As of today, I will begin a daily market update on the (note sarcasm) economic recovery and the USA’s ability to survive one of the worst depressions in history, because afterall, according to many experts we’ve now passed that phase. I felt the Austin Powers villain, Dr. Evil picture perfectly suits the overlods that run [...]
Ever since The New York Stock Exchange building opened on April 22, 1903, it has flawlessly followed a particular pattern that, even to this day, still stands: hope, greed, skepticism, followed by, fear, panic, despondency whereby the pattern is once again repeated by beginning with hope. It is a cycle that can either make or [...]
The S&P 500, SPDR (NYSE:SPY) has had an incredible run after gaining 3% in the past two days, especially given that is has been able to completely shrug off the negative fundamental data that has been pouring into the US markets. Expect the Financials Sector (NYSE:XLF) to take a haircut from recent gains, with Financials [...]
During these turbulent times in the economy, Direxion 3x Daily Bear Financials (NYSE:FAZ) looks to be a safe hedge against unforeseen events. In the past month we’ve had: North & South Korea exchanging fire with the US sending ships over to help, QE2, China publicly stating they will phase out the $USD, Ireland bailout leaving [...]
Well, count JPMorgan analyst Pavan Wadhwa among those who think the stress tests were a joke and that only bad can come now.Here are the key bullet points: The European bank ‘stress’ tests were anything but; just 7 banks failed with a paltry €3.5bn total capital shortfall… • …due to a lack of rigour in [...]
There’s been many letters and symbols used over the last year to describe the shape of the U.S. economic recovery. There’s the strong V-shaped recovery; the square root shaped recovery to connote a strong recovery followed by a period of flat to no growth; and the W-shaped recovery favored by those believing in a double [...]
On Friday at 16:00 GMT, the European stress tests results will be released. In the past few weeks, EUR/USD enjoyed weak American data, and also enjoyed the anticipation for the European stress tests. With the terrible European debt crisis, these results are supposed to show that the banks are stable, and to mark the end [...]
There was a steep drop, then a tremendous resurgence in the markets. Was that it? Is the pullback over? Don’t bet on it! Forecaster Harry Dent gives you an update on his research as to where we go from here, including a look at the equity markets and real estate. Find out what Harry Dent [...]
Ladies and gentlemen, the bear onslaught is upon us, so grab your torches and pitchforks because its about to get ugly in here. The seemingly endless kool-aid river from which the S&P 500 has been drinking from may have finally run dry. Yes, in a mere week of trading, more than 75% of S&P 500 [...]
By David Weidner, MarketWatch NEW YORK (MarketWatch) — Fairy tale season is about to begin. Wall Street banks and brokerages are readying second-quarter numbers for mass digestion. They’ll show healthy balance sheets, tolerable risk levels and have all the trappings of well-run companies. Don’t believe a word of it. If the second quarter is anything [...]
