Category: Financial Markets 2009
The analysis published under this category are as follows.
Friday, April 10, 2009
Stock Market Investor Sentiment Turns Bullish, Technical Sell Signal / Stock-Markets / Financial Markets 2009
By: Anthony_Cherniawski
Another cover-up? The U.S. Federal Reserve has told Goldman Sachs Group Inc., Citigroup Inc. and other banks to keep mum on the results of “stress tests” that will gauge their ability to weather the recession, people familiar with the matter said. Read full article... Read full article...
Wednesday, April 08, 2009
Financial markets Analysis of the Week # 25 / News_Letter / Financial Markets 2009
By: NewsLetter
April 4th , 2009 Issue #25 Vol. 3Read full article... Read full article...
Wednesday, April 08, 2009
Stocks Hurt by Fears of Earnings / Stock-Markets / Financial Markets 2009
By: PaddyPowerTrader
Stocks fell for the second straight day. The market opened heavy and traded like that all day. There was no one thing causing this, but comments from famed sages George Soros (that the rally was pretty much done) and Marc Faber (the S&P 500 could drop as much as 10% to around 750) certainly added to the fall. Energy stocks were the big losers, as oil fell below $50. Natural gas hit a 6-year low, while tech shares were also noticeably weak on economic fears hurting orders / sales. After the bell there were weak earnings from Alcoa and fertilizer maker Mosaic who may fell pressure today. Note, Asian stock markets saw an even sharper correction on big losses for Daiwa. Read full article... Read full article...
Tuesday, April 07, 2009
How to Profit from Inefficient Financial Markets / Stock-Markets / Financial Markets 2009
By: Money_Morning
Keith Fitz-Gerald writes: One of the single biggest fallacies foisted upon the investing public is the notion of an “efficient market.” Academics love it, which is why the “ efficient-market hypothesis ,” or EMH, as it's known, is taught at all the leading B-schools. The broadest version of this theory holds that securities prices already reflect all known information; EMH proponents believe it's impossible to outperform the markets over time - except by luck. Read full article... Read full article...
Tuesday, April 07, 2009
Stock Market Snaps Winning Streak / Stock-Markets / Financial Markets 2009
By: PaddyPowerTrader
Former Deutsche bank star banking analyst Simon Mayo (now with French house Calyon) put a dampener on financials yesterday by voicing his concerns that Geithner's new plan may not offer as much hooray as the markets think. The extension of the deadline for participation in the securities side of the Geithner Plan has spooked some investors. There are also fears that private sector interest in the plan is proving less than the market originally expected, and that the extra two weeks and looser selection criteria are a desperate effort to throw the net wider. But that said, equities still managed to jog to the finish well off their worst levels. Read full article... Read full article...
Monday, April 06, 2009
Stock Market Chooses to Ignore More Dire U.S. Jobs Data / Stock-Markets / Financial Markets 2009
By: PaddyPowerTrader
Stocks shrugged their shoulders and laughed in the face of another atrocious jobs report Friday and forged ahead Stateside. Overnight, Asia continued the firm tone despite those pesky North Koreans in the hermit kingdom firing a missile over the Sea of Japan. Read full article... Read full article...
Sunday, April 05, 2009
Stock Market Betting on a Global Economic Rebound / Stock-Markets / Financial Markets 2009
By: Anthony_Cherniawski
Unemployment rate officially at 8.5% - The U.S. unemployment rate jumped in March to the highest level since 1983 as the economy lost 663,000 jobs, threatening to keep spending subdued for months and delay any recovery. The Department of Labor reports, “Nonfarm payroll employment continued to decline sharply in March (-663,000), and the unemployment rate rose from 8.1 to 8.5 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Since the recession began in December 2007, 5.1 million jobs have been lost, with almost two-thirds (3.3 million) of the decrease occurring in the last 5 months. In March, job losses were large and widespread across the major industry sectors.”Read full article... Read full article...
Sunday, April 05, 2009
Stock Market Investors Buoyed By Positive G20 Global Economy Developments / Stock-Markets / Financial Markets 2009
By: Prieur_du_Plessis
Investors' mood benefited last week from the potentially positive implications for the global economy emanating from the London G20 meeting, and the Financial Accounting Standards Board's decision to relax mark-to-market accounting rules. And the previous week's announcement of the Geithner plan to remove toxic assets from the balance sheets of banks was also still seen as a tailwind for stock markets. Read full article... Read full article...
Saturday, April 04, 2009
Stock Market Rally Some Room to Extend Further / Stock-Markets / Financial Markets 2009
By: Anthony_Cherniawski
All day long on Friday indexes labored as if in a topping process. That would have been no surprise, since my model had been saying all along that the top of this rally would be 840-850 in the SPX and 1300-1315 in the NDX. I had given up earlier this week on the indexes achieving their target, although a close call. Today it achieved its target.Read full article... Read full article...
Thursday, April 02, 2009
Stock Market Random Walk Continues / Stock-Markets / Financial Markets 2009
By: PaddyPowerTrader
Equities take heart from marginally less awful than expected auto sales and Geithner's fighting talk of the economy gaining “traction” . G20 cheerleading helped as well, as a positive view on the prospects of easing mark-to-market rules and how this may impact financials Q1 results. Short-termist smoke and mirrors if you ask me. Today's London G20 summit is in danger of over-promising and under-delivering. Read full article... Read full article...
