From Slipstream Trader Murray Dawes:
“The US markets had a huge rally overnight on the back of some fudged housing figures. Whether this is the beginning of the Santa rally remains to be seen.”
All Posts Tagged With: "dow jones"
Is There Hope for a Santa Rally?
Capitalism the Washington Way
Survivors of concentration camps report that the secret to staying alive was often simple: those who were near the kitchen made it; those who were not didn’t.
In our modern, degenerate form of capitalism the secret is the same: you want to be near the kitchen…the place where the food is handed out. You want to be near the government. That’s why there are so many lobbyists in Washington.
November 17th, 2011 | Bill Bonner | 0 comments | Continued
Markets at Work Discovering Worth
The markets continue trying to discover what things are worth. With so many things in motion, so much fog and so much doubt, they’re having a hard time.
November 4th, 2011 | Bill Bonner | 0 comments | Continued
Why is 5,000 a Key Psychological Level?
By the way, is that phrase “key psychological levels” just a load of horse pucky used by analysts and commentators to try and explain things they don’t understand?
April 8th, 2010 | Dan Denning | 2 comments | Continued
Historians May Write: In Order to Save Greece, it Was Necessary to Destroy the Euro
The bigger story is that Greece hasn’t been abandoned by the rest of Europe…yet. Europe could probably leave Greece behind and preserve the integrity (such as it is) of the euro as a sound currency. But 50 years of harping on about social justice and economic harmony and humane capitalism is going to make it hard for policymakers to leave Greece to its own devices.
February 17th, 2010 | Dan Denning | 19 comments | Continued
A Natural Time for Stocks to Object to their Own Valuations
Well you know what we think since we wrote it last week. More earnings results from IBM, Citigroup, Bank of America, Morgan Stanley, and Starbucks could confirm that reversal this week. Or not. We will just have to see.
Not that the power of U.S. earnings reports compels Australian stocks to follow the U.S. lead. It’s a different market here, with different business conditions, and closer trading ties to China.
January 18th, 2010 | Dan Denning | 1 comment | Continued
Separating the Short-term Trends in Financial Markets from the Long-term Trends in Geopolitical History
The Dow Jones slipped under 10,000 at the end of the day Wednesday largely because analyst Dick Bove changed his call on Wells Fargo from “neutral” to “sell.” Bove said the quality of the company’s third quarter earnings was, “pretty poor.” “If you take a close look at the earnings, what you can see is that the improvement is due to a hedging profit…
October 22nd, 2009 | Dan Denning | 4 comments | Continued
Big Difference Between Stark News in Job Market and Behaviour of Stock Market
There have been jobless recoveries from recession before. But you still have to wonder how there can be such a big difference between the stark news in the job market and the behaviour of the stock market. True, economists will tell you that jobs are the last thing to recover from a recession. Businesses don’t hire until they are sure everything is in the clear.
October 5th, 2009 | Dan Denning | 4 comments | Continued
Sell China and Buy Goldman Sachs
If that’s the case, then it would be time to sell commodities and buy Goldman, or at least time to sell commodities. A collapsing Chinese credit bubble would remove a lot of the demand and price support for Australian commodities (especially coking coal and iron ore).
July 14th, 2009 | Dan Denning | 24 comments | Continued
Immoral Governments Pursuing Inflation With Gusto
The understatement of the day comes from Dow Jones newswires. “A pandemic would deal a major blow to a world economy already suffering its worst crisis in decades, and experts say it could cost trillions of dollars.”
April 28th, 2009 | Dan Denning | 7 comments | Continued
Stocks Fall Another 250 Points. Only 2,100 More to Go.
The Dow ended yesterday’s trading at 7,114. Before this correction is over, it will trade below 5,000. That has been our prediction for the last 10 years. Maybe we were a little early. But we’re sticking with it. Besides, stocks have been a bad bet for the last 12 years. They’re now back to ’97 levels…
February 25th, 2009 | Bill Bonner | 1 comment | Continued
Crude Oil and the Dow Jones Index…a Close-Up
Oil’s trading at around $130 today, reader. That’s a 12% decrease since the high posted on July 11th. It seems more and more that oil is the architect behind a turnaround in share prices and economic forecasts. The bulls may be coming out of hibernation. But our focus today is oil itself. That’s where the market is focusing. Oil’s what equity traders are looking at.
July 23rd, 2008 | Gabriel Andre | 0 comments | Continued
Dow Jones Has Worst June Since Great Depression, American Model in Decline
The Dow Jones Industrials has had its worst June since the Great Depression. The index is down 9.4% this month, although that is not as bad as June 1930, when it fell 18%. The Dow is only 30 major companies. But in two important ways it shows that the U.S. model for prosperity over the last 50 years is in big trouble. While this certainly affects Australia, it is not entirely bad news. The first blow is the decline of GM.
June 27th, 2008 | Dan Denning | 4 comments | Continued
