Monthly Archives: November 2008

monday update

SHORT TERM: market rallies on Citigroup deal, DOW +397 Overnight the US government announced a deal to help stabilize the troubled financial giant Citigroup: http://www.federalreserve.gov/newsevents/press/bcreg/20081123a.htm. The Asian markets were relatively unaffected as they closed mixed. Europe, however, opened higher and closed … Continue reading

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weekend update

REVIEW Despite the US market rallying over 6% on friday it was still a nasty week. The SPX broke through its 2002 low on thursday, wiping out the 2002-2007 bull market in only 13 months. For the week SPX/DOW were … Continue reading

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thursday update

SHORT TERM: SPX breaks through 2002 lows, DOW -445 Overnight the Asian markets were all substantially lower. Europe opened lower and closed -3.15%. US index futures were flat to higher overnight, and at 8:30 the weekly Jobless claims were reported at … Continue reading

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wednesday update

SHORT TERM: downtrend makes slightly lower lows, DOW -427 Overnight the Asian markets ignored the rally in the US yesterday and were mostly lower. Europe opened lower and closed -4.85%. US index futures were lower overnight, and at 8:30 the … Continue reading

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tuesday update

SHORT TERM: another volatile day, DOW +151 Overnight the Asian markets were all lower. Europe opened lower but closed +1.15%. US index futures were relatively quiet overnight, and at 8:30 the monthly PPI was reported at -2.8% v. -0.4%, but … Continue reading

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