Author: The INO.com Team

Americans Yawn At Budget Cut Hype

Posted on by The INO.com Team

President Barack Obama is pulling out all the stops to warn just what could happen if automatic budget cuts kick in. Americans are reacting with a collective yawn.

They know the drill: Obama raises the alarm, Democrats and Republicans accuse each other of holding a deal hostage, there's a lot of yelling on cable news, and then finally, when everyone has made their points, a deal is struck and the day is saved.

Maybe not this time. Two days before $85 billion in cuts are set to hit federal programs with all the precision of a wrecking ball, there are no signs that a deal is imminent. Even the White House conceded Wednesday that efforts to avoid the cuts were unlikely to succeed before they kick in on Friday.

Still, for all the grim predictions, Americans seem to be flipping the channel to something a little less, well, boring. They wonder, haven't we been here before? Continue reading "Americans Yawn At Budget Cut Hype" →

Today's Video Newsletter: The housing market continues to shine

Posted on by The INO.com Team

Hello traders everywhere! Jeremy Lutz here, with your mid-day market update for Wednesday, the 27th of February.

THE HOUSING MARKET CONTINUES TO SHINE
After yesterday's news that new home sales rose nearly 16 percent in January, The National Association of Realtors (NAR) showed a much bigger than expected increase in its pending home sales index today, which reached its highest level since April of 2010 in January. NAR said its pending home sales index rose by 4.5 percent to 105.9 in January after falling by 1.9 percent to 101.3 in December. Economists had expected the index to increase by 3.0 percent.

What is a pending home sale? A pending home sale is one in which a contract was signed but not yet closed. Normally, it takes four to six weeks to close a contracted sale. Continue reading "Today's Video Newsletter: The housing market continues to shine" →

Poll: What are your thoughts on the housing market?

Posted on by The INO.com Team

Yesterday new home sales jumped 15.9%. That was a huge unexpected gap up in sales. What are your thoughts on the current status of the housing market?

Should the U.S. government do more to help boost the housing market?

View Results

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Today's Video Newsletter: Yesterday's concerns become today's reality

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 26th of February.

In addition to the markets we normally report on, we will also be looking at the following markets using our Trade Triangle technology.

STOCKS ON THE MOVE TODAY:
Discover Financial (DFS)
Newfield Exploration (NFX) Continue reading "Today's Video Newsletter: Yesterday's concerns become today's reality" →

Stocks Wavering As Traders Digest Bernanke's Testimony

Posted on by The INO.com Team

With Congressional testimony from Federal Reserve Chairman Ben Bernanke overshadowing a batch of upbeat economic data, stocks have wavered over the course of the trading day on Tuesday after initially moving to the upside.

The major averages are currently turning in a mixed performance, with the Nasdaq posting a modest loss. While the Nasdaq is down 6.26 points or 0.2 percent at 3,109.99, the Dow is up 66.62 points or 0.5 percent at 13,850.79 and the S&P 500 is up 1.35 points or 0.1 percent at 1,489.20.

The choppy trading on Wall Street comes as traders digest Bernanke's semi-annual testimony before the Senate Banking Committee. Continue reading "Stocks Wavering As Traders Digest Bernanke's Testimony" →