Financial Reform
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5/24/10 Midafternoon Report: American xenophobes shout “I told you so!” as european fears send US markets tumbling
Stocks were mostly flat today like they had no gaussian curvature or had Heidi Montag‘s singing voice until they took a nosedive over the final 30 minutes of trading. Existing home sales in the US rose by 7.6% and bested analyst guesses thanks to the first time home buyers tax credit, foreclosure auctions, and promises…
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4/26/10 Midafternoon Report: Financial reform bill coming after Senators talk dirty to it
The markets were relatively flat today despite the financial sector reaching down for its cankles as the Senate prepares to probe the sectors’ cavernous derivatives loophole. Financial reform is coming, the only question is if it will be weak or really weak but until then financials should be a bit volatile with a downward bias. …