next? I see that the Bank of... The post Where Gold and...
View ArticleHow Superman is Predicting the Market’s Next Move
I was doing some research in how the SPY is moving vs. metals this year and stumbled upon something very interesting. The Man of Steel would be happy to see what I found. Take... The post How Superman...
View Article
