by Jason Apollo Voss | 06 08 2011 | Blog
Late Thursday night there was a potentially important development in terms of righting the U.S. economic ship. Bank of New York Mellon (BNY Mellon) moved to charge extra fees on its clients that hold more than $50 million in cash deposits with the bank. Why is...
by Jason Apollo Voss | 05 08 2011 | Blog
I promised yesterday that I would continue to monitor the “mood of the market” until there was some sort of cohesion. Friday’s close on the Dow Jones was up 60.93 points. However, the index shot up as many as 170 points, only to then see a...
by Jason Apollo Voss | 05 08 2011 | Blog
One of the massive catalysts for yesterday’s large financial markets fall, which I covered in “Are You Scared of Stock Market Falls,” was the decision Thursday by the European Central Bank to only include the debt of Ireland and Portugal in...
by Jason Apollo Voss | 05 08 2011 | Blog
Department of Labor figures demonstrate that in July jobs growth in the U.S. has finally taken off. Specifically, the economy added 117,000 non-farm jobs. This compares to economist expectations of only 75,000 jobs created. By the way, in case you are...
by Jason Apollo Voss | 04 08 2011 | Blog
Today the Dow Jones Industrial Average fell 512.76 points, or 4.31%. This moment of market turbulence is similar to, though not as severe as, the Great Recession’s big market decline of early March 2009. The primary similarity is that the “mood of...
by Jason Apollo Voss | 03 08 2011 | Blog
Here is an overview of some of the dynamics driving the sideways to down stock market this year: Job creation remains anemic in the United States. Without new jobs there cannot be incremental spending in our consumer driven economy. Without incremental...
