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Bernanke calls financial future unclear

Posted in News

Wednesday: In a testimony to Congress, Ben Bernanke said that “the economic outlook remains unusually uncertain”. If you had any doubts that the “recovery” is not doing well, the Fed Chairman with this and other signal mantains a unusually cautious tone regarding the state of the economic recovery process. Dow Jones took a marked turn [...]

Bulls ready for another Dow push?

Posted in Forecasting

The week start may have looked good but there is still a great sense of unease on DJIA and the global markets. Dow Jones Industrial keeps testing the very strong hurdles as the 10,300 level which is the Dow moving average for the last 3 quarters. Futures are.. ambivalent, and while not set in stone [...]

China lifts the Dow but not enough

Dow Live: Futures are up carried by positive numbers on Asian markets. On wednessday, the Dow closed under 10000 for the second time this year as the Europen problems continue to contaminate the financial climate. With all the focus on Greece and the European Union starting to bring forth the heavy armament to fight the [...]