Bullish Blog

AP - Wall Street ended its worst January ever by stumbling again over the banking system and the economy.

Reuters - S&P stock futures extended declines on Friday after quarterly results showed sales at Honeywell and Procter and Gamble fell short of estimates.

AFP - London stocks ended the week on the backfoot on Friday as the global economic picture darkened.

AP - European markets were mixed Friday, after sharp losses in Japan, amid more dismal economic numbers and quarterly reports from leading companies like Sony and Honda showing plunging profits.

Fear has driven money toward the Treasury market, sending bill, note and bond prices soaring, but there will be plenty of pain to go around once the bubble pops.

Reuters - Stocks closed out their worst January ever with another slide on Friday after data showed the economy contracted at the fastest pace in nearly 27 years in the fourth quarter.

AP - Stocks sank Thursday on news that unemployment claims reached a record high and that new home sales hit a record low. The major stock indexes gave back all of Wednesday’s gains, and then some, after the grim economic readings.

Reuters - Stocks tumbled on Thursday, derailing a four-day surge in the S&P and Nasdaq as poor earnings coupled with a fresh wave of bleak labor market and housing data heightened fears of a deep recession.

Reuters - Toronto’s key stock index ended lower on Thursday as nagging economic concerns hurt weighty bank shares and lower oil prices hit the energy group, forcing the TSX to undo nearly all its gains from the prior session.

AFP - OPEC members need an oil price above 50 dollars a barrel to make exports worthwhile, the head of the cartel said Thursday, adding that more production cuts were possible later this year.