it was a 9 to 1 downside day in terms of volume and the advance decline line. only telecoms managed to post positive returns. financials and materials led the decline.
another ugly day. no real news. the dollar rallied though. the bear trade has gotten a bit crowded. be concerned with the technical aspect to last weeks trading. watch to find out what.
earnings season is well under way. most companies are beating expectation, but it comes at mainly cutting costs. we also talk about 3 things holding back the u.s. economic growth.
there was a late sell off late in the day. financials dropped the most. this had to do with huge pay cuts at the bailout companies. aig, boa, and citigroup were on the list, but not the companies that paid back
battle in profit taking today. blue chips fair better then small caps. the advance decline line was 2 to 1. the only group that was in the green was IT, and that was flat. most interesting was brazil and a new tariff.
fertilizer is a commodity that not many people think about. some of these companies might be bought. watch the video on who. more people requires more food. so demand is there. think phosphate.
today was Columbus day so the bond market was closed, and there were no economic reports coming out to push the market one way or another. investors are waiting for earnings reports.
Stocks chalked up another one for the win column this week, with blue chips adding more than 4 percent. While we focus mostly on stocks with these updates, theyâre by no means the only thing rising these days.
again everything was up today based on little economic recovery news. we still believe there is a bigger downside to upside in the markets. so be careful.
a bit of a quiet day. no real news. mortgages apps are up a little and oil inventories are down a little. encouraging but no real sign where things are heading. but gold's the story.
gold finally broke out. and closed at a record high. very important. the dollar's collapsing and currencies are becoming worth less and less. gold is looked at as a hedge, BUT we look at it as an asset class on to itself.
goldman sacks upgraded its rating on some major banks. well fargo rallied around 7%. ism rating is over 50 which indicates growth however they also noted that things are still mixed on the outlook of the economy.
unemployment from bls ticket up to 9.8%. but the situation is much worse. 5.4mil have been officially out of work for more then 27 weeks, and a ton of people have just given up. but listen it just gets worse.
all u.s. stock indexes fell more then 2% today. is this the beginning of the major correction? but it will take more then one day. bad news on the job end, so recovery won't come quick.
very light volume on the stock market due to the yom kippur holiday. bulls ramped the prices up sharpley. the fed in dallas said production fell, and chicago said that it's monthly national activity index fell in august.
2nd day of falling share pricing. and housing sales didn't do as well as much as expected. and the people that have used up their unemployment benefits have hit a record high. this is not going to help the recovery. plus a few other things....
the fed spoke today. and basically said that interest rates are going to stay very low for the foreseeable future. we give some good ideas on how to possibly profit from these uncertain times.
technically we seem to be out of a recessions. but there's still a long long way to go until we have a healthy economy. unemployment is still very much a drag on our growth
plenty of action on the disjointed action. bernanke says we're out of the recession but he's been known to have bad timing. but t-bills are slipping to 10 basis points, and a whole bunch more... watch the video why...
quiet day. wow markets are up 57% from its lows... but the the bond market is saying something else about the economy. lehman brothers collapsed a year ago today. and pres. obama did some speaking here in nyc.
we talked a bit about a recent oil discovery in the gulf of mexico. 3 billion barrels of oil. one of the largest in recent years. but in the big picture, it's not going to mean much.
more good news is no news today. the ism higher then expected. a few months ago these signs of positive numbers would send stock soaring but not today. so what's going to push stock higher?
the market was down again but did avoid a second big day of selloffs. gold rallied and gain about 2.5%. miners also made a huge gain at 8%. why? miners are leveraged. so investors are seeing good returns.
today was NOT a good day on the markets across the board. professional traders are hedging against the market, and gold is up. we stress some good investments in this video.
down day today. but the market rose for the month. the market remains overbought technically. investor sentiment hasn't been this bullish since oct. 07. watch the video to find out why this isn't so good.
consumer spending improved. but only because of the cash for clunkers deal. job losses are still mounting and personal income is still not growing. we really don't see any improvement to the economy
market again was basically flat. market's not that impressed about the 10% jump in home sales. the market has already priced that in. and some gains in sales have to do with that first time home buying tax credit.
consumer confidence jumped up and so did the case-schiller. but that didn't count the large number of homes about to hit the market. and the johnson redbook retail sales numbers came out. and that did NOT look good.
stocks were little changed, and then sold off because the credit cycle needs to be put back on track. actually the banking industry is still falling short. the fdic is now out of funds. 30 year bond is down. not a vote of confidence for the economy
things were up today. following a large chinese stock market rally. but the trading volume was light and governments bonds held their ground. buffet wrote an article in the ny times. and we talk about that too.
oil was on a tear today. that only means corporate margins are going to hurt. consumers still don't have the money in their back pockets to spend. please be careful with your investments.
S&P lost 2%, similar losses across the dow and nasdaq. commodities too was hit, but oil only around 1%. we've been saying this would happen. but please listen to this this update, we do some very good explaining.
retail sales are just down right UGLY. and there was supposed to be a gain! even if you include autos sales were down. on a year over year basis down 8%. ouch!
well the fed did their regular 6 week meeting, and nothing really came out of it. interest rates are going to stay the same, and they're saying the economy is still stabilizing. the markets rallied on very light trading again.
