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After Wednesday’s surprise Fed rally, stocks tank again

WASHINGTON, October 9, 2014 – After Mr. Market rallied big time Wednesday afternoon, making the Maven’s previous, depressing column look almost foolish, the bears seem to be out in force Thursday, having taken back about half of yesterday’s surprising gains as of 11:00 a.m. EDT. (UPDATE: As of 11:45 a.m. EDT markets have taken back ...

Stocks in ‘widening gyre’ as HFTs play Ebola, headline risk

WASHINGTON, October 8, 2014 – It’s been getting scary out their in the real world. Texas logged its first Ebola death Wednesday morning amidst the Obama Administration’s continuing inept response to what’s going on. The logo above, which we borrowed from this morning’s Drudge Report, says it all in that regard. Adding this morning’s “blood ...

Fast and Furious: All eyes on Scotland, Alibaba [BABA] IPO

WASHINGTON, September 18, 2014 – It’s fast and furious out there on Wall Street, almost like last year’s action film of the same name. (No reference to the Eric Holder scandal that the press says never happened.) The Fed has already weighed in with its September Scooby-Doo style “Who, me?” report, confirming QE ends after ...

BREAKING: Fed QE ends in October, Alibaba [BABA] on deck

WASHINGTON, September 17, 2014 – It’s official. The U.S. Federal Reserve Bank is ending its QE bond-buying program in October as promised. But the eagerly hoped-for words “a considerable time,” remained in its statement today, assuring investors that interest rates would be going up, but not very soon. The market has been in turmoil over ...

Apple [AAPL] products, Alibaba [BABA] IPO loom

WASHINGTON, September 8, 2014 – We begin another uncertain week on Wall Street today. Numbers are and aren’t what they appear to be and the international forces of violence are having a field day since the good guys’ once reliable general, the United States, has gone on a perpetual golf holiday under figurehead President Duffer ...

Protesters brighten otherwise blah finale to Jackson Hole confab

JACKSON HOLE, Wyoming, August 23, 2014 – The Maven didn’t bother to file a report Friday, given that both Fed Chair Janet Yellen and ECB guru Mario Draghi were holding forth at various times during the morning and afternoon, heckled outside their Jackson Hole meeting venue by a few prescient citizens who seem to understand ...

GDP, Fed flood inundates Wall Street. Bull market to end?

SANTA FE, N.M., July 30, 2014 – Flooding was big news yesterday in the otherwise-parched American West, swamping among other places parts of New Mexico’s Sandoval County as surprisingly large summer monsoons continue to wash through this desert state where the Maven is staying this week to review the Santa Fe Opera’s current season. More ...

Yellen, Fed taper again: Stock market tapers big time

WASHINGTON, March 19, 2014 – As far as stock market bulls are concerned, new Fed Chief Janet Yellen flunked her first press conference today, first by announcing another $10 billion cut in the Fed’s QE monthly bond purchasing program, and next by musing that interest rates could start rising in just six months. The former ...

Stock market meanders as traders digest Fed minutes

WASHINGTON, February 19, 2014 – Markets are schizzy today after yesterday’s light-volume happiness. During most of the morning, both the DJI and the S&P 500 started powering up again before backing off, awaiting this afternoon’s release of the Fed’s latest meeting minutes. Around lunchtime, traders apparently sobered up about the possibilities and decided, most likely, ...