Monthly Archives: January 2009

SHORT TERM: market starts the week with a rally, DOW +38 Overnight Japan was lower, most of the rest of the Asian markets were closed for holiday. Europe opened lower but closed +3.30%. US index futures started lower overnight but … Continue reading →

REVIEW A new year, a new president, but same old economic problems. In the US the economic reports for the week were about as expected: higher unemployment claims, and lower housing starts. On tuesday Obama was sworn in as the 44th … Continue reading →

SHORT TERM: early market selloff leads to late day recovery, DOW -45 Overnight the Asian markets were all lower. Last night the FED released its M1 multiplier report. This measures the velocity of money in the economy: http://research.stlouisfed.org/fred2/series/MULT. Europe opened lower as … Continue reading →

SHORT TERM: market has a choppy day on the downside, DOW -105 Overnight all the Asian markets were higher. Europe opened higher, but closed -0.60%. US index futures were higher overnight but then began to sell off with Europe. At … Continue reading →

SHORT TERM: market rallies after retesting yesterday’s low, DOW +279 Overnight all the Asian markets were lower. Europe opened lower but closed mixed. US index futures were higher overnight and the market gapped up at the open to SPX 815. … Continue reading →