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July 5th, 2010

What are Conduit IRA Plans?

(Money Manager) - Conduit IRA plans are sometimes referred to as a Rollover IRA. These plans are designed to temporarily house fund distributions from other qualified retirement plans. They can be used as a temporary solution when a person leaves a company as a means of storing the money accumulated in that company's retirement plan.

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March 31st, 2010

The Markets

(Michael Schwartz) - The stock market seems to be climbing the proverbial "wall of worry." Despite potential road hazards such as sovereign debt issues, rising interest rates, a weak job market, and a stalled housing recovery, investors bid up stock prices last week to an 18-month high, according to MarketWatch. Of course, these things could eventually affect stock prices, but, for now, stocks are riding the momentum of improving earnings and some underlying stability in the economy.

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October 2nd, 2009

Unemployment to Send Stocks Lower

(Lee Siler) - A deeper than expected jobless number has stocks reeling for the second day in a row. After suffering the worst one-day performance in months, the major averages are indicating a significantly lower opening. In September U.S. employers cut a worse than expected 263,000 jobs which took the unemployment rate from 9.7% to 9.8%. Analysts expected non-farm payrolls to drop 180,000 in September; this is a far cry from the actual number.

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September 28th, 2009

Stocks Try to Rebound

(Lee Siler) - Stocks are looking to trade higher after a week that saw the major averages lose about 2.5%. Housing and manufacturing data pushed stocks lower last week even though we did see some decent jobs numbers.

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September 17th, 2009

Jobless Recovery???

(Lee Siler) - Stocks rallied big yesterday, as Wall Street is still buzzing about Fed Chairman Ben Bernanke's comments. The Fed chief announced that this recession is "likely" over. Recent economic data has suggested that the economy is stabilizing, but the question is how much growth we can expect in the short-term? The good news is at least the economy should not contract any further.

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September 10th, 2009

Economy Coming Out of Worst Recession Since 1930s

(Lee Siler) - A better than expected jobs report, has stock futures trading slightly higher on the open. Also helping matters, the continued weak dollar is pushing energy and mining stocks to the upside, which are boosting the major averages.

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September 4th, 2009

Jobless Rate Jumps to 9.7%

(Lee Siler) - Yesterday, the market broke a four-day losing streak, as Wall Street was waiting for this morning's jobs report. Despite much speculation, the Labor Department reported that unemployment rose to 9.7% compared to an estimate of 9.5%. However, the news wasn't all bad, as U.S. employers cut a fewer-than-expected 216,000 jobs. The hike in the unemployment rate came from revisions the Labor Department did for June and July.

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August 10th, 2009

Stocks Rise for the 4th Straight Week

(Lee Siler) - A surprisingly strong jobs report helped stocks jump more than 1% on Friday and more than 2% on the week. The unemployment rate unexpectedly dropped from 9.5% to 9.4% for the month of July. This news was clearly welcomed by investors, as well as President Obama, who said, "The worst may be behind us." Jobs were the one element in this bottoming process we hadn't seen until now.

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July 6th, 2009

Stocks Poised to Drop Again

(Lee Siler) - A dismal jobs report on Thursday sent the market plunging before the 4th of July holiday weekend. The U.S. lost 467,000 jobs in June. That was more than expected and took the overall unemployment rate to 9.5%, the highest since 1983. Stocks dropped more than 2.5% across the board. At the same time the price of crude also tanked by more than 4%. A drop in crude prices should be conducive to an economic recovery, but it may also be a sign that the economy is still not on solid ground.

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June 3rd, 2009

Dow Continues to Struggle

(Lee Siler) - The market treaded water yesterday, but is selling off this morning. The ADP National Employment Report, which is a number that has been monitored lately, showed a decrease in jobs by 532,000. This was slightly less than expected, but still very negative none-the-less. Investors will be looking for the Labor Department's report on Friday, which will be crucial to the sentiment of the economy.

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