CNBC has a time clock count down on the TV screen for the “Fiscal Cliff” – a term that we are not even sure who used first, but it was certainly brought into the mainstream by Fed Chairman Bernanke when he referred to it in a speech before Congress. Some clients I talk to are […]
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After being closed for two days during Hurricane Sandy, the trading markets have reopened this morning to the relief of many. It is significant because end of the month rebalancing and pricing happens today and it would have been challenging for financial reporting if the markets had not reopened as they have. Having grown up […]
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I say “happy” because October is proving to be the “bear – killer” month of the equity markets once again with an approximate monthly gain of 13 percent. Corporate earning reports seem to be the main driver of this impressive rally. Earnings and revenues are 9.3% and 1.7% above analysts’ forecasts. Earnings for the 134 […]
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