Good morning, dear reader! After Monday's smart rally, the domestic equity market should start from where it had left, if one were to go by the Nifty50 futures on the Singapore Stock Exchange. Wall Street ended flat in overnight trade, but Asian markets are surging this morning. Here is your daily dose of all the big and small events - including Apple's new iPhone launch -from around the world that may have changed your market while you were sleeping. Read on!
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Fish yourself a Dow stock out of the earnings pond.
Go ahead—grab your rod and reel one in.
Now ask yourself this question: Will it blend?
General Motors stock gyrated between losses and gains Monday as it started its first full week of trading as a reborn company.
Analysts said the reason is a combination of hedge funds taking profits and other investors jumping in as the price dips, and they expect volatility to last for several more days.
Stock in GM dropped as much as 45 cents to $33.81 as trading opened, but it rebounded to a gain, then continued to move in and out of positive territory.
Yes, the federal government does a lot of stupid things. And yes, it's easy to see why Wall Street firms are bailing out of the Troubled Asset Relief Program: to avoid having to deal with the government's ever-changing rules and with publicity-hungry congressmen. (Is there any other kind?) But that doesn't excuse the way that Wall Street is engaged in selective memory now that the government has shelled out trillions of taxpayer dollars to keep the Street alive.