Quantcast

The Money Blogs is the source for Blogs about the latest financial and stock market news with rss feeds

The Senate approved yet another plan to stimulate the economy. It's called throwing $33 billion at homebuilders. This is of course doing nothing but giving money to the greedy pigs that helped create this mess. However, that is the way Washington works. Senate Majority Leader Harry Reid even had th ... Read more

The break past resistance has shown impressive upside follow through. The SPY and IWM are also past the key levels of resistance at 86 and 46 respectively. A close above those levels will be important. Also of note is the strength in retailers (RTH), homebuilders (XHB) and financials (XLF) above 9.4 ... Read more

Despite gapping higher on the open, all three major indexes broke down and closed near their daily lows. The Dow Industrials Closed down 171.44 points to 12,207.17. The Nasdaq Composite, which had gained 2% on the open, suffered a 3 1/2% swing and reversal of fortune, Closing at 2326.20 which was ... Read more