Monthly Archives: December 2008

wednesday update

SHORT TERM: market continues to rally, DOW +108 Overnight the Asian markets were mixed. Europe opened higher and closed +0.90%. US index futures were slightly higher overnight, and at 8:30 the weekly Jobless claims were reported to have declined: 492K … Continue reading

Posted in Uncategorized | 75 Comments

tuesday update

SHORT TERM: market gains despite more negative news, DOW +184 Overnight the Asian markets were mixed. Europe opened higher and closed +2.95%. US index futures were quiet overnight, and at 9:00 Case-Shiller reported national housing prices were down 18% in … Continue reading

Posted in Uncategorized | 50 Comments

monday update

SHORT TERM: market drifts lower on light volume, DOW -32 Overnight the Asian markets were mostly higher. Europe opened higher and closed +2.05%. US index futures were flat overnight, and the market opened unchanged this morning. After pausing for about 15 … Continue reading

Posted in Uncategorized | 49 Comments

weekend update

REVIEW Economic reports continued to weaken in Q4, while the final revision for Q3 GDP held steady at -0.5%. The equity markets have certainly quieted down during this holiday season. The entire 4% range for the week was accomplished between the … Continue reading

Posted in Uncategorized | 61 Comments

friday update

SHORT TERM: market edges higher in quiet day, DOW +47 Overnight and over the holiday the Asian markets were mixed. Europe was closed both days. US index futures opened this morning with a positive bias and the market opened higher … Continue reading

Posted in Uncategorized | 8 Comments

wednesday update

SHORT TERM: market drifts higher in quiet trading, DOW +49 Overnight the Asian markets were mostly lower. Europe opened lower and closed -0.55%. US index futures were relatively flat overnight when at 8:30 the weekly Jobless claims were reported to … Continue reading

Posted in Uncategorized | 30 Comments

tuesday update

SHORT TERM: market pullback continues, DOW -100 Overnight the Asian markets were all lower. Europe opened higher and closed mixed. US index futures were slightly higher overnight, and at 8:30 the final Q3 GDP was reported at -0.5%. The market rallied … Continue reading

Posted in Uncategorized | 37 Comments

monday update

SHORT TERM: market pulls back to start the holiday week, DOW -59 Overnight the Asian markets were mixed. Europe opened lower and closed -1.05%. US index futures were higher overnight but faded, and the market opened essentially unchanged from friday’s … Continue reading

Posted in Uncategorized | 44 Comments

weekend update

REVIEW With the economy continuing to weaken into a potential deflationary spiral. On tuesday, the FED lowered the fed funds rate to 0.25% and pledged to lower long term rates next by buying US government bonds. This will result in a direct … Continue reading

Posted in Uncategorized | 28 Comments

friday update

SHORT TERM: autos get bailout money, DOW -26 Overnight the Asian markets were mixed. Europe opened lower and closed -1.15%. US index futures were lower overnight but rallied in the morning when the white house announced a $17 bln bailout … Continue reading

Posted in Uncategorized | 16 Comments