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“We still believe that hedge funds have the ability to significantly short the market,” said Bartels, head of technical and market analysis in New York. “It’s a bearish signal, absolutely.” The adjusted short interest ratio, a measure of potential buying pressure, is 1.5 for the Standard & Poor’s 1500 Composite, down from 2.4 at the [...]
Individual municipal-bond investors aren’t fleeing the market after Standard & Poor’s lowered the credit rating of thousands of bonds. The ratio of buy orders to sell orders, a measure of investor demand, was 2.5 for municipal-bond trades on the BondDesk Group LLC platform yesterday, meaning there were more buyers than sellers, said Chris Shayne, senior [...]
U.S. stocks surged, reversing most of yesterday’s plunge, and Treasuries sank as an unexpected drop in jobless claims and higher-than-estimated earnings tempered concern the economy is slowing as Europe’s debt crisis widens. The Swiss franc slid on plans to temporarily peg the currency to the euro. The Standard & Poor’s 500 Index jumped 4.6 percent [...]
Intensifying concern over Europe’s sovereign debt crisis and the potential spillover for the U.S. economy are creating “panic” in the junk-bond market, according to Pioneer Investment Management Inc.’s Andrew Feltus. Investors withdrew an unprecedented $2.1 billion from junk mutual funds globally on Aug. 9, research firm EPFR Global said. Relative yields on high-yield bonds, rated [...]
Standard & Poor’s downgrade of the U.S. credit rating may have triggered the latest stock market drop, but it was not the cause. A huge write-down of equity values was probably inevitable. (Just an aside: Given S&P’s cluelessness in the Lehman debacle and its inability to discern dross from gold in the pools of mortgage-backed [...]
Two of Securities America Inc.’s top advisers, including the head of its largest financial adviser group, walked out the door this week to join rival LPL Financial LLC. Donald Patrick, president of Integrated Financial Group of Atlanta, joined LPL yesterday. His group has about 50 brokers and annually produces about $10 million in fees and commissions, according to [...]
Around 300 delegates from leading Japanese Banks and Businesses, and Economic Ministries and Vietnamese groups, will attend a conference on Japanese Investment on August 10. The information was released at a press conference held on July 26 by the Foreign Investment Agency (FIA) of the Ministry of Planning and Investment, the Japanese embassy in Vietnam, [...]
GreenBiz 2011 Participants will give a chance to drill down on Vietnam’s Growth Sustainable future Experienced Vietnam has in recent years rapid Economic Development. The country is one of the Most attractive Emerging Markets in Asia, with an average rate from 2005-2010 Annual Growth Reaching 7.2 per cent. This Impressive Growth, Tuy nhiên, also brought [...]
A meeting to mark the 35th anniversary of Vietnam-Thailand Diplomatic ties was held in Ho Chi Minh City on August 2 by the Municipal People’s Committee and the Union of Friendship Organisations. Between Vietnam and Thailand Bilateral ties have been well over the past 35 Developing years, Especially in trade and Investment. Thai Consul General [...]
A team of regulators charged with preventing another financial crisis is fending off criticism it’s moving too slowly to identify the firms whose failure could pose a threat to the economy. The year-old Financial Stability Oversight Council planned to start designating systemically important non-bank financial companies, such as insurers, as early as the middle of [...]