The Dow closes under 10000
Well, there we have it. The Dow closed under the magic 10K for the first time in half a year. The interesting part is that the industrial funamentals are not too shabby. What does that tell you?
For tomorrow, keep an eye on the Coca Cola Company. For the rest of the week. Play on a weak DJIA.
Popularity: 1% [?]
DJIA hovers on the 10000 mark
The Dow started the week with an expected loss before rebounding towards the even mark. The financial markets are still troubling the Dow and global markets while energy and futures are up. The financials and BAC continue to haunt the life out of the Dow and the ghost of financial mismanagement will probably be around until mid-spring. Keep in mind that Obama´s coutermeasures are still not even live.
Asia is weak and Europe is a storm waiting to erupt from debt. The bottom line here is that the stock markets are not buoyant and the Dow must be expected to stay below the 10000 mark. This is not recession and it is not recovery. This is progression.
Play the options on fall.
Popularity: 1% [?]
Dow dips towards 4 digit scenario
January ends with a distinct sense of slack enthusiasm on Dow Jones and most other markets. While Nasdaq and S&P 500 are taking heavier beatings the DJIA under 10000 triggers a sense of foreboding. You might want to attribute it to recovering gains but looking at the bigger image, recovery on a national and global scale is still barely taking baby steps.
Are you ready to take on the four digit Dow?
Popularity: 6% [?]
Senate supports Bernanke for second term
Pub Domain Photo Federal Reserve
The battle and debate over Bernanke has been lively and while he is credited with navigating USA through the economic minefield, many are of another opinion. It was essentially Bernankes decision to open the cash purse and shift billions of dollars to support the financial sector in late 2008.
Bernanke took office in February 1, 2006, as Chairman and a member of the Board of Governors of the Federal Reserve System. He is also Chairman of the Federal Open Market Committee, which is the Fed System´s monetary policymaking entity.
Bernanke´s membership of the Board is a full 14-year term that lasts until January 31, 2020. The four-year term as Chairman which would have ended in January 31 is now another four-year term.
If Bernanke is the right man for the job is left to be seen. There is a lot to do and while Banks are going on green, unemployment is a real hazard to the nation.
Next week will be another bumpy one.
Popularity: 7% [?]
