The Zweig Total Return Fund, Inc Declares Distribution
Consumer spending rose just 0.2 percent in December, after increasing 0.7 percent in November. It was the third straight increase in as many months but significantly smaller than the increases in October and November.
sell Retail HOLDRS (RTH)
One of the more controversial financial regulation proposals out there would be a tax on securities trading. The intent with such a tax would be to curb speculative trading and provide Uncle Sam with more revenue. But according to a Bloomberg article from yesterday, such a tax could drastically harm liquidity. It could kill up to 90% of trading volume. If that’s true, then this tax would clearly do more harm than good.
sell SPDR-Financial (XLF)
interesting to see how this plays out in US
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Asian stocks slide on tech, euro zone fiscal woes | Reuters
Asia Shares Slide on Resources, Euro Zone Woes – ABC News
RPT-GLOBAL MARKETS-Asian stocks slide on tech, Greece’s woes – CNBC
The Thinking Nationalist: Ben Bernanke – Reappointed Without …
Feb. 2 (Bloomberg) — China’s government, seeking to stem property speculation, told banks to raise interest rates on third mortgages and demand bigger down payments for such loans, a person with knowledge of the matter said.