This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Quick Take: Japan's Plan Gets Thumbs Down

Stocks in this article: CRMETAAPLAMZN

NEW YORK ( TheStreet) -- TheStreet's Debra Borchardt discussed some of the big news and events announced Wednesday and their effect on the stock market.

The market has clearly decided that the economic stimulus plan proposed by Japan's Prime Minister Shinzo Abe was not what investors wanted. As a result, this will likely add to the extreme volatility that we've seen in the Nikkei over the past several weeks, she said.

Combine that with comments from Dallas Fed President Richard Fisher and Sarah Bloom Raskin, a member of the Fed's Board of Governors, who believe the Federal Reserve should begin to pare back some its own economic stimulus and it will easily explain the early selloff this morning.

This has again renewed fears among investors that at some point Federal Chairman Ben Bernanke will announce the tapering of quantitative easing, Borchardt said.

The selling seen in Salesforce.com (CRM) has appeared to slow, as investors mull the company's recent acquistion of ExactTarget (ET).

An upgrade from Goldman Sachs is likely helping, but the waves of insider selling and the change in the company's accounting scheme will likely keep many investors worried.

It was also announced this morning that Apple (AAPL) will soon be banned from selling the iPad 2 and iPhone 4 in the U.S. The International Trade Commission ruled in favor of Samsung, citing a patent infringement was committed by Apple.

It would also appear that Amazon (AMZN) is trying to launch a major rollout of its online grocery segment, although the company has remained relatively mum on the project, Borchardt said. The online retailer has been quietly working on the project for six years now.

-- Written by Bret Kenwell in Petoskey, Mich.

Bret Kenwell currently writes, blogs and also contributes to Rocco Pendola's Weekly Options Newsletter. Focuses on short- to intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,827.75 +12.81 0.07%
S&P 500 2,072.83 +5.80 0.28%
NASDAQ 4,787.3170 +29.0650 0.61%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs