Category: Financial Markets 2010
The analysis published under this category are as follows.Monday, May 03, 2010
All Eyes Remain on Greece / Stock-Markets / Financial Markets 2010
Over the past sixteen weeks the markets have managed only a few declines, pressing ever higher, skirting sovereign risk (Greece, Spain, Portugal – anyone else?), avoiding legal action against Goldman Sachs (adding criminal charges to the civil) and still modest economic growth, although better than expected earnings. The Fed, by keeping interest rates pegged at near zero has allowed the party to continue. Like the Staples commercial – that was easy! However the volatility that accompanied the decline late last week now have investors concerned that just maybe this is the beginning of the long awaited correction that will (finally) take stocks down more than just the few percentage points experienced so far this year.
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Sunday, May 02, 2010
Greece Debt Crisis Storm Cripples Stock Market Rally Resulting Stock Price Churn / Stock-Markets / Financial Markets 2010
The stock market rally on cruise control was hit head on by the Greek Debt Crisis throughout the week. First hit took the Dow down sharply on Tuesday to a low of 10974 which embolden the bears to see a potential meltdown in motion. On Wednesday the stock market bounced higher from the open that continued into Thursday taking the Dow to a high of 11,200 as the debt markets calmed (temporarily).
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Sunday, May 02, 2010
Stocks Bull Market Continues as Deflationists Remain Stuck in Debt Deleveraging Deflation Time Warp / News_Letter / Financial Markets 2010
The Market Oracle NewsletterApril 26th, 2010 Issue #25 Vol. 4
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Sunday, May 02, 2010
Global Debt Crisis Hits Markets, The Moment of Truth is Upon Us / Stock-Markets / Financial Markets 2010
We started out the week with a bang when it was announced that Goldman Sachs was being charged with fraud by the SEC. This sounds ominous at first glance, but in the end it’s a civil matter and will result with no more than a fine and a slap on the wrist. Then toward the middle of the week when the ratings agencies began to write down sovereign debt, first with Greece and then a day later with Spain and Portugal. It seems to me that these agencies no longer serve a purpose as these downgrades are nothing more than an acknowledgement of a situation that we all know existed for quite some time.
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Saturday, May 01, 2010
SPX Has a Cautionary Pattern / Stock-Markets / Financial Markets 2010
Consumer Spending “Lifts” the Economy - The U.S. economy expanded at a 3.2 percent annual rate in the first quarter as households spent more freely, setting the stage for gains in employment that may help the recovery broaden and accelerate.
The increase in gross domestic product was in line with the median estimate of economists surveyed by Bloomberg News and capped the biggest six-month gain since 2003, figures from the Commerce Department showed today in Washington. Consumer spending rose by the most in three years.
Thursday, April 29, 2010
Corporate Earnings Again Trump Sovereign Debt Fears / Stock-Markets / Financial Markets 2010
US stocks rose upon hump day, rebounding from the biggest drop since February, as higher-than-estimated earnings and the Federal Reserve’s pledge to keep interest rates at a record low overshadowed a downgrade of Spain’s debt rating. Dow Chemical climbed 5.9% and insulation producer Owens Corning rallied 11% as profits topped average analyst forecasts. Goldman Sachs gained 2.6% after defending its business practices to a Senate panel.
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Tuesday, April 27, 2010
Stock Market Topping Action Start of the Great Reversal / Stock-Markets / Financial Markets 2010
(MarketWatch) -- U.S. stocks wavered Monday, with upbeat results from Caterpillar Inc. and Whirlpool Corp. boosting confidence, but with the government's plan to begin divesting itself of Citigroup Inc. weighing on financials.
"The markets have been doing just about what they're supposed to do, which is if the economic numbers are better than forecast, or if earnings are better than forecast, then the market should go up," said Hugh Johnson, chairman of Johnson Illington Advisors. "Valuation is starting to become an issue. The going is getting tougher, although that doesn't mean we're not going to continue to go up," he added.
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Monday, April 26, 2010
Gold, Silver, Nat Gas, Oil & SP500 Trading Report / Commodities / Financial Markets 2010
Last week the market slowly recovered from the recent sell off in stocks and commodities. So far the market is unfolding as we expected and with any luck there will be a surge of low risk setups across the market in the near future. Take a look at the charts below.
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Monday, April 26, 2010
Stocks Bull Market Continues as Deflationists Remain Stuck in Debt Deleveraging Deflation / Stock-Markets / Financial Markets 2010
The stocks (stealth) bull market put in a new high with the Dow hitting 11,205 right at the end of the week after range trading between 11,150 and 11,000 for most of the week.
