November 25th, 2009 // comments (0)

RE: WATCH THE DOW TOMORROW

Mixed Bag: Consumer spending up/Jobless claims drop/ Home sales rise. But none of the newly released numbers are very remarkable…

Market Watch:

November 24th, 2009 // comments (0)

WATCH THE DOW TOMORROW

Loads of economic data coming out tomorrow AM:

Weekly jobless claims are expected at 8:30 a.m., along with October durable goods, personal income, and consumer spending. Consumer sentiment is released at 9:55 a.m. and new home sales are released at 10 a.m. Jobless claims could be below 500,000 for the first time in months.

Ready the mattresses…

March 5th, 2009 // comments (0)

Market Oracle Predicts Slow Recovery

Here’s middle-of-the-road economic forecaster Mark Zandi…:

Q: Will things get worse?

A: Yes, measurably worse.

Q: The administration sees strong growth from 2011 to 2015, and a solid 3.2 percent next year. Agree?

A: I think those are roughly reasonable, but they are much too optimistic for 2009 and 2010.

Q: How bad will the job market get?

A: I think the peak unemployment rate will be 9.5 percent in Q2

…

March 5th, 2009 // comments (0)

Markets Down In Midday Trading

Hey, who wants to watch their 401k disappear live? No takers?

NEW YORK (AP) — Investors are having another change of heart and are selling stocks once again as a brief burst of optimism disappeared.

A ‘brief burst’ indeed. Negative news including another bailout in China, that GM bankruptcy possibility we hit on the Twitter feed, and a decline in factory orders seem to be driving things downward. When will the trend break?

March 4th, 2009 // comments (0)

Dow Up During Mid-Day Trading

NEW YORK (AP) — Stocks are higher in midday trading as investors sift for bargains after five straight days of heavy selling.

Investors hungry for any signs that the economy could turn around soon got some encouragement from a government plan to help struggling homeowners and hope for a Chinese economic stimulus package. Industrial and commodity-related stocks, boosted by a sharp increase in oil prices, are leading the market.

A

March 2nd, 2009 // comments (0)

Dow Tumbles, Closes Below 6,800

NEW YORK (AP) — The Dow Jones industrial average has fallen below 7,000 for the first time in more than 11 years.

The market, battered by the recession and worries about financial companies, tumbled again Monday after insurer American International Group Inc. posted a staggering $61.7 billion in quarterly losses and accepted another bailout from the government.

Take a look at the board… down to 6,763 at the closing bell.

Experts…

March 2nd, 2009 // comments (0)

A.I.G Gets More Cash, Dow Drops

A.I.G lost $61.7 billion in the fourth quarter. That announcement, partnered with an announcement by the government of $30 billion more in federal aid flowing to the investment group, may have the Dow below 7,000 at the opening bell.

Anyone getting that sinking feeling?

February 26th, 2009 // comments (0)

Market Watch: 02/26/09

Dow futures are up… and it looks like the market may follow them:

This chart will update in real-time as the day progresses…

February 25th, 2009 // comments (0)

Market Watch: How Will The Dow React?

So far, we’re looking at a mixed open in reaction to the President’s speech:

If you watch the speech last night, you may have heard a few jabs at the investment community. Still, the overall tone of the speech was quite positive — so can the Dow continue to build on yesterday’s strong uptick in the wake of Bernanke’s comments?

Later today, Bernanke will resume testimony on Capitol Hill.

Also, we’re expecting a semi-positive housing number today.

February 23rd, 2009 // comments (0)

Dow Beginning To Flirt With 7k

Down more than 250 points today — The Dow falls to 1997 levels:

The Dow Jones industrial average is down 250 at 7,114. The Standard & Poor’s 500 index is down 26 at 743, while the Nasdaq composite index is down 53 at the 1,387.

January 14th, 2009 // comments (0)

Dow Hammered In Early Trading

Year to year retail sales were only down 1/10th of a percent but December numbers were bad enough to shock Wall Street into another large sell off this morning.

At 11:33AM EST — Down 238 points.

NEW YORK (AP) — A dismal reading on retail sales and worries about the banking industry pounded stocks early Wednesday. Major stock indexes lost more than 2.5 percent, including the Dow Jones industrial average, which fell 235 points.

December 16th, 2008 // comments (0)

Stocks Rally After Fed Cut

Wall Street is applauding an unusual move from the Federal Reserve to cut its target for a key interest rate to the lowest level on record. Stocks are extending their gains Tuesday following the central bank’s decision to lower its fed funds target rate to a range of zero to 0.25 percent to align with where rates have been in the eyes of the market.

A close above 9k would be a very positive development for the market.

November 26th, 2008 // comments (0)

Markets Close Up For Third Day

NEW YORK (Reuters) – Stocks climbed on Wednesday as bargain hunting in the tech sector and renewed hopes of a General Motors bailout helped investors shrug off data depicting a worsening global economic downturn.

Wall St. has a fever… and the only cure is more bailouts. Is GM next?

November 19th, 2008 // comments (0)

Slump: Dow Closes Below 8000

NEW YORK (AP) — Wall Street hit levels not seen since 2003, with the Dow Jones industrial average falling below the 8,000 mark, as the fate of Detroit’s Big Three automakers and the economy disheartened investors.

Stocks finished at their lows of the session after the automakers pleaded for relief during a second day of hearings in Washington. The heads of General Motors Ford and Chrysler are asking for a massive

…

November 5th, 2008 // comments (0)

Barack Obama Wins, Dow Tumbles

In late morning trading, the Dow Jones industrial average fell 146.87, or 1.53 percent…