Risk is on so far this holiday week, but the bigger question is how long will that trade work. Tuesday's calendar is heavy on news about housing and the consumer, including the revision to third quarter GDP. Read More
In what appears to be a bet consumers will stick with discount retailers even after the economy rebounds, Warren Buffett's Berkshire Hathaway increased its Wal-Mart holdings by almost 90 percent during the summer. It added almost 18 million shares, currently worth almost $1 billion, in the third quarter. Read More
The S&P 500 snapped a 6-day winning streak with an ever-so-slight 0.07 point decline yesterday. However, rising 5.5% during the period, the run-up was the best such streak for the big-cap index since March 2003. Returning to the green today, the S&P is now up 7 of the first 8 trading days this month. Read More
The Group of 20 (finance ministers and central bank governors) signaled that while they would eventually be withdrawing their loose monetary stance, it would not be imminent. Read More
On a week where the Dow closes above 10K, gold tops $1,100 and unemployment hits 10.2%, the markets shrug off negative data to end the week up over 3%. Read More