Entries by Spencer Li

S&P 500 – Awakening Bear | Technical Analysis | Stock Indices

The selloff continues in the US markets, as the Dow and S&P 500 dropped for a fifth day, with the pullback coming on the cusp of earnings season. This slide marked the S&P 500’s worst day since December 8. The declines were the largest losses this year in terms of both points and percentage drops for […]

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S&P 500 – Bernanke’s Comments Provide Fuel for Stocks

Although there was weakness in the STI today at closing, the European and US markets have rallied strongly after comments from Bernanke. “U.S. stocks advanced, sending the Standard & Poor’s 500 Index to the highest level since May 2008, after Federal Reserve Chairman Ben S. Bernanke said accommodative monetary policy is still needed to spur […]

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Endowment Bias – Do You Really “Own” a Trading Position?

People who exhibit endowment bias value an asset more when they own it, as compared to when they don’t. This is inconsistent with standard economic theory, which asserts that a person’s willingness to pay for a good should always equal the person’s willingness to accept disposition of the good.     In essence, this bias […]

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Long-term refinancing operations (LTROs) – Long-term time bombs?

Long-term refinancing operations (LTROs) involve the central bank lending money at a very low interest rates to eurozone banks, which has led to the term “free money.” The injection of this cheap money means that banks can use it to buy higher-yielding assets and make profits, or to lend more money to businesses and consumers […]

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Weekly Market Updates | 19/02/12 | Singapore Shares, Forex, Global Stock Indices

Global Market Highlights China Cuts Bank Reserve Ratios Greece Identifies $427M in Budget Cuts Higher Prices Pinch Shoppers, Constrain Fed’s Options Obama Urges Congress to Reward Technology Companies That Keep Jobs in U.S. Germany drawing up plans for Greece to leave the euro Dow nears psychological milestone: 13,000 S&P 500 nears 3-year high amid Greece […]

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