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Jobless Claims: U.S. Continuing Claims for week of March 21 increased by 161K to 5,728,000; U.S. Jobless Claims for week of March 28 increased by 12K to 669K compared to survey of an increase by 3K; U.S. Jobless Claims for March 21 Revised to 657K from 652K; U.S. Jobless Claims Highest since October 1982; U.S. Continuing Claims Highest on Record. Factory Orders: U.S. Factory Orders rose 1.8% in February as compared to consensus of an increase by 1.9%; U.S. February Factory Orders, Excluding Transportation rose 1.6%; U.S. February Factory Orders, Excluding Defense rose 0.9%; U.S. February Durable Goods Revised to an increase by 3.5% from an increase by 3.4%; U.S. January Factory Orders Revised to a drop by 3.5% from a drop by 1.9%. At the NYSE... Read more »

Fear and emotion are the rule every day in the global financial markets. We have seen shock and awe financial bailout plans, the overnight consolidation of many troubled financial services giants, and a liquidity crisis that impacts markets across the globe. In Germany, the collapse of the rescue plan for Hypo Real Estate may mean a disaster in that country similar to the recent bankruptcy of Lehman Brothers in the United States. Also, consider that in the Netherlands, Ireland, and Greece, bank rescue has become the order of the day while Iceland is in the middle of an economic meltdown. Recently, South Korea urged banks to sell foreign assets to raise dollars and promised to use its currency reserves to shield lenders from the financial crisis... Read more »