Stock Market Update -Feb 15th

The market dropped again this week. The big expectation from the Treasury Secretary regarding the banks was a big letdown. New unemployment claims came in above 600,000 again for the week, and four more banks were shut down by regulators. Gold prices continue to move up.


Next week we have options expiration for February. The market could very well fall back to the November lows from here.

Microsoft announced that they will now open retail stores -another gaff from Microsoft in my opinion. This company has lost its way.

S&P heads to first quarter ever of negative earnings
Stock slaughter
The rise, and potential fall, of America’s banks
U.S. Foreclosures Top Quarter-Million for 10th Straight Month
JPMorgan, Banks to Halt Foreclosures for Three Weeks
U.S. House Passes Obama’s $787 Billion Stimulus Plan
Summers Says Obama Mortgage Plan to Focus on Lowering Payments
Gold hits seven-month high on safe-haven buying
Japan’s Economy Plunges at Fastest Pace Since ’74
Microsoft to open own stores, take on Apple
Stocks and Indexes mentioned in this blog are for educational and illustration purposes only.