Monthly Archives: January 2009

REVIEW The FED met this week in its regular FOMC meeting. Rates stayed near zero, they noted they may buy treasuries (monetizing the debt), and they are still looking for a second half recovery. The preliminary report on Q4 GDP was … Continue reading →

SHORT TERM: market resumes downtrend after Q4 GDP report, DOW -148 Overnight the Asian markets were mostly higher. Europe opened lower and closed -1.50%. US index futures were choppy overnight, and at 8:30 the much awaited Q4 GDP report was released: … Continue reading →

SHORT TERM: market gaps down and continues lower, DOW -226 Overnight the Asian markets were mostly higher. Europe opened lower and closed -2.20%. After the close yesterday the House passed President Obama’s stimulus plan without one Republican vote. Looks like … Continue reading →

SHORT TERM: market rally extends on "bad" bank proposal, DOW +201 Shortly after the close tuesday rumors circulated that the Treasury Dept, under its new secretary Geithner, was preparing to create a "bad" bank that would buy over $1 tln in … Continue reading →

SHORT TERM: market edges higher for third day, DOW +59 Overnight the open Asian markets were all higher. Europe opened flat and closed -0.20%. US index futures were higher overnight, then at 9:00 Case-Shiller reported housing prices continued to fall at … Continue reading →