Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
S&P Stock Market Trend Forecast to Dec 2024 - 16th Apr 24
No Deposit Bonuses: Boost Your Finances - 16th Apr 24
Global Warming ClImate Change Mega Death Trend - 8th Apr 24
Gold Is Rallying Again, But Silver Could Get REALLY Interesting - 8th Apr 24
Media Elite Belittle Inflation Struggles of Ordinary Americans - 8th Apr 24
Profit from the Roaring AI 2020's Tech Stocks Economic Boom - 8th Apr 24
Stock Market Election Year Five Nights at Freddy's - 7th Apr 24
It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- 7th Apr 24
AI Revolution and NVDA: Why Tough Going May Be Ahead - 7th Apr 24
Hidden cost of US homeownership just saw its biggest spike in 5 years - 7th Apr 24
What Happens To Gold Price If The Fed Doesn’t Cut Rates? - 7th Apr 24
The Fed is becoming increasingly divided on interest rates - 7th Apr 24
The Evils of Paper Money Have no End - 7th Apr 24
Stock Market Presidential Election Cycle Seasonal Trend Analysis - 3rd Apr 24
Stock Market Presidential Election Cycle Seasonal Trend - 2nd Apr 24
Dow Stock Market Annual Percent Change Analysis 2024 - 2nd Apr 24
Bitcoin S&P Pattern - 31st Mar 24
S&P Stock Market Correlating Seasonal Swings - 31st Mar 24
S&P SEASONAL ANALYSIS - 31st Mar 24
Here's a Dirty Little Secret: Federal Reserve Monetary Policy Is Still Loose - 31st Mar 24
Tandem Chairman Paul Pester on Fintech, AI, and the Future of Banking in the UK - 31st Mar 24
Stock Market Volatility (VIX) - 25th Mar 24
Stock Market Investor Sentiment - 25th Mar 24
The Federal Reserve Didn't Do Anything But It Had Plenty to Say - 25th Mar 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Stock Markets Santa Rally Fails to Materialise

Stock-Markets / Global Stock Markets Dec 24, 2008 - 12:33 PM GMT

By: PaddyPowerTrader

Stock-Markets Best Financial Markets Analysis ArticleStocks obviously don't know it's Christmas time. They finished with their fifth straight day's loss as the Dow shed 1.2% in extremely skinny volume. The banks & GM led the way down again.


Today's Market Moving Stories

  • To be filed under “tell us something we didn't already know”: U.S. consumers are falling deeper into debt according to Equifax.
  • Japanese manufacturing confidence has slumped by the most on record .
  • And HOUSING is still getting HOSED. In the latest instalment in of diabolical economic news from the U.S., we learn that home prices are falling at near a Depression-era pace . Recall that this is where we came in; housing is at the very root of all our woes. So if 16 or so months into this debacle we haven't reached a bottom it looks like 2009 could be real rough, Bruce.
  • Back from their holidays and the Tokyo market dropped 2.6% in a delayed reaction to the bad news from Toyota and profit warnings from Bridgestone and Hyundai.
  • Another big-name company feeling the chill and being forced to economize is Google .
  • While you are watching reruns of Brewster's millions over Xmas, think of Paulsen's billions and where that may have gone. But ssssh, it's a big secret .
  • Wanna buy a car? There are plenty about.
  • More hedge fund hell as another fund puts limits on withdrawals.
  • The infamous Henry Blodget has some food for thought on tech stocks .

Data For Trainspotters Today
If anyone cares there is some data due from across the pond today, although U.S. markets do actually close early at 6pm London time. Weekly mortgage applications are at noon; durable-goods orders, weekly jobless claims and personal income/spending at 13.30; and at 15.35 there are the weekly crude and natural-gas inventories.

And Finally
One last-minute bailout, for the day that's in it. Take a look, it's well worth the laugh.

And also

I'll be back with MarketWatch in the new year. However others will be blogging on paddypowertrader over the holidays.

So, until then, Beannachtaí an tSéasúir agus Nollaig Shona Daoibh

Disclosures = None

By The Mole
PaddyPowerTrader.com

The Mole is a man in the know. I don’t trade for a living, but instead work for a well-known Irish institution, heading a desk that regularly trades over €100 million a day. I aim to provide top quality, up-to-date and relevant market news and data, so that traders can make more informed decisions”.

© 2008 Copyright PaddyPowerTrader - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

PaddyPowerTrader Archive

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in