5 Things You Need to Know Before the Stock Market Opens
BOSTON (TheStreet) -- Greek debt talks, which are reportedly turning constructive again, lead your quick fix of company, market, economic and investing news for Thursday, Jan. 26
Thursday's 5 Biggest Stories
Private creditors are reportedly set to accept a lower coupon on
Greek debt
in order to get a deal done. I'm
sure
this is now the end of the talks.
WSJ
If the
Federal Reserve
was aiming to kill the dollar with the decision to project that interest rates will stay low through 2014, well, mission accomplished.
It looks like the
Fed
has its finger on the trigger for more bond buys. The QE3 is about to set sail, folks.
Today In Good News:
Italy auctioned more debt
with enough demand to drive borrowing costs down sharply.
Today In Bad News: All of that ECB cash that European banks are hoarding could force
company default rates to double
.
Quote of the Day
""I'm confident he'll be president. But I'm also confident he's going to have the privilege of having another secretary of the Treasury," Treasury Secretary
Tim Geithner
said of his chances to remain in the position if President Obama is re-elected to another term.
Company News
Netflix
(NFLX) - Get Report
is growing once again, even if earnings aren't.
WSJ
Nokia's
(NOK) - Get Report
latest earnings release isn't pretty as the handset maker posts a bigger-than-expected loss.
With earnings out of the way, it's time to ramp up the
Apple
(AAPL) - Get Report
speculation machine again. This time, it's iPhone 5 rumors.
Markets
Corporate earnings
are finally catching up to the reality of the economy.
How the
Federal Reserve
is killing savers in the U.S.
Investment Strategy
After yesterday's Fed announcement, everyone is telling you to
buy gold
. Well, except this guy.
Investors are probably
overpaying for safety
.
Odds and Ends
James Gorman really has no use for crybabies at
Morgan Stanley
(MS) - Get Report
who are whining over bonuses.
It's Thursday. I realize I've been giving you music videos of too many indie rock bands lately, so here's a
Judas Priest
song to get you pumped for the trading session.
-- Written by Robert Holmes in Boston
.
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Robert Holmes
.
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