Sell in May? What the Studies Say
While efficient-market theorists cringe at the thought, “sell in May and go away” has not gone away. A look at the data behind this adage.
ECB Pushes for Looser Basel Liquidity Rule
The ECB is advocating a looser standard on eligibility of assets that can be used to satisfy a draft liquidity rule from the Basel banking committee, over concerns that the current definition is too restrictive on credit in the midst of the financial crisis.
U.S. Economy Shows Strength as Dow at 4-Year High Nears 13,000: Schwab’s Aguilar
U.S. economic improvement, housing market stability and strong corporate profits have contributed to the stock market’s solid performance in 2012 as the Dow hits a four-year high.
Fitch Downgrades 3 Big Banks, Threatens Over a Dozen More
Fitch Ratings cut the long-term issuer default ratings of three major banks late Thursday, and warned that more than a dozen more may see their ratings cut as well as it put them on a negative watch.