From the FDIC.
#42
Beach First National Bank, Myrtle Beach, South Carolina, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Bank of North Carolina, Thomasville, North Carolina, to assume [...]

Every time this market looks like it is about to roll-over, we get a nice burst of buying and things become all better.  Here is a quick recap of the current market environment from IBD.
The indexes opened lower in mixed volume, sliding nearly 1% in the first 15 minutes of trade. Continued worries over Greece’s [...]

I do not comment on the treasury market much on this blog.  Over the past few days, this market has caught my eye.  I am going to show the 12 month charts of the yields on the long end of the curve.

The 10 year note yield is bumping up against the psychological 4.00% level.  [...]

A great day in the market.  I saw nice breakouts in many leading stocks.  Some of the bears will talk about how light the volume was today.  When I see leading stocks and indices breakout, that is very positive action.  The major indices closed at 52 week highs as well.  Let’s look at the Russell [...]

Over the past couple of days, the market has not been able to hold on to gains made in the early part of the trading session.  Thursday continued this weak behavior.  Stocks moved up early in the session only to finish flat or negative for the day.  Here is some guidance from IBD.
But the important [...]