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GROUPON WHIFFS: Stock Tanks To New All-Time Low After Hours (GRPN)
Groupon shares crashed another 16% after earnings, to a new all-time low of $3.25 a share.Why?Because the company blew another quarter.Revenue of $569 million came in below expectations of $590...
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CHART OF THE DAY: STOCKS PIERCE THE 200-DAY MOVING AVERAGE
OH NO!The S&P 500 fell beneath the famous 200-day moving average.Fans of "technical analysis" will worry that this represents "key support" for the market, and that because it is now below this...
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CBO Shows How Baby Boomers Are Going To Help Drive Debt To Levels Not Seen...
The U.S. faces a massive budgetary debacle and faces a fiscal cliff that could drag on the economy but reduce federal debt in the long-run. But the Congressional Budget Office (CBO) is out with a new...
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Here Are The Smart Groupon Insiders Who Dumped The Stock Before It Collapsed
Groupon just blew another quarter, and its stock has tanked to an all-time low of $3.25 a share in after-market trading.That's a staggering 85% below last year's IPO price of $20.It's also 60% below...
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Relax, Obama's Win Is Not Causing The Stock Market To Fall
Since President Obama's reelection the stock market has been falling. Some say this might be because of his victory, but there are probably other factors at play....
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Japan Is Going Down Again
The selloff continues.After a hard fall Wednesday, and a decent fall today in the US, Japan is down again.The Nikkei is currently off about 1%.US futures are ticking higher, but this is how yesterday...
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CALCULATED RISK: Here's What's Probably Going To Happen With The Fiscal Cliff
Bill McBride at Calculated Risk has two must-read paragraphs on the so-called Fiscal Cliff:My baseline forecast assumes a compromise on the fiscal slope (more of a "slope" than a "cliff", and January...
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Forget All The Chatter, Inflation Isn't A Threat To China
Chinese consumer prices climbed 1.7 percent year-over-year in October, dropping to a 33-month low, according to the latest data from the National Bureau of Statistics. The drop in CPI was driven be a...
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8 Surprising Things That Wealthy Chinese Invest In
China's stock market has put up a dismal performance for sometime now.And the government's efforts to curb speculation in real estate has left many wealthy Chinese investors with few places to park...
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The Ugliness Continues — Markets Are Deteriorating Again
At the moment, we're looking at the third straight day of soggy, ugly markets.Europe is red across the board.Italy is down 0.5%.Germany is off 0.4%.Spain is down 0.6%This comes after a night in which...
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Another Round Of 'Green Shoots' In China
This has definitely been a big theme of the last month or two: The idea that the Chinese economy was no longer hard landing.A fresh batch of data out overnight helps confirm that idea.Via MarketWatch:...
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Krugman Tells Obama: DON'T MAKE A DEAL
In his brand new op-ed at the NYT, Paul Krugman makes the loudest case yet that Obama shouldn't rush into any kind of big "deal" with the GOP on averting the fiscal cliff.Liberals have been going in...
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GOLDMAN: Here's What Global GDP Will Look Like In 2050
Goldman recently published their projections for GDP levels by nation 38 years into the future. This has to be a difficult forecast to make - involving assumptions that, if changed slightly, could...
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Here's An Insane Chart Showing Just How Much The Fiscal Cliff Is Being Hyped
As Calculated Risk (and many others) note, the term 'Fiscal Cliff' is a misnomer. The US economy is not going to fly off a cliff and implode on January 1 if we don't make a deal. There will be a drag...
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The Euro Is Getting Smacked
More hard selling for the Euro, which just keeps pushing lower.It's a little unclear what the freakout is directly related to.The fate of Greece is still a little unclear, but the latest headlines...
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John Boehner And Barack Obama Should Reveal A Lot About The Fiscal Cliff Today
The Fiscal Cliff has become a MAJOR source of interest for the market, and today should be interesting.Both Obama and Boehner are set to speak publicly on the matter today.Jake Sherman, Carrie Budoff...
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Developing Economies To Eclipse The West By 2060, OECD Forecasts
China, India and the rest of the developing world will eclipse the west in a dramatic shift in the balance of economic power over the next 50 years, according to research by the Organisation for...
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China's Economy Will Overtake US In The Next Four Years, Says OECD
China will overtake the US in the next four years to become the largest economy in the world, says a leading international thinktank.The Paris-based Organisation for Economic Co-operation and...
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CHART: Apple Walking In RCA’s Footsteps
Apple's share price was leading the stock market's rally earlier this year, and lately it has been leading the correction. This fall from grace for the stock of Apple has a lot of analysts puzzled,...
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London Hedge Funders Lose Their Cool When Trapped In An Elevator
City DiaryNewSmith founders Michael Marks and Stephen Zimmerman had put in a full morning’s work hedging funds in their Berkeley Square base.But disaster struck on the way out to a well-earned Mayfair...
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