Tag Archives: Fast
‘Fast Money’ Recap: Getting Defensive
NEW YORK (TheStreet) — The markets sank Thursday as the eurozone rescue effort stumbled.
The Dow Jones Industrial Average fell 198.67, or 1.63%, to 11,997.70. The S&P 500 dropped 26.66, or 2.11%, to 1234.35. The Nasdaq was also down 52.83, or 1.99%, to 2596.38.
Joe Terranova said on CNBC’s “Fast Money” TV show that it was “a lousy” market day in which he lost money and pared down his exposure to equities, especially in the energy space. After saying on Wednesday that he expected the S&P to push above its 200-day moving average, he said he was going to remain defensive for the rest of the year.
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Emerging market ETFs: A steadier strategy, fast growth
Coming out of the 2008 financial meltdown, emerging markets were a rare bright spot: Places like Brazil, China, and India delivered fast economic growth and double-digit stock gains. But the price you pay for venturing into exotic markets is the risk of sudden, sharp losses.
Personal finance advice, ideas – Money Magazine
‘Fast Money’ Recap: Supercommittee Trade
NEW YORK (TheStreet) — The markets sank again Thursday as eurozone worries widened to Spain and France.
The Dow Jones Industrial Average fell 134.86, or 1.13%, to 11,770.73. The S&P 500 dropped 20.78, or 1.68%, to 1216.13. The Nasdaq lost 51.62, or 1.96%, to 2587.99.
Joe Terranova said on CNBC’s “Fast Money” TV show, that there was no place to hide in in a market that was without a catalyst. He doubted whether there would an end-of-the year chase for performance. He said the situation could turn around if there is a surprise from the congressional supercommittee.
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401(k) Tax Changes May Be On Fast Track
WASHINGTON D.C. (TheStreet) — In the coming weeks, Americans could face sweeping changes to the tax deferral status and funding strategies of their retirement plans.
The Senate Finance Committee last week held a hearing (a webcast and testimony can be found here) to discuss proposals for strengthening the nation’s retirement system as well as dealing with the reality that these plans are a ripe target for deficit reduction plans.
A rethinking the tax structure of 401(k) and IRA plans could be included in Congress’ deficit reduction proposals due in December.
As officials in Washington grapple with debt reduction and the need for increased revenue, rethinking the tax structure of 401(k) and IRA plans has come under consideration and could be included in deficit reduction proposals due in December.
