Category: Financial Markets 2009
The analysis published under this category are as follows.
Tuesday, January 27, 2009
Stock Markets Begin Week With Tentative Gain / Stock-Markets / Financial Markets 2009
By: PaddyPowerTrader
On a very back day for US employment, there was 71,400 job cuts announced. Still equity indices managed to eek out some meagre gains with the blockbuster Pfizer/Wyeth merger, a bullish statement from Barclays, solid earnings from the ever dependable McDonalds and better than expected existing home sales numbers bringing some relief. So a day when investors chose to see the glass as half full. I remain highly sceptical, particularly of tech stocks . Read full article... Read full article...
Tuesday, January 27, 2009
Financial Markets Action / Stock-Markets / Financial Markets 2009
By: Paul_J_Nolte
The market action over the past few weeks is presenting more questions than answers. First, the new administration is ready to unveil yet another bank bailout package as well as consumer relief designed to cut some taxes, provide some rebates and attempt to provide long-term economic benefit. Earnings season is in full swing, with the usual financial mess – however some bright spots in a variety of industries.Read full article... Read full article...
Monday, January 26, 2009
Stock Market Update, Gold Break-Out and T-Bills Bubble Popping? / Stock-Markets / Financial Markets 2009
By: Daniel_Smolski
Just a few days into the administration and we are already starting to see cracks in the walls. Rumors have been surfacing Obama's much heralded stimulus package will not pass in congress as many republicans, including John McCain promise to be “faithful opposition party members.” The opposition is unfortunately not against the spending but rather, against not enough spending. There are demands to make Bush's tax cuts permanent while democrats instead want to shift the tax burden onto the “rich.” It was expected that Obama will enter politics with so much tailwind behind him, that he would be able to pass any bill in the first months in office. Read full article... Read full article...
Saturday, January 24, 2009
Depression or Recession as GE Price Crashes to 12 Year Low / Stock-Markets / Financial Markets 2009
By: Anthony_Cherniawski
As GE goes, so does the nation? There is (or was) a saying in Michigan, “As GM goes so goes Michigan.” We might want to modify that phrase for General Electric and the country. Profit from continuing operations declined 43 percent to $3.87 billion, or 36 cents a share, amid the global credit crisis that eroded income at the finance segment.Read full article... Read full article...
Friday, January 23, 2009
Another Rollercoaster Day on the Stock Markets / Stock-Markets / Financial Markets 2009
By: PaddyPowerTrader
The ‘could go up, could go down' club that is the Dow Jones these days continues its volatile flirtation with the psychological 8,000 level. More disappointing earnings, guidance numbers and layoff news from Microsoft, eBay, Lockheed, AMD and the regional banks took their toll. The Dow finished down 130 points yesterday, despite a late in the day rally. Read full article... Read full article...
Friday, January 23, 2009
Most Popular Financial Markets Analysis of the Week / News_Letter / Financial Markets 2009
By: NewsLetter
The Market Oracle Newsletter January 10th , 2009 Issue #2 Vol. 3 Read full article... Read full article...
Thursday, January 22, 2009
Another Bear Market Bounce Or Stocks Bottoming? / Stock-Markets / Financial Markets 2009
By: PaddyPowerTrader
Stocks rallied hard yesterday from oversold levels as newbie Treasury Secretary Tim “the enchanter” Geithner talked of the need for a “forceful” fiscal stimulus and action on a “dramatic scale” to strengthen banks. He also hinted that plans for a “ bad bank ” may be gaining traction. A round of executive bank share purchases from Jamie Dimon (550k shares) at J.P. Morgan and embattled Ken Lewis at Bank of America (200k shares) also helped to give better tone to financials and instil a bit of much needed confidence. But it may be just another dead bank bounce. Read full article... Read full article...
Tuesday, January 20, 2009
Obama Stock Market Bounce or Bump? / Stock-Markets / Financial Markets 2009
By: PaddyPowerTrader
U.S. markets were closed yesterday for Martin Luther King Day ahead of Obama's big day out today. So will we get a Barack bounce or bump? Well we will most likely see some sort of knee-jerk rally on such a historic day. But then we will have the hangover induced by the same old same old issues of evaporating earnings, dismal future guidance, rising unemployment, continued falls in house prices and an increasing foreclosure rate. Read full article... Read full article...
Monday, January 19, 2009
UK Stocks Tick Higher After Another Bank Bailout / Stock-Markets / Financial Markets 2009
By: PaddyPowerTrader
Equities were becalmed Friday after a week in which Citigroup and Bank of America lost nearly half their market capitalistion. Size it seems isn't everything these days . As was the case in autumn 2008, it's very hard for indices to make much progress if financials remain a drag. Read full article... Read full article...
Saturday, January 17, 2009
Deflationary Pressures Impact on Stocks, Gold and Commodities / Stock-Markets / Financial Markets 2009
By: Anthony_Cherniawski
Consumer prices going down -The Consumer Price Index for All Urban Consumers (CPI-U) decreased 1.0 percent in December, before seasonal adjustment, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. The December level of 210.228 (1982-84=100) was 0.1 percent higher than in December 2007. Read full article... Read full article...