Wednesday, April 01, 2009
Gold and Financial Markets Forecasts 2009 -Update / Stock-Markets / Financial Markets 2009
By: John_Lee
This is a follow up to the 2009 year forecast issued on Jan 16, 2009. In the first quarter of 2009, we reached the climax of US banking and financial collapse.
* Citigroup was brought down by souring mortgages and traded below a dollar. US government now has a controlling stake.
Read full article... Read full article...
Wednesday, April 01, 2009
Financial Markets Analysis of the Week #23 / News_Letter / Financial Markets 2009
By: NewsLetter
March 29th , 2009 Issue #23 Vol. 3 Read full article... Read full article...
Wednesday, April 01, 2009
Financial Markets Analysis - Fed Adopts Quantitative Inflation / News_Letter / Financial Markets 2009
By: NewsLetter
March 21st , 2009 Issue #21 Vol. 3 Read full article... Read full article...
Wednesday, April 01, 2009
G20 Gathering on All Fools Day / Stock-Markets / Financial Markets 2009
By: PaddyPowerTrader
Despite poor data from the Chicago PMI, weak consumer confidence and more dire housing data, stocks jumped back . It turns out that the world decided that Monday's sell-off was just a buying opportunity for bargain hunters? A change may be coming Thursday to “mark to market” from the FASB (see below). The bad news was that we had another negative quarter, but March was an up-month for the broad index readings. Read full article... Read full article...
Tuesday, March 31, 2009
Stock Market Slides on Negative News / Stock-Markets / Financial Markets 2009
By: PaddyPowerTrader
Unadulterated risk aversion returned on Monday. The day started with the news the US had rejected proposals for auto industry rehab, moved on to a vicious fall in Japanese industrial production but then the mood was briefly lifted by an increase in UK mortgage approvals. However, markets descended back into gloom as Ireland was downgraded by S&P (it was a case of when not if), then focused on the woes of the US auto industry with GM, now equated with Gimmie Money or Government Motors, and finished by looking at the ever-deeper quagmire that AIG are in. Somewhere in the middle of all this, ECB President Trichet failed to rule out buying corporate bonds, though helicopter Jean Claude doesn't sound quite right. Read full article... Read full article...
Friday, March 27, 2009
The Stock and Commodity Market Rally's Million Dollar Question / Stock-Markets / Financial Markets 2009
By: Chris_Ciovacco
The battle between current economic weakness and the Fed's programs are playing out in the currency, commodity, and stock markets around the globe. Since history tells us stocks tend to bottom before the economy, we should remain open to all possible outcomes, bullish or bearish, even in the face of serious systemic problems. In Reflation: Déjà Vu All Over Again? , we commented that the S&P 500's move through 806 sends a signal the markets are paying attention to all the Fed's "liquidity facilities". Read full article... Read full article...
Thursday, March 26, 2009
Stocks Rebound In The Final Hour / Stock-Markets / Financial Markets 2009
By: PaddyPowerTrader
Another wild ride yesterday on the stock market roller coaster. US indices closed higher, though that was only thanks to a last hour rally that took the S&P from a 1.8% loss on the day to a 0.96% gain by the closing bell. Equities started the session weaker because of a disappointing Treasury auction. But then the big gain came from Bank of America (though with its ratings downgraded by Moody's) after its CEO gave an interview to the LA Times in which he said he wanted to start repaying the government's $45bn of assistance in April. Although Goldman has already indicated it wants to get back on its own two feet already, this is the first of the banks that took significant funds from the Treasury to make that claim. Read full article... Read full article...
Wednesday, March 25, 2009
Profit Taking Pushes Stock Markets Lower / Stock-Markets / Financial Markets 2009
By: PaddyPowerTrader
Some profit taking after the stellar gains (panic buying) on Monday was always on the cards. The surprise to this writer was that the correction wasn't a tad deeper, with the S&P holding well above the key 800 level; mind you, financials were down 6.5% as the misplaced euphoria over Geithner's plan wears off. Energy stocks were also weak, as crude prices retreated and air carriers took a big hit on a trade group report predicting a cumulative $4.7bn loss for the industry in 2009. Read full article... Read full article...
Tuesday, March 24, 2009
Stock Market Cheers Geithner’s Bank Rescue Plan / Stock-Markets / Financial Markets 2009
By: PaddyPowerTrader
So despite my (misplaced?) reservations yesterday one has to respect the price action! Tim did finally enchant and Geithner's new bank balance sheet plan propelled stocks into the stratosphere . But it wasn't the only catalyst at work yesterday as the bulls' stars became aligned. Read full article... Read full article...
Tuesday, March 24, 2009
Stocks Bear Market Respite and Reflation Trade Won't Push Gold Past $1,000 / Stock-Markets / Financial Markets 2009
By: Jordan_Roy_Byrne
In the wake of the Fed's announced record monetization some gold bugs remarked about the significance of the date and decision. Moreover, the airwaves were littered with commodity bulls (not the familiar faces). There were a few non-gold bug analysts on live television showing currency from Zimbabwe and relating the Fed decision to what has transpired in Zimbabwe. Hyperbole aside, fed policy of currency debasement and inflation of the money supply is hardly anything new. News is important in that it highlights and reinforces trends. It doesn't create them.Read full article... Read full article...