A value of over 17 thousand and Wall Street is pouting. What a shame. What is "W"rong, no adrenaline today?
January 14, 2015
By Adam Shell
...The Dow Jones industrial (click here) average was down about 180 points, or 1% in morning trading. The Standard & Poor's 500 fell 0.8% and the Nasdaq composite index dropped 0.5%.
It's been a volatile start to the year for the Dow. Tuesday, it suffered a point swing of nearly 425 points. It was up as much as 282 points before heading south and tumbling as much as 143 points. It closed down 27 points at 17,614, leaving it down 1.2% for the year and 2.4% below its Dec. 26 peak....
Wall Street can take a lesson from the Small Business Economy. This is the OPTIMISM Survey.
January 13, 2015
By Doug Short
The latest issue of the NFIB Small Business Economic Trends is out today. (click here) The January update for December came in at 100.4, up/down 2.3 points from the previous month. The index is now at the 63.2 percentile in this series and at a new post-recession high, its highest level since October 2006.
The Investing.com forecast was for 97.9.
Here is the opening summary of the news release.
Small Business economies don't have the luxury of large residuals as a buffer to market adjustments. Small Business economies work hard for their very existence. They have work ethics Wall Street can only dream about. Small Businesses found far less contraction with the Great Recession. They recovered far more quickly, albeit with some hardship. And they are growing. Small Business economies are the backbone of the USA. They are strong and resistant because of their work ethic and the knowledge they have about their consumers. We are doing just fine.
January 14, 2015
By Adam Shell
...The Dow Jones industrial (click here) average was down about 180 points, or 1% in morning trading. The Standard & Poor's 500 fell 0.8% and the Nasdaq composite index dropped 0.5%.
It's been a volatile start to the year for the Dow. Tuesday, it suffered a point swing of nearly 425 points. It was up as much as 282 points before heading south and tumbling as much as 143 points. It closed down 27 points at 17,614, leaving it down 1.2% for the year and 2.4% below its Dec. 26 peak....
Wall Street can take a lesson from the Small Business Economy. This is the OPTIMISM Survey.
January 13, 2015
By Doug Short
The latest issue of the NFIB Small Business Economic Trends is out today. (click here) The January update for December came in at 100.4, up/down 2.3 points from the previous month. The index is now at the 63.2 percentile in this series and at a new post-recession high, its highest level since October 2006.
The Investing.com forecast was for 97.9.
Here is the opening summary of the news release.
The NFIB Small Business Optimism Survey rose 2.3 points to 100.4 in December, its highest level since October of 2006, with positive gains in eight of 10 indices, a strong signal that American small businesses could be finally shaking off the effects of the Great Recession.The first chart below highlights the 1986 baseline level of 100 and includes some labels to help us visualize that dramatic change in small-business sentiment that accompanied the Great Financial Crisis. Compare, for example the relative resilience of the index during the 2000-2003 collapse of the Tech Bubble with the far weaker readings of the past four years. The NBER declared June 2009 as the official end of the last recession.
Small Business economies don't have the luxury of large residuals as a buffer to market adjustments. Small Business economies work hard for their very existence. They have work ethics Wall Street can only dream about. Small Businesses found far less contraction with the Great Recession. They recovered far more quickly, albeit with some hardship. And they are growing. Small Business economies are the backbone of the USA. They are strong and resistant because of their work ethic and the knowledge they have about their consumers. We are doing just fine.
