Everything Is Exploding Higher Right Now

Joe Weisenthal | Dec. 2, 2010, 10:06 AM 

Crazy, crazy morning.

Right now everything is surging, with the S&P up .75% to 1214, which is a number that's really close to brand new highs. November slump almost completely gone.

Things were already looking pretty good, as the euro jitters disappeared post-Trichet, and then a good October pending home sales number just sent markets into overdrive again.

Check out the wack chart in the euro

Read more: http://www.businessinsider.com/everything-is-exploding-higher-right-now-2010-12#ixzz16yuI9e5e

Markets Slide To End A Sorry Week

Joe Weisenthal | Nov. 26, 2010, 1:00 PM

Alright world, at least it's the weekend. 

But first, the scoreboard:

Dow: -91

NASDAQ: -7

S&P 500: -8/30

And now, the top stories:

• Stocks slid in China and Hong Kong on renewed -- what else -- tightening fears, and so not surprisingly the mood throughout the rest of the world was negative. In terms of an event or headline out of Asia, fresh reports of North Korean artillery fire hammered Korean stocks and the Korean won.

• In Europe, the big story is that the crisis is rapidly approaching Spain and Portugal. The core of Europe wants those countries to take action fast, and are waging a war through the press to get Portugal to accept a bailout.

• In the US it was a down session, with endless talk about Black Friday failing to move stocks decisively in one way or another. The dollar was strong, and the industrial commodities and the precious metals got whacked. Silver was hit especially hard. For some videos of Black Friday brawls, see here.

• Everyone should have a great weekend. Next week should be big and busy.

• Joe Weisenthal
• Contact:
• e-mail : jweisenthal@businessinsider.com
• Work Phone : 646-214-8948
• SMS : 917-621-7438

Read more: http://www.businessinsider.com/week-of-november-29-preview-2010-11#ixzz16SPngzbF