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BalanceOfTrade posts

Surprise! Trade deficit drops 3.5%

Posted Oct 9th 2009 12:20PM by Tom Johansmeyer (RSS feed)
Filed under: China, Economic Data

In August, the U.S. trade deficit showed an unexpected drop of 3.5%. This shrinks the deficit to a mere $30.7 billion – rather than the $33 billion economists expected. Oil prices surged, but the amount of shipments fell precipitously. The increase in exports suggests that the global economy is working its way out o the doghouse.

Exports of goods and services pushed 0.2% higher in August to $28.2 billion. This was the fourth consecutive month of increases. American farm products, cars and parts, industrial engines and telecommunications equipment sales all contributed to the small upward move.

Continue reading Surprise! Trade deficit drops 3.5%

Is the stock market spring loaded? Could it move 3,000 points higher now?

Posted Mar 11th 2009 11:30AM by Sheldon Liber (RSS feed)
Filed under: Major Movement, Forecasts, Citigroup Inc. (C), Politics, DJIA, Recession

If we learned anything from Tuesday's market, it's that it is spring loaded, pun intended. The Dow Jones Industrial Average was up 379.44 or 5.8%, closing at 6,926.49. The NASDAQ and S&P were up even more. All this on skimpy news from Citigroup Inc. (NYSE: C) that it may have made a profit in the first two months of the year. That was all it took to get the market to pop!

For it's part, Citigroup jumped even more, ending the day at $1.45, for a $0.40, or 38.10% gain. Sending a memo to employees is not a novel approach to getting some stock buzz when anything more could have ended up being a lawsuit for potentially misleading investors somewhere down the road.

Continue reading Is the stock market spring loaded? Could it move 3,000 points higher now?