Posts Tagged ‘recovery’
Bernanke calls financial future unclear
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 down [...]
Bulls ready for another Dow push?
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 indicate [...]
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 downward [...]
Standard & Poor grades Greek economy as junk
In another blow to the European recovery, Standard & Poor has now downgraded Greece to a junk nation. While this may not come as a surprise, the effect may become bigger than expected.
Greece has severely harmed the EU recovery and in a way also the EU formula. In breaking the rules and misleading their fellow [...]
