Monthly Archives: September 2012

weekend update

REVIEW The pullback from new bull market highs continued for a second week. After a 16.4% gain over the past, nearly, four months. The market has pulled back 3.0% over the past two weeks. Quite normal for this stage of … Continue reading

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friday update

SHORT TERM: gap down opening, DOW -49 Overnight the Asian markets gained 0.1%. European markets opened higher, but lost 1.4%. US index futures were lower overnight. At 8:30 Personal income was reported: +0.1% vs +0.3%, and Personal spending: +0.5% vs +0.4%, … Continue reading

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thursday update

SHORT TERM: markets gaps up and rallies, DOW +72 Overnight the Asian markets were +0.4%. European markets opened higher and gained 0.4% as well. US index futures were higher overnight, but at 8:30 the final Q2 GDP was reported lower: … Continue reading

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Dry Bulk shipping industry

During the past decade or so nearly every sector of the transportation industry has run into serious Secular cycle problems. First it was the Airlines, then Trucking, then the Autos, and now Shipping. While the first three sectors appear to be … Continue reading

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wednesday update

SHORT TERM: market pullback extends, DOW -44 Overnight the Asian markets lost 1.0%. European markets opened lower and lost 2.1%. US index futures were lower overnight, and the market opened one point under yesterday’s SPX 1442 close. Right after the … Continue reading

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