Category: Financial Markets 2009
The analysis published under this category are as follows.Wednesday, July 08, 2009
Summer Stock Market and Crude Oil Trend Correction Updates / News_Letter / Financial Markets 2009
The analysis of April 26th concluded that the Dow is targeting a high of 8,750 by mid May 2009 which was expected to be followed by a significant correction of 14% towards a Dow target of 7,500. The Dow hit the target on 2nd of June which was confirmed in the quick update at the time, and therefore expectations were for the significant correction to materialise.
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Tuesday, July 07, 2009
Stock Market Bounces as it Closes / Stock-Markets / Financial Markets 2009
After a rocky start following on from equity weakness in Asia and Europe, US stocks ground higher following a better than expected read on the ISM’s June non-manufacturing (services) index of activity. What strikes me as curious is that commodities and equities are telling two different stories with notable weakness in crude, oil, gold and copper prices yesterday pressuring producers, refining and mining stocks as the re-flation trade gets pricked and traders realise how much the prices of these stocks got ahead of themselves. After the bell last night Discover Financial Services (a credit card company) announced a $500m rights issue. This may pressure the market at the off today.
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Monday, July 06, 2009
Stocks Start Soft As Earnings Season Beckons / Stock-Markets / Financial Markets 2009
Last week was an abrupt reminder to those who oversubscribe to the wishful thinking of the green shoots theory. Another 467k people lost their jobs taking unemployment to a 26 year high. It’s now a three week slump for the Dow Jones as it finished last week off 1.6%. The German DAX also slid 1.6%, but the headline UK index, the FTSE 100, managed to eke out a 0.1% gain.
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Sunday, July 05, 2009
Honest Money Gold & Silver Report- Markets Wrap 5th July 09 / Stock-Markets / Financial Markets 2009
Gold - Gold was down about 1% last week. In last week’s report I wrote:
Both MACD and STO have turned down and made negative crossovers, (on the weekly chart) which suggest lower prices are likely. This could be the head fake I have been concerned about. Prices could fall yet again and as long as the $850 level holds, the head & shoulders would still obtain, while shaking out a lot of players.
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Sunday, July 05, 2009
Financial Markets Outlook for the Next Two Weeks / Stock-Markets / Financial Markets 2009
Here's our market call...
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Sunday, July 05, 2009
Stock Market Investors Roller Coaster Ride Hit by Bad U.S. Jobs Data / Stock-Markets / Financial Markets 2009
“Words from the Wise” this week again comes to you in a shortened format as I am still on the road in Europe (also see my post “Gone A.W.O.L. - to Slovenia and Switzerland“) and do not have access to my normal research resources. Although only brief commentary is provided, a full dose of excerpts from interesting news items and quotes from market commentators is included.
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Friday, July 03, 2009
Economic Recovery Green Shoots Doused with Herbicide / Stock-Markets / Financial Markets 2009
Well, that green shoots guff got one on the chin yesterday and stocks got mauled by the bears. The S&P 500 dived 2.85% and oil closed off 3.75% as a sobering Non Farm Payrolls slumped 467k, about 100k more than the wide eyed consensus expectation. Lookout below! The U.S. unemployment rate (red) Versus the S&P 500 monthly chart since 1993. Mmmmmm. Also worthy of a mention is that as those green shoots wither, oil has taken out trendline support and now targets the recent low at 66.25 and the 3rd of June low at 64.95.
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Friday, July 03, 2009
U.S. Unemployment Soars Whilst Fed Funnels More Cash to the Banksters / Stock-Markets / Financial Markets 2009
Employment situation takes a turn for the worse
Nonfarm payroll employment continued to decline in June (-467,000), and the unemployment rate was little changed at 9.5 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Job losses were widespread across the major industry sectors, with large declines occurring in manufacturing, professional and business services, and construction.
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Thursday, July 02, 2009
Stock Markets Jump Out Of The Gate Before Fading / Stock-Markets / Financial Markets 2009
Despite the weakish US mortgage applications, ADP jobs and ISM numbers, it looks like your friendly fund manager is front running the perma-bull, expected 2nd half recovery green shoots story. He also went pilling into stocks at the off yesterday running the Dow up 133 points. Food stocks were the big winners with Kraft up 5% and General Mills raising its 2010 guidance. However stocks failed to maintain their upward momentum and pared their gains in low volume trading, following decidedly downbeat comments from GM (government motors) about creditor payments, weakness in financials and disappointing auto sales. Add to this too, the Governator I.O.U of California declaring a state of “fiscal emergency” put the pressure on.
