Category: Financial Markets 2009
The analysis published under this category are as follows.
Friday, February 13, 2009
Financial Markets React Badly to Obama Economic Stimulus Plan / Stock-Markets / Financial Markets 2009
By: Anthony_Cherniawski
“Stimulus Bill” up for a final vote today... After a 24-hour delay caused by late, lingering controversy, Democratic congressional leaders say President Barack Obama's economic stimulus bill -- a massive, $790 billion package of tax cuts and federal spending -- is on track for a Friday vote in the House. Read full article... Read full article...
Friday, February 13, 2009
Stock Markets Stage Late Comeback on Mortgage Bailout Plan / Stock-Markets / Financial Markets 2009
By: PaddyPowerTrader
JFK once inspired a generation of young Americans with the immortal line “think not what your country can do for you, but what you can do for your country”. How ironic, in the era of bailout nation, does that sound now! And with an hour to go to the New York close last night it was more of what your country may do for you that helped the market claw back heavy early losses. Read full article... Read full article...
Thursday, February 12, 2009
Stock Market Treads Water Ahead of Congressional Fiscal Stimulus Vote / Stock-Markets / Financial Markets 2009
By: PaddyPowerTrader
US stocks rebounded from their lows to record modest gains after news on ‘fiscal stimulus'. In short the US House and Senate versions of fiscal stimulus plans have been reconciled into a single $789bn stimulus plan – one third tax cuts, two-thirds spending . We are led to expect votes today in the House and this evening for the Senate. However given the price performance of government bonds this morning (they are bid to boots), I'd say the risk aversion trade is back with a bang and this spells trouble for equities. Much more on that below. Read full article... Read full article...
Monday, February 09, 2009
Stock Market Pauses After Last Weeks Big Gains / Stock-Markets / Financial Markets 2009
By: Kingsley_Anderson
After some big gains last week, today was a bit of a ho-hum affair as the DJIA only finished down 9.72 points. Does this rally have legs? We will know soon enough. There is a trendline (see the chart) right overhead the current price. Moreover, the DJIA's recent nemesis, the 50 dma , sits menacingly above at 8463.Read full article... Read full article...
Monday, February 09, 2009
Stock Markets Shrug Off Yet More Dire Data / Stock-Markets / Financial Markets 2009
By: PaddyPowerTrader
There was a perverse reaction to the dismal employment news from the US last Friday with indices rising throughout the session. Looks like no one wanted to be caught short with THAT bank bailout master plan coming tomorrow (16.00GMT) and today's fiscal stimulus. Note that the NASDAQ is now back positive for the year to date with Google (+54%) and Apple (+26%) showing strong leadership. Banks have bounced back strongly albeit from almost penny stock status! So a pivotal few days ahead. Read full article... Read full article...
Monday, February 09, 2009
Gold, Silver, Oil and Broad Stock Market Outlook / Stock-Markets / Financial Markets 2009
By: Chris_Vermeulen
Last week was exciting as the broad market dipped back down to test Hogan's Bottom again. The market found support and posted a nice two day rally on increased volume as buyers stepped back into the market. The two biggest sectors were financials and homebuilders posting solid gains for the week. It's important to note that both those sectors had the largest amount of short selling, it looks like traders started to cover their short positions, which boosted both those sectors. The market does look like momentum is shifting to the upside but we could still see prices drift sideways or even lower for another couple months, as investors need to become more confident and start investing again. Read full article... Read full article...
Saturday, February 07, 2009
Financial Markets Analysis: Surviving Deflation / News_Letter / Financial Markets 2009
By: NewsLetter
February 2nd , 2009 Issue #6 Vol. 3The stocks bear market reasserted itself by the end of last week in response to across the board bad earnings reports and economic data accompanied by revised IMF forecasts of marked slow down in global economic growth. The stock market trends are in line with the forecast for 2009 that targets new stocks bear market lows for the Dow of 6,600 and FTSE 3,400 as per my earlier newsletter and associated syndicated article of 22nd January.
Read full article... Read full article...
Saturday, February 07, 2009
Delusional Stock Market Ignores Fundamentals by Rallying on Bad U.S. Unemployment Data / Stock-Markets / Financial Markets 2009
By: Anthony_Cherniawski
U.S. Unemployment Rate rises to 7.6%. - The unemployment rate in the U.S. climbed to the highest level since 1992 in January and payrolls tumbled as the recession showed no sign of abating.
The jobless rate rose to 7.6 percent from 7.2 percent in December, the Labor Department said today in Washington. Payrolls fell by 598,000, the biggest monthly decline since December 1974, after dropping by 577,000 in the previous month.
Read full article... Read full article...
Friday, February 06, 2009
Stock Markets Fail to Bounce, Food Prices Signalling Higher Commodity Prices / Stock-Markets / Financial Markets 2009
By: Michael_J_Panzner
Yesterday, the Labor Department reported that first-time claims for state unemployment benefits rose a greater-than-expected 626,000. Curiously, some commentators have downplayed the fact that claims are back to where they were more than 26 years ago because the labor pool is much larger than it was then. Read full article... Read full article...
Friday, February 06, 2009
Financial Markets Braced For Bad U.S. Non Farm Payrolls Figures / Economics / Financial Markets 2009
By: PaddyPowerTrader
U.S. weekly jobless claims crashed through the 600K barrier yesterday for the first time since 1982. But the market took heart from chatter that accounting rules requiring banks to mark assets to market may be suspended. A mid-day turnaround resulted in US indices ending up yesterday by the time of the close. Read full article... Read full article...
