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Bobbys Corner-Open Market-Oct.15.2012 15 Oct 2012 | 05:05 pm
Good Morning: Monday morning markets: Europe is still in a wait and see mode-as the Spanish saga keep going-with no end in sight. Will they/won’t they ask for a bailout. Let’s do the bailout and g...
Bobbys Corner-Open Market-Oct.12.2012 12 Oct 2012 | 05:31 pm
Good Morning: The European Union was awarded the Nobel Peace Prize for promoting peace,democracy and human rights. They were awarded this prize-as the EU was once a continent at war-and now is a con...
Bobbys Corner-Open Market-Oct.11.2012 11 Oct 2012 | 05:16 pm
Good Morning: Spain was downgraded by S&P to BBB- from BBB+. This brings Spain’s debt rating to the brink of junk. Can you believe that Spanish debt is considered investment grade! A downgrade wa...
Bobbys Corner-Open Market-Oct.10.2012 10 Oct 2012 | 05:14 pm
Good Morning: A fairly lackluster overnight session-with the majors showing no real activity. Fitch Ratings commented that the US fiscal cliff, EU crisis, and a potential “hard landing” for the Chin...
Bobbys Corner-Open Market-Oct.9.2012 9 Oct 2012 | 05:30 pm
Good Morning: The IMF cut it global GDP forecast-yet again. For 2012-they cut their estimate by .2%. From 3.5% to 3.3%. For 2013-they cut their estimate by .3%. From 3.9% to 3.6%. European Finan...
Bobbys Corner-Open Market-Oct.5.2012 5 Oct 2012 | 05:24 pm
Good Morning: Markets are quiet ahead of this morning’s US jobs report. Guesstimates are for the unemployment rate to push up to 8.2%-while the economy added 125K. Let’s hope that the NFP number is...
Bobbys Corner-Open Market-Oct.4.2012 4 Oct 2012 | 05:36 pm
Good Morning: As expected, the Bank of England left their benchmark interest rates unchanged at .5%. Asset purchasing program remains unchanged at 375 bln GBP. Also-the ECB left interest rates unch...
Bobbys Corner-Open Market-Oct.3.2012 3 Oct 2012 | 05:11 pm
Go0d Morning: Little movement in the markets today: China is still on holiday-as is Korea. Germany has National Day (Reunification Day)-but you can still clear Euro payments. Service sector PMI d...
Bobbys Corner-Open Market-Oct.2.2012 2 Oct 2012 | 05:40 pm
Good Morning: A fairly inactive morning greets us: China is still on holiday-and India is closed today-So What, you say?- That over 1/3 of the world’s population on holiday today Reserve Bank of Au...
BobbysCorner-Open Market-Oct.1.2012 1 Oct 2012 | 05:15 pm
Good Morning: We start the day/week/month & 4th quarter with a rally in the European equity markets. Encouraging news from the Euro Zone’s periphery manufacturing PMI front for September is helping ...
