Economy & Markets
The important economic and stock market news that advisors need to know.
Jewish Holidays Trade Can Net You Extra 1%, Study Finds
By Gil WeinreichWhats known as the Jewish Holiday effect is chump change compared to the real import of the holidays, a 10-day period known as the Days of Awe when Jewish tradition holds that God decrees the fate of all mankind for the year ahead.
September 28, 2011
SEC Seeks to Tighten Circuit Breaker RulesFurthering its efforts to avoid another 'flash crash' like the one that occurred last May, the SEC on Tuesday announced proposals to revise existing market-wide circuit breakers that are designed to address extraordinary volatility across the securities markets.
September 28, 2011
Test Vote Threatens Germany’s Merkel, Euro Zone Rescue FundA test vote in Germany's Parliament on Wednesday brought bad news for Chancellor Angela Merkel, and perhaps for the whole euro zone.
September 28, 2011
EU Proposes Transaction Tax for Financial InstitutionsThe European Union proposes that a transaction tax be assessed on financial institutions, the EU announced Wednesday.
September 27, 2011
El-Erian: Europe Finally ‘Gets’ Severity of Debt CrisisPolicymakers in Europe 'finally' understand the severity of the regions sovereign-debt crisis and the actions that need to be taken, Pacific Investment Management Co.s Mohamed El-Erian told Bloomberg Radio Tuesday.
September 27, 2011
‘Trader’ Alessio Rastani Prays for Recession, Says Millions Will Lose SavingsSome are questioning whether the arrestingly earnest trader is really a member of the Yes Men, anticapitalist activists who impersonate the people they dislike as a means of exposing what they view as the real truth about corporations.
September 27, 2011
Cash Is King, Say BlackRock’s Doll and Fidelity’s SovieroAs corporations sit on mountains of cash, equities just might outperform bonds despite all the current craziness in the stock markets, said a group of portfolio managers at a Fidelity Investments forum.
September 27, 2011
Operation Twist Makes REIT ETFs a Good BetAs equity markets struggle to decide whether or not to like Operation Twist, bond markets have clearly pronounced in favor. For clients with a riskierbut not suicidalflair, ETFs are one way to take advantage of what the Fed has to offer.