Category: Financial Markets 2009
The analysis published under this category are as follows.
Monday, July 20, 2009
Financial Market Recoils as CIT Bank Edges Toward Bankruptcy / Stock-Markets / Financial Markets 2009
By: Money_Morning
Jason Simpkins writes: The probably bankruptcy of CIT Group Inc. (NYSE: CIT) could have major implications on the retail and manufacturing sectors this week, as many related companies are reliant on the financing giant.
Monday, July 20, 2009
Stock Markets Grind Higher on More Upside “Surprises” / Stock-Markets / Financial Markets 2009
By: PaddyPowerTrader
It was a busy week for the bulls, who where urged on by almost obscene results from Goldman Sach’s. There was also what were perceived as respectable numbers from JP Morgan, BoA & Citi. Risk appetite returned last week, lifting stocks by 7% to their highest point in a month.
Monday, July 20, 2009
Significant Turning Points in Key Financial Markets / Stock-Markets / Financial Markets 2009
By: Money_and_Markets
Larry Edelson writes: Martin’s strategic alliance with the Foundation for the Study of Cycles may turn out to be one of the best moves he’s ever made.
Sunday, July 19, 2009
Investment Banks and Market Manipulation / Stock-Markets / Financial Markets 2009
By: NewsLetter
The Market Oracle Newsletter
July 18th, 2009 Issue #58 Vol. 3
Sunday, July 19, 2009
Goldman Sachs Raking in Massive Profits, Market Review / Stock-Markets / Financial Markets 2009
By: Global_Research
Due to the fact that Goldman Sachs is currently the favorite of Washington they are raking in massive profits during a time when most banks and brokerage firms are struggling for survival.
Due to a very successful second quarter, Goldman has set aside $226,156 per employee in compensation – a 75% increase per employee. That means annualized compensation could be $1 million per employee for the year. We find this of great interest inasmuch as the recently converted bank received a $10 billion taxpayer bailout via Goldman’s connections in Washington. They also received a myriad of benefits from several other government schemes over the past two years. It is nice to know that in part American taxpayers made this possible while unemployment is running on a U6 basis at 20.5%, and Americans are losing their homes by the millions.
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Saturday, July 18, 2009
Stock Markets Take a Break from the Decline / Stock-Markets / Financial Markets 2009
By: Anthony_Cherniawski
A long wait forecast for full employment to return. - The U.S. won’t see a return to “full” employment for another six years, helping to hold down inflation, according to former Federal Reserve Governor Laurence Meyer. “I think there’s going to be a long legacy of the financial crisis and the deep recession,” Meyer said in an interview today on Bloomberg Radio. Meyer served at the Fed from 1996 to 2002. He now is vice chairman of St. Louis-based Macroeconomic Advisers LLC.
Friday, July 17, 2009
Dr Doom Roubini and Meredith Whitney, When Celebrity Economists Move Stock Markets / Stock-Markets / Financial Markets 2009
By: PaddyPowerTrader
In the era of celebrity economists and analysts real news of good earnings numbers from Google and the big blue IBM yesterday were swamped by the big “story” and controversy over what the fifth man of the economic apocalypse did or didn’t say. At first I thought, whats the world coming to? On Monday, the Queen of darkness, Meredith Whitney gets bulled up on banks & now Dr Doom Prof Nouriel Roubini says the recession could be over by the end of this year propelling stocks higher.
Thursday, July 16, 2009
Stocks Sky Rocket as Bears Scramble to Cover Shorts / Stock-Markets / Financial Markets 2009
By: PaddyPowerTrader
Stocks soared at the off and stayed bid all day, as shorts were hastily covered in the wake of Intel’s upside surprise (while choosing to ignore disappointments from Yum brands, JB Hunt and Dell). With risk appetite back, model-based accounts reportedly hungrily added to risk positive positions across the board – oil / gas/ gold / Baltic Dry Freight index are all up (the latter by a healthy 7.3%- it’s biggest gain since 2nd June). The index of fear, the VIX, made news lows for this cycle at 23.8 points.
Wednesday, July 15, 2009
Investor Risk Appetite Is Back But Look Beyond the Gloss / Stock-Markets / Financial Markets 2009
By: PaddyPowerTrader
Having run ahead of itself Monday the markets gave a muted response to Goldman Sach’s monster numbers yesterday, but the 28 point upmove in the Dow was enough to put it back into the black for the year for the first time since July 1st. After flip flopping for much of the day equities were given a fillip late on from a report from BoA / Merril Lynch’s Michael Hartnett who believes the recession ended in Q2 2009.
Tuesday, July 14, 2009
Daily Futures Markets Commentary / Stock-Markets / Financial Markets 2009
By: BrewerFuturesGroup
September British Pound - September British Pounds are called lower this morning based on the weak overnight trade. Trading can be described as defensive as investors are becoming more risk averse during this time period when U.K. stocks are weakening and the economic picture remains bleak. The sell-off overnight highlights the fact that traders are becoming more sensitive to the weakening equity markets and more attracted to safe-haven currencies like the Yen and the U.S. Dollar.
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Tuesday, July 14, 2009
The Financial Crisis, Gold and Fiat Currencies / Stock-Markets / Financial Markets 2009
By: NewsLetter
The Market Oracle Newsletter
July 12th, 2009 Issue #57 Vol. 3
Dear Reader,
Firstly a quick update to Saturdays newsletter - Top 10 Free Elliott Wave Theory Resources Special. To immediately access ANY of the resources listed once registered with EWI (including existing members), on the destination page click the link on the right hand side "Already a Club EWI member?"