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Wednesday, July 01, 2009
Rising Financial Markets See Brighter Times / Stock-Markets / Financial Markets 2009
It’s been a wild ride this past year, but the markets are now on the upswing. Following a rough year where most of the markets dropped sharply, then stayed dull for a while, they’re finally headed higher. Most important, these are significant rises.
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Wednesday, July 01, 2009
Financial Markets Bi Annual Review / Stock-Markets / Financial Markets 2009
With the end of the second quarter it is important to take stock and review how various assets have performed so far in 2009.
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Wednesday, July 01, 2009
Stock Market Ends Second Quarter With a Whimper / Stock-Markets / Financial Markets 2009
The unexpected fall in US consumer confidence and a Fannie Mae report showing a rise in mortgage delinquencies startled still-sleepy markets yesterday. The Conference Board’s measure fell by nearly six points in June to 49.3, as both the current conditions and expectations indices fell. That spooked equities, with the Dow Jones going from up about 20 points to down 85 points in short order. The entrails of the confidence report were not encouraging.
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Tuesday, June 30, 2009
Stock Markets To Finish The Quarter With Huge Percentage Gains / Stock-Markets / Financial Markets 2009
The September British Pound surged to the upside overnight despite news that the U.K. economy shrank more than previously forecast. The U.K. Gross Domestic Product report showed that during the first quarter the economy suffered its biggest contraction since 1958. Weakness was seen across the board in the economy as everything from construction to services showed some sort of weakness.
Monday, June 29, 2009
Important Week Ahead For Economic Data / Stock-Markets / Financial Markets 2009
Equity markets finished down again last week with the Dow Jones off 1.2% and the FTSE 100 down 2.2%. World indices had been on the back foot from the very start of the week due to a bearish World Bank report where they downgraded their forecasts for global economic prospects. Wednesday’s US Federal Reserve interest rate decision caused little movement as they left the target rate at between 0 and 0.25% as expected. It was a high volume week with the economic data a shade better than expected on average.
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Sunday, June 28, 2009
Manipulated Financial Markets and Mainstream Media / News_Letter / Financial Markets 2009
The Market Oracle Newsletter
June 27th, 2009 Issue #49 Vol. 3
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Sunday, June 28, 2009
Honest Money Gold & Silver Report - Market Wrap W/E 26th July / Stock-Markets / Financial Markets 2009
The Economy - Some pretty good economic reports came out this week, at least on the face of it. The talking heads and spin masters were busy plying their trade. The art of deception lives on – unfortunately. Let’s dive beneath the surface(s).
First quarter GDP was revised up to an annualized 5.5 percent contraction. This is an improvement on the fourth quarters decline.
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Sunday, June 28, 2009
SHEPHERD’S of Financial Markets ILLUSION / Stock-Markets / Financial Markets 2009
Sadly, history will continue to show that those in positions of great power, elected by various means as prudential stewards of peoples and their economies, continue to prove themselves nothing more than shepherd’s of illusion.
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Sunday, June 28, 2009
Global Business Sentiment Improves Inline with Stock Market Trends / Stock-Markets / Financial Markets 2009
While investors’ hopes of an economic recovery might have got ahead of reality, the cartoonists continually reminded us of worrisome issues …
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Saturday, June 27, 2009
Has the Stock Market Peaked for 2009? / Stock-Markets / Financial Markets 2009
Unemployment claims unexpectedly rise... First-time claims for state unemployment benefits rose unexpectedly in the latest week, the Labor Department reported Thursday. The number of initial claims in the week ending June 20 rose 15,000 to 627,000. It's the highest level since mid-May. A Labor Department official said that some states reported more end-of-school-year claims. Many states allow bus drivers and cafeteria workers to file for unemployment during school breaks.
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Friday, June 26, 2009
This Financial Markets Week: Hedge Me This Batman / Stock-Markets / Financial Markets 2009
Note: In celebration of my latest book coming this August, I have re-christened this newsletter "Always a Winner Strategies." The book is the culmination of almost a decade of research examining how the business cycle strongly affects both the bottom line of companies in the performance of portfolios.Read full article... Read full article...