The stock market is heading higher today, as part of a wider global equity rally. Earlier, James Bullard, the president of the St. Louis Federal Reserve, and a member of the Fed board, mentioned that he thought that the economic stimulus measure of buying mortgage-backed securities should continue into next year — moving beyond the first quarter.
As one might imagine, investors latched onto this news and took it as a cue to sell the dollar. After seeing gains for the dollar last week, Bullard’s remarks prompted a round of profit taking. Additionally, the comments also helped stocks. Confident that the …read more

The Federal Reserve should be announcing its interest rate decision later today, and stocks are heading higher on the assumption that the Fed is likely to keep interest rates near 0%, as well as the expectation that the Fed will keep stimulus help coming in. Indeed, what Ben Bernanke says about economic policy going forward is more likely to influence the stock market than just about anything else today, and expectations that he will play up the fact that we’re only at the beginning of the recovery, and that there will be a continued need for economic stimulus for some …read more

Can you believe it? Google is now capitalized and valued at more than half the value of Microsoft. On the one hand I can believe that the potential for Google to continue making serious cash is huge. If you ever doubt it, just think about what Google really makes money from, advertising. Okay, got that image in your head? Now think back to the movie “Minority Report” with Tom Cruise, remember all the advertising? It was everywhere. That folks is what the future of Google could end up becoming.
Right now Google’s just got internet advertising and starting to expand into …read more