Monthly Archives: August 2011

thursday update

SHORT TERM: market pulls back ahead of Bernanke, DOW -171 Overnight the Asian markets were mostly higher. Europe opened higher but closed -1.60%. US index futures were higher overnight, and at 8:30 weekly Jobless claims were reported higher: 417K vs … Continue reading

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wednesday update

SHORT TERM: market drifts higher in choppy session, DOW +144 Overnight the Asian markets were all lower. Europe opened higher and closed +2.10%. US index futures were lower entering the open, and at 8:30 Durable goods orders were reported much … Continue reading

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Jackson Hole speech?

Bernanke’s famous 2002 helicopter Ben speech: http://www.federalreserve.gov/boarddocs/speeches/2002/20021121/default.htm So what then might the Fed do if its target interest rate, the overnight federal  funds rate, fell to zero? One relatively straightforward extension of current  procedures would be to try to stimulate … Continue reading

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tuesday update

SHORT TERM: market stages big rally, DOW +322 Overnight the Asian markets were all higher. Europe opened higher and closed +0.85%. US index futures were lower then higher overnight and the market opened higher at SPX 1129. The SPX had … Continue reading

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monday update

SHORT TERM: market gaps up then a volatile session, DOW +37 Overnight the Asian markets were mixed. Europe opened lower but closed mixed. US index futures started lower overnight and then rallied. At the open the SPX hit 1136 and … Continue reading

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