Category: Financial Markets 2009
The analysis published under this category are as follows.
Monday, March 23, 2009
Stock Market Futures Bounce Sharply Higher / Stock-Markets / Financial Markets 2009
By: PaddyPowerTrader
Preliminary details of U.S. Treasury Secretary Tim Geithner 's (aka the one trillion Dollar man) plans have prompted a strong session in equities overnight with the Dow futures currently up 195 and Europe looking chirpy. Now I may sound like a worn out old 45 but don't believe the hype. The markets are as ever buying the rumour and will sell the fact(s). Read full article... Read full article...
Monday, March 23, 2009
Economic Crisis, No country is immune from the gloom / Stock-Markets / Financial Markets 2009
By: Regent_Markets
After a volatile 5 days, world stock markets just managed to close last 5 days in the black. It was a week of two halves with the good work from the start of the week being undone in the second half as traders slipped into reverse gear on Thursday and Friday. At least markets managed to hold the gains from the previous week which in the context of the bear market is no mean feat.Read full article... Read full article...
Sunday, March 22, 2009
Stock Market Final Bottom When Price Earnings Revert to Below the Mean / Stock-Markets / Financial Markets 2009
By: Prieur_du_Plessis
CEP News: Fed expands collateral for TALF
“The Fed expanded the securities it will accept for its short-term lending program just hours before the revamped plan was set to begin.
“The program is designed to free up capital for lending by purchasing securities backed by high-quality assets from financial institutions. The Fed plans to spend about $1 trillion through the program.
Read full article... Read full article...
Saturday, March 21, 2009
Financial Markets Analysis - Fed Adopts Quantitative Inflation / Stock-Markets / Financial Markets 2009
By: Nadeem_Walayat
The big story of the week was the U.S. Fed's head long fling over the cliff into Quantitative Easing by printing more than $1 trillion (electronically) , this is on top of the $800 billion already printed on the sly as the Fed buys toxic junk such as the weeks announcement of buying $1.25 trillion of Fannie Mae and Freddie Mac mortgage backed securities, as well as other junk bonds, on top of $300 billion of US Government bonds to help finance the ever growing budget deficit. The implications of this extra supply of dollars is inflationary that devalues the value of all dollars. I have already warned indepth of the consequences of Quantitative Inflation so won't repeat it here.Read full article... Read full article...
Saturday, March 21, 2009
U.S. Treasury Bonds and Gold Soars Whilst Stocks Correct Following Quantitive Easing / Stock-Markets / Financial Markets 2009
By: Anthony_Cherniawski
It's a circus in Washington. - Denouncing a "squandering of the people's money," lawmakers voted decisively Thursday to impose a 90 percent tax on millions of dollars in employee bonuses paid by troubled insurance giant AIG and other bailed-out companies. In some cases the bonuses might be taxed 100 percent leaving the recipients with nothing. Read full article... Read full article...
Friday, March 20, 2009
Gauging the Turn in Dollar, Gold & Crude Oil / Commodities / Financial Markets 2009
By: Ashraf_Laidi
The FOMC announcement of March 18, December 16 and September 16 each produced an interventionist surprise at the expense of the dollar. But unlike in the announcements of Sep 16 (AIG bailout) and Dec 16 (Fed's surprising zero interest rate announcement), Wednesday's announcement to buy long term treasuries and expand the purchase of MBS and Agency securities may continue to extend the dollar's retreat, beyond just a few days. Read full article... Read full article...
Monday, March 16, 2009
Does The Stock Market Rally Have Legs? / Stock-Markets / Financial Markets 2009
By: PaddyPowerTrader
Equities finished up on Friday for the fourth straight session as sentiment about the ailing US financial sector improved. But the big question remains does this equity bounce have legs? Sure the moves are chart-friendly but investors remain dubious. Since January it's largely been the case of one step forward and the two quick steps back. For example Deutsche Banks respected equity team released a downward revision to their outlook for US corporate earnings which they now see declining some 24.5% in 2009. Their outlook for underlying S&P 500 EPS has been accordingly marked down from $72.5 to $58.3. Read full article... Read full article...
Friday, March 13, 2009
Global Stock Markets Rallies, Buoyed by Stimulus Packages / Stock-Markets / Financial Markets 2009
By: Anthony_Cherniawski
Consumer confidence is still in the pits. - Confidence among U.S. consumers in March held near a 28-year low, reflecting mounting job losses and a deepening recession. The Reuters/University of Michigan preliminary index of consumer sentiment climbed to 56.6 from 56.3 in February. The gauge reached a 28-year low of 55.3 in November. Read full article... Read full article...
Friday, March 13, 2009
Stocks Soar As Rally Enters Its Fourth Day / Stock-Markets / Financial Markets 2009
By: PaddyPowerTrader
News of significant new stimulus measures by both China and Japan, jawboning from Bank of America's Ken Lewis and the Swiss National Banks decision to start quantitative easing led equity indices to a 3% gain yesterday. All this despite GE losing its much coveted tripe A (AAA) credit rating and Moody's putting 23 US regional banks on review for a possible downgrade. With Madoff in jail and consumption seemingly fighting back (note the surprisingly robust US retail sales number) maybe Bernanke and Geithner should take a leaf out of the Dimon / Pandit book and leak a memo saying the US economy has grown in the first two months of Q1 2009? It's Friday the 13th for the second month in a row so be careful out there. Read full article... Read full article...
