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Early Financial Fireworks Hit the Markets; Will the U.S. Emerge the Leader in the Second Half of Year?

With all the mixed signals driving uncertainty and worry lately, the consensus has been a foggy windshield with no clear direction. We can't even tell if one of the largest bear market rallies in history is fizzling or pausing.

On Wall Street, uncertainty is certainly a buzz killer for the irrationally exuberant. If you need a towel to wipe away the fog, take a look at Your Cheat Sheet to the Psychology of Market Cycles.

While contemplating where we're headed, let's take a look at some data points that indicate the US has the potential to lead the world out of this recession ...


Continue reading Early Financial Fireworks Hit the Markets; Will the U.S. Emerge the Leader in the Second Half of Year?

Kroger (KR) issues a beef recall following reports of E. coli

If you are a Kroger (NYSE: KR) shopper and you think that you may have picked up some beef from the grocer recently, you may want to take a closer look at it, as reports of E. coli have prompted a recall from the grocery chain.

The recall involves beef products that were purchased between May 21 and June 8 in Michigan, and parts of the Ohio market. Kroger was forced to take this action following reports that there had been E. coli illnesses linked to beef sold in Kroger stores in the two locations.

So far, it looks as though there have been 19 reported cases in Michigan, and another 15 cases reported in the state of Ohio that can be linked back to the Kroger beef. The meat in question has been traced back to a Kroger store in Gahanna, a town in central Ohio. It does not look as though any stores in Michigan have definitely been linked to the tainted meat, but since there are reported cases of the disease in the area, you should definitely return any beef that you purchased from Kroger during the time frame in question.

Continue reading Kroger (KR) issues a beef recall following reports of E. coli

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IndexesChangePrice
DJIA-74.9212,454.83
NASDAQ-1.852,837.53
S&P 500-2.861,317.82

Last updated: May 26, 2012: 03:32 PM

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