•U.S. Marketplace: As of yesterday, it appeared the Bulls Chasing Bears scenario was finally about to unfold. That is until Microsoft spooked the market big time with their less than savory earnings and outlook reports.
Regardless of the spooky report from Microsoft, I believe the turn around of both National and Global Markets will begin sooner rather than later.
President Barack Obama’s plan to shore up lenders, Bank of America Corp. share purchases by company executives and the VIX falling the most since October, reflecting lower prices for contracts used to hedge against declines in the S&P 500, are just a few positive events to end current volatility in the marketplace.
•Other U.S. Headlines:
-New U.S. President Barack Obama swears in again..Read more (here)
•Canadian Marketplace: Mortgage Rates Dropping in Canada…
Exceptionally good news for Canadian Consumers Today. Interest rates for fixed and variable mortgage rates going lower as Major Banks in Canada lower rates, following the Bank of Canada’s key lending rate cut, to a historic low of 1 percent.. Read more (here)
•Other Canadian Headlines:
-Hackers Breach Credit-Debit-Card Data.. Read more (here)
•International News: Young mother wants to sell her little girl.. Read more (here)
•Stock News: Microsoft news (not good).. Read more (here)
…..Doug T