Thursday, March 12, 2009
Stocks Hang Onto Gains / Stock-Markets / Financial Markets 2009
By: PaddyPowerTrader
A little banker patter seems to go a long way these days. Yesterday, equities hung in the black thanks mainly to a bravado performance by Jamie Dimon, Chairman and CEO of JPMorgan who talked up his book in a manner we usually associate with bouffant Bill Gross from Pim(p)co. But the vista of a dire retail sales number today is looming large as the US consumer retrenches further. This points to another downbeat quarter for earnings. Read full article... Read full article...
Wednesday, March 11, 2009
All Bubbles and Manias Leave Something Undervalued / Stock-Markets / Financial Markets 2009
By: Mike_Shedlock
Inquiring minds are taking a close look at point number five, A Revaluing of Intangible Assets in today's Five Things by Kevin Depew.
“It's kind of funny, but I feel much more satisfied with the things money can't buy, like the well-being of my family, I'm just not seeking happiness from material things any more”
Wednesday, March 11, 2009
Stock Market Thanks Citigroup Pandit / Stock-Markets / Financial Markets 2009
By: PaddyPowerTrader
King for a day, Citigroup CEO Vikram Pandit, a man who had presided over shareholder destruction equal to the GDP of small nations had some soothing words for his long suffering shareholders yesterday, “In addition to our strong capital position, I am most encouraged with the strength of our business so far in 2009. In fact, we are profitable through the first two months of 2009.” Read full article... Read full article...
Tuesday, March 10, 2009
Big Pharma Fails to Stimulate Downbeat Dow Stock / Stock-Markets / Financial Markets 2009
By: PaddyPowerTrader
The Dow Jones is Bear-ing down on the 6,500 level, as a bout of merger mania (Merck's proposed $41.1 billion takeover of arch rival Schering-Plough) fails to bring out the buyers . Stocks ended a yo-yo session on the back foot. Weighing on the market were heavyweight comments from the former Sage of Omaha Warren Buffett that the current environment was akin to an “economic Pearl Harbor” while Dr Doom Prof Nouriel Roubini chimed in with his view that the US recession (depression) could last another three years. Read full article... Read full article...
Monday, March 09, 2009
Stock Markets Enjoy A Perverse Relief Rally / Stock-Markets / Financial Markets 2009
By: PaddyPowerTrader
Friday saw a “sell the rumour, buy the news” reaction to another very weak payrolls number from the US. A perverse market rally occurred after the headline jobs losses number was not worse than the reported minus 651k. But the back revision to the previous two months totalled a further minus 161,000 suggesting to me that this number will itself be subject to a possible major upward revision. The “official” unemployment rate climbed to 8.1%, though as many point out, the real rate of unemployment is considerably higher . Read full article... Read full article...
Sunday, March 08, 2009
The Financial Markets Last “Bubble” that Remains to be Popped / Stock-Markets / Financial Markets 2009
By: Clif_Droke
The problem plaguing the market heretofore has been two-fold: a lack of buyers on the retail side and deleveraging on the institutional side of the aisle. In an all-out liquidation market cycles, support levels and technical indicators are of little to no use until the panic subsides and a level-headed approach prevails. Most of the indicators – technical and psychological – are in place for a major bottom and even the charts are starting to look somewhat constructive. We don’t have a confirmed bottom yet, though, so until we do we have to maintain a defensive position.Read full article... Read full article...
Sunday, March 08, 2009
Signs Global Economic Crisis Ending as Crude Oil and Copper Trend Higher / Commodities / Financial Markets 2009
By: Clive_Maund
Something truly remarkable happened last week that has major implications for the global economic crisis - despite all the doom and gloom and the broad stockmarket continuing to make new lows, copper broke out upside from a 3-month long base pattern. Why is this so important? - because copper has a history of being one of the earliest if not THE earliest lead indicators for the world economy, so much so that it is sometimes called Dr Copper. So what happened? - let's take a look on a 6-month chart. Read full article... Read full article...
Sunday, March 08, 2009
Most Popular Financial Markets Analysis of the Week - 16 / News_Letter / Financial Markets 2009
By: NewsLetter
February 28th , 2009 Issue #16 Vol. 3Read full article... Read full article...
Saturday, March 07, 2009
Obama's Stocks and Bonds Bear Market / Stock-Markets / Financial Markets 2009
By: Anthony_Cherniawski
The Employment Situation? Grim - Nonfarm payroll employment continued to fall sharply in February (-651,000), and the unemployment rate rose from 7.6 to 8.1 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Payroll employment has declined by 2.6 million in the past 4 months. In February, job losses were large and widespread across nearly all major industry sectors. Read full article... Read full article...
Friday, March 06, 2009
The Oracle with Max Keiser - The AIG Black Hole / Stock-Markets / Financial Markets 2009
By: Nadeem_Walayat
This weeks "The Oracle" presented by Max Keiser for BBC World Service with key guests
Dean Baker, Andy Zaltzman
seeks to predict the news before it happens. Read full article... Read full article...
Wednesday, March 04, 2009
Stock Market Breaks Psychological 700 Level on S&P Index / Stock-Markets / Financial Markets 2009
By: PaddyPowerTrader
After a big fall in the previous sessions, traders sometimes look for a turnaround of up to 50% of the previous days drop or even a dead cat bounce. But despite the five day drubbing there was no such relief yesterday as the Dow Jones lost another 0.55%. Read full article... Read full article...