The recent election of an explicitly anti-austerity party in Greece has upset the prevailing policy consensus in the eurozone, and raised a number of issues that have remained ignored or suppressed in policy circles. Expansionary fiscal consolidations have proven largely elusive. The difficulty of achieving GDP growth while reaching … Read entire story.
Source: Credit Writedowns
(Reuters) – EBay Inc raised its reported fourth-quarter net income by $87 million to reflect a reduction in income tax expense.
Today, I will be closing my first trade of the year where I went long Apple ($APPL) and shorted AOL inc ($AOL). That trade is now up over 47{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540}, not too bad right? It has certainly helped the overall portfolio which is up 11.42{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540} (see all trades here). Why am …
Crude oil may be readying to turn lower anew amid signs of ebbing upside momentum while the SPX 500 has cleared a path to retest December’s swing high.