Hot Penny Stocks

The S&P/ASX200 was lower by 22 points, ending the day at 4,687.80. Due out today is the consumer price index (CPI) figures for September. Some are predicting that the index will rise 0.9%, which would still leave annual inflation just within the RBA’s 2% – 3% target range. The Dow Jones Industrial Average managed to [...]

Did you notice that your morning coffee is now is about thirty cents more expensive than last year? While everyone in the editorial office has agreed that it would be easier to have 10% of our salary directly deposited to our favourite St Kilda coffee shop, there was outrage here about two months ago when [...]

The property spruikers have gotten themselves quite excited about an article by PIMCO Australia chief, John Wilson in Business Spectator last week. Mr. Wilson headlined the article, “Our non-existent housing bubble.” As you can pretty much guess from the headline, Mr. Wilson sums up the article saying: “The demand for housing is determined by the [...]

You know an economy might be facing a little trouble when one of its own central bankers says that officials should ‘…not settle for weak growth out of misplaced fear of inflation.’ Oh dear. Adam Posen, a policy maker at the Bank of England (BoE) has said that quantitative easing needs to be resumed immediately [...]

On Friday, the S&P/ASX 200 closed at 4,541.02, higher by 8 points.
The Dow Jones Industrial Average added 127 points, ending the week at 10,447.93. The jobs data surprised the markets, as the figures weren’t as bad as predicted. The US economy only lost 54,000 nonfarm jobs.
America’s trade deficit for June increased by USD$49.9 [...]

Yesterday, the S&P/ASX 200 added a huge 91 points (2.08%) to close at 4,495.70. And the index has been potentially predicted to do again today, already 1% higher.
The June quarter gross domestic product (GDP) figures released yesterday and were one of the main drivers of the rally. The economy grew 1.2% for the second [...]

On Friday, the S&P/ASX 200 ended the day higher by 14 points, to 4,370.10. The Aussie index is currently 60 points up this morning.
The Dow Jones Industrial Average gained 164 points closing to 10,150.65. Gross domestic product (GDP) was cut from an annualised rate of 2.4% down to 1.6%.

However the market rallied as [...]

On Friday, the S&P/ASX 200 was 58 points higher, ending the week at 4,459.60. The market has opened over 50 points lower this morning.
The Dow Jones Industrial Average lost 16 points, ending the week at 10,303.15. The Dow was over 3% lower last week. After months of worrying about Europe, economists are back to [...]

Hungary says no thanks.
Hungary has done what Greece couldn’t. Or wouldn’t.
And that’s turn the International Monetary Fund’s (IMF) offer of help away.
The previous parliament did accept an offer of €20billion (AUD: $28.8billion), however they only drew on €14 billion. But the IMF has repeatedly made offers to help with more aid, or really, more [...]

Just when the shopping spree for the Fed had ended, there’s talk that they could start spending up again. All in the name of saving the economy.
James Bullard, the president of the Federal Reserve Bank of St Louis has suggested that the Fed resume purchasing Treasury securities if the economy slows. This is interesting timing, [...]