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 | ContinuedAll Posts Tagged With: "dow"
Markets Rally as China Sets to Aid European Bailout
Stocks up 339 points on the Dow! Gold at $1,747! Oil over $90!
Forget all of our worries about another big swing down in asset prices…about a Japan-like slump that could last a generation…about gold at $1,200 and the Dow at 6,000…
..we were wrong, wrong, wrong- the markets rally!
October 31st, 2011 | Bill Bonner | 0 comments | Continued
Trending Toward Randomness
But what we were wondering about is the idea that stocks move in long trends that take them from epic highs to epic lows. Of course, it is obviously true. Stocks go up and down. They’re bound to hit extreme highs and extreme lows from time to time. Then, when you look at the pattern, it’s going to look like …
May 11th, 2010 | Bill Bonner | 3 comments | Continued
Hoist the Crash Alert Colours!
Was it just a mistake? Something weird? Was it a genuine panic…and a phony bounce? Or a phony panic and a genuine bounce? The story last night was that the sell-off was a mistake…that someone hit the wrong button and added a zero. We don’t believe it. Traders must add zeros by mistake all the time.
May 10th, 2010 | Bill Bonner | 2 comments | Continued
Algoholics Anonymous
Your editor’s phone began buzzing this morning shortly before 6am with texts asking us to turn on CNBC. There we saw what you saw: the Dow Jones had its largest-ever intra-day decline since 1987. The index fell nearly 1,000 points and almost ten percent as about $1 trillion in market value briefly got wiped out.
May 7th, 2010 | Dan Denning | 38 comments | Continued
Volatility in the Police State
Stocks trade around 20 times earnings now…and the Dow is about 10 times the price of gold. Sometime in the future, you’ll probably be able to buy Dow stocks at 5 times earnings and maybe only 1 times the price of gold. Three thousand seems like a likely target, because that would move stock prices down into the right range from a P/E standpoint…
May 6th, 2010 | Bill Bonner | 6 comments | Continued
How Does an Economy Expand When the Banks are Lending Less Money?
We believe the “expansion” reported in the GDP figures is mostly counterfeit. It’s government spending and hot money filtering into the economy.
March 4th, 2010 | Bill Bonner | 0 comments | Continued
No Way Today’s Economy is Going Back to What it Was Pre-2007
The bubble of the pre-2007 period was pumped up by consumer spending financed by housing debt. Ain’t no way that can happen any time again soon.
December 9th, 2009 | Bill Bonner | 4 comments | Continued
Stock Market Should Never Have Been Rallying in First Place
The economy still stinks, they say, and it is showing no signs of recovering. In fact, a close look at the housing market tells you all you need to know about the economy…
November 24th, 2009 | Eric J. Fry | 5 comments | Continued
People Without Jobs Can’t Make Mortgage Payments
Housing and employment numbers are weak. What’s going on? Maybe this recovery is not a sure thing after all.
November 23rd, 2009 | Bill Bonner | 0 comments | Continued
Big Drops in Stock Prices Are Always Followed by Bounces
A bounce of 50% of what was lost is not unusual. That’s what happened after the Crash of ’29, for example. So, there’s nothing exceptional about what we’re seeing on Wall Street.
November 17th, 2009 | Bill Bonner | 1 comment | Continued
Another Big Wave of Foreclosures
“Rising unemployment and a new variety of mortgage resets continued to gradually shift the nation’s foreclosure epicenters in the third quarter away from the hot spots of the last two years…
November 11th, 2009 | Bill Bonner | 13 comments | Continued
A Trader’s Market or an Investor’s Market?
Is it a fragile little market after all? You can’t really tell by appearances. For example, the world’s largest bond insurer (MBIA) fell 27% in New York trading. It reported a $727.8 million loss in insured credit derivatives. Yes…those credit landmines are still out there.
But the proper question – if you’re sitting on the fence about this move – is how broad the rally is.
November 11th, 2009 | Dan Denning | 2 comments | Continued
The Fed Has Put a Rocket Under the Market
The unconventional wisdom is that the Fed has learned nothing from the last bubble – or is so scared of deflation it’s willing to gamble on another bubble in asset prices. The trouble , the eventual bust in asset prices has to be reckoned up. And the Fed, along with all central banks who key off the Fed’s policy, are just kicking the can down the road, hoping asset values improve.
November 10th, 2009 | Dan Denning | 7 comments | Continued
We Can Expect More and More People to Want to Own Gold
Gold seems to be advancing towards a new milestone – $1,100. Makes us nervous. We always feel more comfortable out in the wide, open spaces…
November 9th, 2009 | Bill Bonner | 1 comment | Continued
