When I was a kid, birthdays meant something, especially the ones ticking off the very early years. Well, I guess things have changed …
The two-year anniversary [birthday] of the fastest bull market since the 1950s ended on a down note Wednesday as crude oil prices hovered near $104 a barrel …
That’s wrong, just wrong! How could investors/traders be so cruel, especially when they can afford to be more generous?
Stock gains boosted Americans’ wealth last quarter; corporate cash rises to record high. This year’s list (Forbes) broke records in size (1,210 billionaires) and total net worth ($4.5 trillion).
Perhaps in a sign of contrition, the money class (bankers included) is thinking about the rest of us afterall …
The number of U.S. homes receiving a foreclosure-related notice fell to a 36-month low last month, as lenders delayed taking action against homeowners … amid heightened scrutiny over banks’ handling of home repossessions.
Then again, maybe they only did this because of the legal and civil actions (billions at stake here) pending regarding their absolutely careless and greedy behavior.
Okay, so we should look at the bright side, I guess …
- Crude oil futures slumped on Thursday as the dollar index strengthened on fresh euro zone credit woes.
- Moody’s downgraded Spain’s sovereign debt rating by one notch on Thursday and warned of further cuts to come.
- The trade deficit widened much more than expected in January as surging imports of oil, capital goods and cars overpowered record exports.
- China reported a surprise trade deficit in February as surging oil drove up import costs.
Well, maybe the above news is not so bright, since the market is sinking again today. I know, I know. Okay, then, here is something really bright and worth smiling about …
A new report by the Solar Energy Industries Association found that 2010 was a banner year for solar in the United States. The total size of the U.S. solar market — which includes rooftop installations, hot water heating and utility scale projects – grew from $3.6 billion in 2009 to $6 billion, a 67 percent increase.
Happy 2-Year Birthday Bull Market! I know it doesn’t seem like it now, but it only gets better from here.
Trade in the day – Invest in your life
