Monthly Archives: August 2011

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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weekend update

REVIEW After last week’s rebound, which carried into mid-week, world equity markets headed south on thursday and friday. While the SPX/DOW were losing 4.35%, the 10 Year US Bond hit an all time low of 1.98%, and Gold soared to $1881 on friday. … Continue reading

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friday update

SHORT TERM: another gap down opening, DOW -173 Overnight the Asian markets were all lower. Europe opened lower and closed -1.6%. US index futures were lower overnight as well, and the market gapped down to SPX 1131 at the open. … Continue reading

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thursday update

SHORT TERM: big gap down opening starts day, DOW -420 Overnight the Asian markets were all lower. Europe opened lower and closed down 5.15%, the largest one day drop since the bear market began. US index futures, quite naturally, followed … Continue reading

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wednesday update

SHORT TERM: gap opening nine day streak ends, DOW +4 Overnight the Asian markets were mixed. Europe opened lower and closed -0.60%. US index futures were higher overnight, and at 8:30 the PPI was reported: +0.4% vs +0.4%. The market … Continue reading

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