Thursday, February 05, 2009
Inactive Obama Leads Stock Market Indices Lower / Stock-Markets / Financial Markets 2009
By: PaddyPowerTrader
The Dow Jones fell below 8,000 again yesterday after dodgy earnings from Kraft, Sara-Lee and Costco (are people really that cash strapped that they are cutting back on basics?) and expectations of uber weak January retail and chain stores sales numbers. Tech bellwether Cisco warned on revenues overnight. Read full article... Read full article...
Wednesday, February 04, 2009
Gold Steadies as Stock Markets Shrug Off Bad Economic Data / Stock-Markets / Financial Markets 2009
By: Adrian_Ash
SPOT GOLD-BULLION PRICES traded in a tight $9 range early Wednesday in London, holding steady for US investors even as the Dollar rose once again vs. the European single currency.World stock markets rose while crude oil pushed above $41 per barrel.
Read full article... Read full article...
Wednesday, February 04, 2009
Stock Market Indices Drag Themselves Higher / Stock-Markets / Financial Markets 2009
By: PaddyPowerTrader
Merck's stellar earnings and a rally in health care stocks outweighed weak auto sales and more gloom from tech sector. Politicans also for once gave the market a leg up with a positive reaction to a GOP counter proposal in the Senate. In a nutshell it's a $445 billion package that would slash the current 35% corporate tax rate to 25% and offer home buyers a tax credit worth $15,000 or 10 percent of the purchase price, whichever is less. The Dow Jones ended up retaking the 8,000 level yesterday, gaining 142 points to 8078. Read full article... Read full article...
Tuesday, February 03, 2009
Stock Market Still Seeking Direction / Stock-Markets / Financial Markets 2009
By: PaddyPowerTrader
It was a tale of two markets yesterday. The NASDAQ benefited from hopes of government spending on tech and telecoms infrastructure but the wider market fretted over the fate of the ‘ bad bank ‘ plan. Read full article... Read full article...
Monday, February 02, 2009
Financial Markets Analysis: How to Survive Deflation / Stock-Markets / Financial Markets 2009
By: Nadeem_Walayat
The stocks bear market reasserted itself by the end of last week in response to across the board bad earnings reports and economic data accompanied by revised IMF forecasts of marked slow down in global economic growth. The stock market trends are in line with the forecast for 2009 that targets new stocks bear market lows for the Dow of 6,600 and FTSE 3,400 as per my earlier newsletter and associated syndicated article of 22nd January.Read full article... Read full article...
Monday, February 02, 2009
Financial and Economic Forecasts 2009, Stock Market Crash to New Lows / Stock-Markets / Financial Markets 2009
By: Money_and_Markets
If you were shocked by last quarter's 3.8% plunge in the economy, wait till you see the tally for the current quarter!
Late last year, consumers snapped their wallets shut so quickly, and America's manufacturers were so unprepared, they couldn't stop their assembly lines fast enough.
Read full article... Read full article...
Friday, January 30, 2009
Recession Makes Stocks Pause For Thought / Stock-Markets / Financial Markets 2009
By: PaddyPowerTrader
A reality check for the Dow yesterday; the onslaught of ever grimmer economic news (and serious downward revisions to previous numbers) finally took its toll and snapped the 4 day winning streak. There was notable weakness in banking (the recent star performer), autos (Ford's $6bn loss) , aerospace (on dire durable goods data) & industrial equities. Read full article... Read full article...
Thursday, January 29, 2009
Stock Market Buoyed By US Fed And Treasury / Stock-Markets / Financial Markets 2009
By: PaddyPowerTrader
After hanging on with its fingertips to the slippy 8,000 level despite the onslaught of awful earnings, weak guidance and dire economic data, the Dow Jones went ahead last night after a market friendly FoMC statement from the US Federal reserve. New Treasury Secretary Tim Geithner helped too, saying that the government has lots of options to keep banks private and has no intention of nationalising them. Add to this the idea of a non punitive bad bank and the talk of an extra $2trn in capital injections and no wonder bank stocks went higher. Read full article... Read full article...
Thursday, January 29, 2009
Stock Market Bottom Pickers Beware of the Dow Jones Bear Market / Stock-Markets / Financial Markets 2009
By: Chris_Vermeulen
We had a slow start to the week with prices drifting sideways and upward on below average volume. Wednesday the market put in a nice rally with small and mid cap stocks leading the way higher. The chart of the Dow or the DIA exchange traded fund shows the low volume clearly. Most indexes are now trading just below a short term resistance level and Wednesdays rally was on light volume. I don't like to be a bear, low volume rallies are not a bullish sign. Read full article... Read full article...
Wednesday, January 28, 2009
Stock Market Up Again Despite Grim Economic Data / Stock-Markets / Financial Markets 2009
By: PaddyPowerTrader
Stubborn stocks ground out a few more hard yards in the face of more grim economic news. They drew some cheer from better than expected results from American Express (albeit still very weak). That the market can drag itself higher in the face of the current headwinds (job losses, poor earnings and guidance and dire real economy data) reinforces the importance of expectations and the significant pessimism currently built into market pricing. Read full article... Read full article...