Good Greece. Bad Iran.
Good Greece. Bad Iran. Weekly Update – February 20, 2012 Despite a turbulent week filled with mixed news from Europe and rising Middle East tensions, stocks closed higher on hopes that Chinese assistance would mean a bailout plan for Greece. The S&P 500 closed at 1361.23, a level not seen in nearly a year, having gained 8.2% so far in 2012. Other major indexes also rose for the week, the Dow advancing 1.2% and the Nasdaq climbing 1.7%. In not-so-great news, crude oil prices rose for a third straight day on U.S. markets Friday, topping $103 a barrel, sparked by increased saber rattling...
read moreREIT Investment Webinar
You are invited to join Steadfast Capital Markets Group to discuss how a REIT investment focused on multifamily housing may complement a diversified investment strategy. Topics to be discussed: A comprehensive overview of Steadfast Income REIT, Inc. including: Offering highlights Overview of multifamily real estate dynamics Introduction to Steadfast Companies Question and answer Webinar/Conference call details: Day: Thursday Date: March 22nd Time: 12:00 PM – 1:00 PM or Day: Friday Date: March 23rd Time: 12:00 PM – 1:00...
read moreWhat goes up…
What goes up… Weekly Update – February 13, 2012 As the old expression goes; what goes up must come down. During the final minutes of trading, the Dow Jones Industrial Average trimmed its gains, falling 89.23 points, or 0.7%, locking in a weekly loss of 0.5%. For the day, only one of the Dow’s 30 components rose. The broad-based S&P 500 fared similarly, retreating 9.31 points, or 0.7%, for a loss of 0.2% for the week, while the tech heavy Nasdaq declined 23.35 points, or 0.8%, ending the week down 0.1%.[i] In an action reminiscent of 2011, worries about stalling efforts to keep...
read moreSlowly But Surely – Economic Recovery
Slowly but Surely Weekly Update – February 6, 2012 As investors increasingly put aside fears of economic calamity and focused again on fundamentals, the Dow Jones Industrial Average broke through to its highest close since May 2008, back before the Lehman Brothers collapse and ensuing economic meltdown. The combination of strong job growth, a three-year low in unemployment, and other positive developments, propelled the Dow ahead 156.82 points, or 1.23%, on Friday. At this point, the blue-chip index would have to rise just 10% to reach its record close of 14164.53, hit Oct. 9, 2007.[i] The...
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