Monthly Archives: December 2008

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

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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

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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

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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

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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

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