The #1 Source for Stock Trading Information
TSX lower, commodities back off amid more worries about slowing Chinese economy
TORONTO – The Toronto stock market was lower Friday as commodity prices retreated amid worries of another round of monetary tightening in China
Read more on Canadian Business
Japanese Stocks Rise on Economic Growth; Banks Gain on Outlook
Japanese stocks rose as the nation’s economy grew faster than expected in the third quarter and after banks raised profit forecasts.
Read more on BusinessWeek
Commodities tumble on fears that China will try to slow its economy
Rumors of another Chinese interest-rate hike start a chain reaction of selling across financial markets worldwide. The fast-running bull market in commodities hit a wall Friday as prices plunged on fears that China will try to slow its economy to tame inflation.
Read more on Los Angeles Times
Jeremy Grantham: “The Fed Has Spent The Last 20 Years Manipulating The Stock Market”
To those who have read GMO’s last letter bashing the Fed, ” Night of the Living Fed “, there will be little new in Jeremy Grantham’s interview with Bartiromo to be aired later today. For those who haven’t, the GMO strategist does a terrific summary of how the Fed’s economic central planning (a function it should not have, and should merely focus on monetary policy) has destroyed the stock market …
Read more on Zero Hedge
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