When inexplicable things happen on an exchange, many people argue that those trades should be cancelled. I think it is useful to be clear about the test to apply for this.
The key question should be: Did something foul up in the order matching software? If order matching went wrong, or if there was . . . → Read More: Cancelling trades on an exchange: When is it a good idea?
The looming financial meltdown will affect the global economy and the U.S. will not escape, says Greg McCoach. Whatever happens, the precious metals are bound to fly, as investors scramble for tangible cover. Mining stocks will be major beneficiaries of the soaring metals prices, but where mines are situated will be an important . . . → Read More: When Greg McCoach Picks Mining Stocks, It’s Location, Location, Location
At 7:45 AM Eastern time, the weekly ICSC-Goldman Store Sales report will be released, giving an update on the health of the consumer through this analysis of retail sales.
At 8:30 AM Eastern time, the Consumer Price Index report for September will be released. The consensus is that CPI increased 0.5% last month, and . . . → Read More: Economic Events on October 16, 2012