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Tuesday, July 14, 2009
Banking Stocks Rally on Goldman Sachs Results / Stock-Markets / Financial Markets 2009
By: PaddyPowerTrader
Like a testosteron-fuelled Pamplonean bull, stocks lead by financials charged higher (in very low volume) on the back of the Laura Croft of banking analysts Meredith Whitney’s comments. She changed her mind, saying she’s now bullish in the short run that banks can gain another 15% on the back of account sleights of had and helpful legislative changes. She recommended buying Goldman Sachs, whose “results” are due today (shame she missed the first 200% of the price move) and even said BoA is worth a look (the stock soared 9%). But she remains bearish on equities in the longer run saying that unemployment will reach 13%.
Monday, July 13, 2009
Soggy End to Yet Another Down Week for Stocks / Stock-Markets / Financial Markets 2009
By: PaddyPowerTrader
Stocks were down again on Friday (making it down four weeks in a row) as a fall in fall prices (they had their worst week since January) and a drop in consumer sentiment proved a drag. Chevron joined in the chorus of doom on Friday by warning that Q4 earnings would be “significantly lower” than the preceding quarter, hightening earnings worries. Against such a background, the ordinary punter finds it hard to comprehend that yet again failure is being rewarded; AIG in talks with U.S. over another $250 million in bonuses.
Monday, July 13, 2009
Honest Money Gold & Silver Report- Markets Wrap 12th July 09 / Commodities / Financial Markets 2009
By: Douglas_V._Gnazzo
Economy - We recently had a big move up in stocks and commodities from March to June, premised on the thought that the economy was going to get better, which would increase the demand for commodities and improve business profits.
Suddenly, this thesis is no longer embraced by the market, at least for the time being; although it may come back in the near future; perhaps the very near future.
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Sunday, July 12, 2009
Weakening Stock Market Drives U.S. Dollar and Gold Trends / Stock-Markets / Financial Markets 2009
By: Donald_W_Dony
The recent roll over and weakness of the S&P 500 has caused traders to shift out of stocks and begin moving to the 'safe haven' of the US dollar. This action is providing the underpinning for support of the currency, which in turn, is forcing gold to fall. Throughout most of the March-to-June equity rally, money flowed out of the security of US T-Bills and into stocks. This caused the fundamentally weak dollar to drift lower which helped drive the price of gold upward. The precious metal climbed over $100 per ounce from April to June.
Sunday, July 12, 2009
Correcting Stock Market Calls for Second Economic Stimulus / Stock-Markets / Financial Markets 2009
By: Prieur_du_Plessis
As I reluctantly start packing my bags after a most enjoyable two weeks of R&R in Europe (see my posts on Slovenia and Switzerland), “Words from the Wise” comes to you a bit more cryptically than usual. However, a full dose of excerpts from interesting news items and quotes from market commentators is included.
Despite having crisscrossed Heidi’s country, I have yet to find the elusive Swiss gnomes to glean what they make of financial markets at this juncture. Meanwhile, the past week has been characterized by a fresh wave of risk aversion, as uncertainty over the global economic outlook took its toll on stock markets, commodities and precious metals, and investors favored safe-haven assets such as government bonds and the Japanese yen.
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Sunday, July 12, 2009
Stock Market Draining Lower...Earnings On Deck... / Stock-Markets / Financial Markets 2009
By: Jack_Steiman
As the market opened for trading today, the world seemed to be watching whether today would be the day when the highly anticipated 875 Sp neck line would finally break down. We closed seven points above it yesterday and with the futures lower and hovering right near that grand number, anticipation seemed to fill the air. The bears were falling all over themselves thinking today would be it. We opened lower and tried to move higher but that didn't last as the bears came charging in, taking the SP 500 a few points below the magical level.
Saturday, July 11, 2009
Financial Markets React to the Streamlining of America's Bankrupt Corporations / Stock-Markets / Financial Markets 2009
By: Anthony_Cherniawski
A leaner GM? - General Motors Corp., which is preparing to sell its best assets to a streamlined new entity, will carry with it liabilities of $48.4 billion, a bankruptcy judge said. Among the liabilities are more than $17 billion of debt to the U.S. and Canadian governments, a workers’ health trust and unspecified foreign lenders, GM said in a June 1 statement. The $48.4 billion also includes accounts payable, pension and other employee obligations and warranties.
Thursday, July 09, 2009
Stock Market Indices End Up After A Choppy Days Trading / Stock-Markets / Financial Markets 2009
By: PaddyPowerTrader
It was one of those all sound and no picture days where stocks ended marginally positive for the day after a rally(ette) in the last half an hour. After the bell Alcoa marked the start of the pantomime that is the quarterly earnings season by reporting a smaller than expected loss i.e. the less bad is good club. Stepping away from the intra day noise and seeing the bigger picture the S&P 500 has lost over 5% over the past few sessions and is 75 points below its June 11th high.
Wednesday, July 08, 2009
How Green Was My Stock Market Rally? / Stock-Markets / Financial Markets 2009
By: PaddyPowerTrader
The second big selloff in three days signals the reflation trade is dead and volatility is back with a bang (the VIX was up 6.5% yesterday) as reality intruded on the over-hyped green shoots guff. The Nasdaq was the big loser for the day, falling 2.3%, but it remains the only major US index still in the black for the year. Commodities and crude continue to be unloved and now the markets are fretting that the economy may need a fresh stimulus package. Such talk is killing confidence. With the S&P 500 now trading below its 200 day moving average, stocks may well trade heavy with selling on upticks.