Friday, January 16, 2009
Tech Stocks Trump Banks But Possible Trouble Ahead / Stock-Markets / Financial Markets 2009
By: PaddyPowerTrader
A strong performance from Intel, Amazon and Blackberry maker Motion masked what was another very bleak day for banking stocks with Citigroup -15.5% to below $4 and BoA - 20% to levels not seen since 1991. With Citi trading well below the key $5 trigger point, many fund managers will be obliged to dump the stock at month end rebalancing as they are precluded from holding stocks who have cheapened that much. Déjà vu; recall the Lehman death-watch?! For BoA the wider market is fretting that further taxpayer capital injections mean further dilution and more write offs forcing other banks to follow suit. Read full article... Read full article...
Thursday, January 15, 2009
Risk Aversion Returns To Haunt Stock Market / Stock-Markets / Financial Markets 2009
By: PaddyPowerTrader
It's now official; the horrific US retails sales numbers yesterday confirm that for many consumers Christmas was indeed cancelled. The price action in equity markets tells us that the New Year is less “hey ho, hey ho” and now “I owe, I owe, it's off to sell stocks we go”. Worth noting is that the index of banking stocks plummeted through the lows of November 2008 yesterday. There really was nowhere to hide with the broader S&P 500 and the NASDAQ faring even worse in terms of percentage declines. Read full article... Read full article...
Wednesday, January 14, 2009
Stock Markets Waiting on Obamulus / Stock-Markets / Financial Markets 2009
By: PaddyPowerTrader
Here is a new word for your lexicon. Obama + Stimulus = Obamulus. In a word that is what the market is focused upon plus key bellwether earnings reports due Thursday from JP Morgan, Intel and Genetech. Indices turned around yesterday after Bernanke's (“I'm all in”) LSE speech and word that Senate Majority leader Reid believes he has enough votes to get approval for the additional $350bn of the TARP. So led by financials the blue chip Dow finished only modestly lower with the broader indices and the NASDAQ getting their head above water. Read full article... Read full article...
Monday, January 12, 2009
Stock Markets Retreat Ahead Of U.S. Corporate Earnings Season / Stock-Markets / Financial Markets 2009
By: PaddyPowerTrader
Friday saw a late in the day sell-off of over 200 points in the Dow Jones. This was a reality check for those who tried (in vain) to trade the nonfarm jobs number as not quite as bad as feared . Standing back, while the headline number was not the kitchen sink number some had predicted, the downward revisions to previous months and the uptick in the unemployment rate meant the report was about as bad as it could have been. The major worry for equities remains earnings revisions and daily analyst downgrades which are sapping sentiment and sucking the life out of the appetite for risk. Read full article... Read full article...
Friday, January 09, 2009
All Eyes On U.S. Nonfarm Payrolls / Stock-Markets / Financial Markets 2009
By: PaddyPowerTrader
Equities overcame Wal-Mart's gloomy outlook to finish only modestly lower yesterday buoyed by Microsoft's rollout of Windows 7 today. In the final hour of trading, investors seemed cheered by news of a breakthrough agreement that could help curtail home foreclosures. Senator Richard Durbin hailed a decision by Citigroup to drop opposition to legislation that would give bankruptcy judges the power to eliminate some mortgage debt. Read full article... Read full article...
Thursday, January 08, 2009
New Year Stock Market Rally Over Already? / Stock-Markets / Financial Markets 2009
By: PaddyPowerTrader
The Dow Jones fell 245 points yesterday in the biggest fall in a month. Stocks had their cage rattled with a quadruple body blow in the form of : Read full article... Read full article...
Tuesday, January 06, 2009
Stock Market Indices Brush Off More Dire Economic Data / Stock-Markets / Financial Markets 2009
By: PaddyPowerTrader
In the first real trading day of 2009 yesterday, stocks took a breather and headed modestly lower. This was despite truly woeful auto sales numbers and updates on Apple founder Steve Jobs ailing state of health. In short limited risk appetite seems to have returned with less daily volatility. There are now less defensive stocks outperforming and each additional dire piece of gloomy economic news seems to be having a diminishing marginal negative effect on equity markets, for the moment. Read full article... Read full article...
Saturday, January 03, 2009
Bond Market Investors Near the Exit, Stock Market Rally Over Already? / Stock-Markets / Financial Markets 2009
By: Anthony_Cherniawski
The Federal Reserve and Wall Street are congratulating themselves on averting disaster in the financial markets. A report issued by the Department of Treasury had this to say, "Treasury, working with the Federal Reserve, the FDIC (Federal Deposit Insurance Corp.) and other regulators, has taken the necessary steps to prevent a financial collapse." "The most important evidence that our strategy is working is that Treasury's actions, in combination with other actions, stemmed a series of financial institution failures. The financial system is fundamentally more stable than it was when Congress passed the legislation.” Read full article... Read full article...