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Sunday, April 25, 2010
Euro Crisis Could Trigger Stocks, Dollar, Commodity and Bond Markets Drop / Stock-Markets / Financial Markets 2010
FDIC Friday is open for business. The FDIC Failed Bank List announced seven new bank closures for the week thus far. FDIC Friday lives!
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Saturday, April 24, 2010
Another Bubble in Stocks and Housing? / Stock-Markets / Financial Markets 2010
Compare the U.S. Census Report… “New orders for manufactured durable goods in March decreased $2.2 billion or 1.3 percent to $176.7 billion, the U.S. Census Bureau announced today. This decrease followed three consecutive monthly increases, including a 1.1 percent February increase. Excluding transportation, new orders increased 2.8 percent. Excluding defense, new orders decreased 1.2 percent.”
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Saturday, April 24, 2010
Gold, HUI and Stocks On the Brink of an Asset Explosion II / Stock-Markets / Financial Markets 2010
Let me start off by saying the market should be correcting. Sentiment has reached ridiculous bullish extremes, the kind of extremes that led to the January /February correction.That correction separated the second leg of the bull from the third. But let’s face it, sentiment has been in this condition for several weeks now and the best we could muster was a minor correction of 30 points on the news the SEC was filing charges against Goldman Sachs for fraud.
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Saturday, April 24, 2010
Goldman who? Fuhgeddaboudit! / Stock-Markets / Financial Markets 2010
Greece what? Oh we fixed that thing last week! Yeah, the Germans (who are $4.5Tn in debt), the French (who are $4.4Tn in debt), the English ($9.2Tn) and, of course, the Italians ($4Tn in debt) are gonna give the Greeks a little something to keep the lights on until Christmas. Hey the world’s supposed to end in 2012 anyway so it’s not like we gotta keep worrying about this stuff, capiche? See Merkel tells me she knows a guy who knows a guy who’s got the green to keep this whole scam going until then and, after that--who cares? It’s gonna be somebody else’s problem…
Friday, April 23, 2010
Why Are U.S. Stocks and The U.S. Dollar Rising? / Stock-Markets / Financial Markets 2010
Is the US dollar fundamentally flawed? We think so.
Is the US economy fundamentally in trouble? We think so.
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Friday, April 23, 2010
Greek Debt Crisis Tragedies and Wall Street Worries / Stock-Markets / Financial Markets 2010
Obama is coming to Wall Street.
The President will laying out his case for legislation at 11:55 to crack down on Wall Street with new regulations. "One of the most significant contributors to this recession was a financial crisis as dire as any we’ve known in generations," Obama will say, according to excerpts from his speech released by the White House.
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Thursday, April 22, 2010
Trend Forecasts for Stocks, Gold, Silver and Crude Oil ETFs / Stock-Markets / Financial Markets 2010
It’s been, an interesting week as stocks and commodities claw their way back up after the end of week sell off on Friday. Most of the chart technical are pointing to another wave lower for gold, silver, oil and the broad market.
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Thursday, April 22, 2010
Marc Faber Warnings on China, Industrial Commodities and Australian Stocks / Stock-Markets / Financial Markets 2010
Marc Faber talks about growth in lending and increases in property prices in China. Faber also discusses his caution about buying industrial commodities and Australian stocks. He speaks with Bloomberg's Liza Lin in Singapore.
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Wednesday, April 21, 2010
Stock Market Whipsaw Wednesday - Is Los Angeles Burning? / Stock-Markets / Financial Markets 2010
Is Los Angeles Burning?
Well, if not, it may be soon as 3,500 city jobs go on the chopping block including 61 firefighters in an area that routinely bursts into flames. Los Angeles County seeks to eliminate an additional 1,400 positions with both the County and the City looking to trim their budgets down from last year. “The mayor’s budget plan will make it harder to do business here, harder to raise a family and harder to keep neighborhoods safe,” the Coalition of Los Angeles City Unions said on April 16. The group represents 22,000 workers. The mayor’s proposed budget includes $63 million in savings from forcing some employees to take as many as 26 days off without pay.
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Monday, April 19, 2010
Goldman Sachs Black Swan Triggers Stock Market Sell Signal? / News_Letter / Financial Markets 2010
The Market Oracle NewsletterApril 18th, 2010 Issue #24 Vol. 4
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Monday, April 19, 2010
Goldman Brings Down the Party / Stock-Markets / Financial Markets 2010
The headline news of the week did not fail to deliver. Like Tiger’s recent life between the bed posts, the markets quickly fell flat after months of posting impressive results.
‘SEC takes off the gloves on Goldman’ reads a headline from the Financial Times…
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