Monthly Archives: October 2008

SHORT TERM: market rallies to end a nasty October, DOW +144 Overnight the Asian markets were mixed, Europe opened higher and closed +2.2%. US index futures were lower overnight and at 8:30 the core PCE was reported unchanged at +0.2%, … Continue reading →

SHORT TERM: Q3 GDP -0.3% market rallies, DOW +190 Overnight the Asian markets soared after the FED announced late yesterday temporary currency dollar swap arrangements with several countries: http://www.federalreserve.gov/newsevents/press/monetary/20081029b.htm. Europe opened higher and closed +1.2%. US index futures were sharply … Continue reading →

SHORT TERM: choppy session as FED cuts rates to 1.0%, DOW -74 Overnight the Asian markets were mostly higher, Europe opened higher and closed with the FTSE +8.0% and the DAX down slightly. US index futures moved higher overnight but … Continue reading →

SHORT TERM: volatility works both ways, DOW +889 Overnight the Asian markets mostly rebounded strongly, Europe open higher and closed +6.6%. US index futures were sold off early overnight then rallied strongly heading into the morning. At the open the … Continue reading →

SHORT TERM: market opens lower, rallies, then fades, DOW -203 Overnight the Asian markets were down sharply, Europe opened lower but closed +1.2%. US index futures were under pressure overnight as SP made new contract lows. Coming off those lows and … Continue reading →