Stocks Surge Stocks surged this past week thanks to a new plan to resolve the European sovereign debt crisis, as well as data showing that our own U.S. economy expanded by some 2.5% in the third quarter, which is the fastest tally by far this year. Stocks have now surged some 17% since October 3 and are just a slight …
“On The Record with Donald Rice”
Read the interview of Money Management Services President and CEO, Donald R. Rice, published in The Birmingham News, revealing who he is and how his one email to U.S. Representative Spencer Bachus landed him face to face with the Congressman discussing how proposed legislation…
Stocks Climb for Third Consecutive Week
Stocks Climb As we moved into the heart of the third quarter earnings season, the majority of stocks headed northward as the earnings picture is apparently beginning to show signs of improvement. Although there were some disappointments, such as Apple’s first earnings ‘miss’ since 2003, as well as tepid results from IBM and eBay, the norm was better-than-expected tallies. One …
Stocks Advance as The Bulls Continue to Snort
Stocks Advance With the third quarter earnings season now underway, stocks took another opportunity to continue their upward ascent, which again was a welcome relief. Stocks advance thanks to some blowout earnings numbers from such tech stalwarts as Google, and the roll out of Apple’s newest iPhone, stocks jumped to their highest close since early August and pushed both the …
Reversal of Trends as Stocks Move Higher
Stocks Move Higher Stocks gain as apparent progress on resolving the European sovereign debt issues and improving economic data boosted equities this past week, and thankfully reversed the long running declines as of late. We had three-day winning streak which started on Tuesday thanks to some comments from Fed Chairman Ben Bernanke, but it was the big story in the Financial …
Good Riddance September, European Debt
Debt Burden Ongoing concerns over the financial state of the European Union, specifically the country of Greece, caused Wall Street to close out the week and the third quarter on a somber note. Whether it was the euro-zone sovereign debt problems, the possibility of another U.S. recession, a weak banking situation, a slowdown in China, or a crummy employment outlook, …