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The market is lower this morning, but not in any major way. Asian markets sold off overnight, and the dollar is up a bit, so some selling is not surprising. In economic news, third quarter GDP was revised lower to +2.8% from an initial estimate of +3.5%. The revision was widely expected, so not ...
Stocks
Dan Black
Medtronic
I mentioned last week that this market has no memory from day to day. The market ended last week on a subdued note, and it was hard to see what the catalyst might be to spur a rally this week. But overnight the dollar fell, Asian markets rallied, and buyers stepped in. Our markets opened strong, ...
Commodities
The market is lower today, after weaker than expected earnings from DELL weighs on the tech sector, and some weak reports from homebuilders weigh on that sector. Of course, the dollar is bouncing today and we know that rarely do stocks and commodities rise when the dollar is up lately. ...
Stocks
Dell
Stocks are sharply lower this morning on little news. There were a few economic reports, but nothing really market moving. My guess is that this selling could be related more to options expiration tomorrow. Often during expiration week, you get at least one big down day. I thought that after two ...
Stocks
Stocks are slightly lower in early trading after some weaker than expected housing data weighed on sentiment. The standout so far in this down tape are the bank stocks, which are bucking the weakness and trading solidly in positive territory. The leading stock is Bank of America ( BAC ), which ...
Stocks
Bank of America
John Paulson
The only question you need to ask lately is "what is the dollar doing?" This morning, the dollar is bouncing, and that is weighing on both stocks and commodities. Stocks are only modestly lower, after breaking out to new highs yesterday. Banks stocks are the strongest so far, while retailers are ...
Government
David Dollar
The buzz surrounding the yet to be released Apple Tablet is heating up. This article below sums up the hype-- NEW YORK (CNNMoney.com) -- Apple's lips are sealed about its widely rumored tablet computer, but technology experts are giddy about the device, already exclaiming it will be the gadget ...
Stocks
Apple Inc.
Steve Jobs
Asian markets rallied overnight, and that along with the dollar trading lower again set the tone for a positive open in the stock market. One of the things that helped boost sentiment in Asia was the leaders of the Asian Pacific Economic Cooperation pledging to maintain stimulus measures. Last ...
Stocks
Stocks are off to a strong start this morning, despite a worse than expected report on the US trade deficit . The weaker trade deficit will likely mean downward revisions to the third quarter GDP calculations. Speaking of GDP, news this morning that the Eurozone has officially emerged from ...
Stocks
Gross Domestic Product
We have talked lately about the strong inverse relationship between stocks and the dollar. Today is no exception, with the dollar getting a strong (and rare) bounce, and that is weighing on stocks. This led one market watcher we read to exclaim, "Stocks are the new commodities". There were more ...
Stocks
Day Trader
David Dollar
Wal-Mart
Hewlett-Packard
3Com
Not a lot of major news this morning, other than a few earnings announcements. Priceline .com ( PCLN ) was the standout that I saw. The company trounced estimates by 53 cents, and its stock is spiking +17% this morning to new highs. AIG is also getting a boost from comments by Moody's that ...
Stocks
Goldman Sachs
American International Group
mymoneylife.blogspot.com - 15 days ago
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mymoneylife.blogspot.com —
(Note: this post originally appeared on Sunday, 11/8)
The S&P 500 closed above its 50-day average for
the 2 nd day in a row on Friday, a good sign that the market is continuing to bounce from its recent oversold condition, and quite possibly has ...
(more)
Sentiment Indicators Point To Another Market Bottom
Comments
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Between the Hedges
found this 15 days agofound this
The market is up nicely this morning on the heels of the G-20 meeting over the weekend, where representatives reiterated their opinion that global stimulus needs to be maintained. If you looked at the futures last night, as I do, you would have seen that the markets were already reflecting this ...
Stocks
David Dollar
This morning's jobs report was weaker than expected. I have been saying that the incoming economic data will continue to be lumpy, and that we should not expect a smooth upward trajectory of improvement. The payrolls report showed the economy lost 190,000 jobs (vs. -175,000 consensus). The ...
Stocks
Steve Jobs
Starbucks
The market is rallying this morning on the heels of several better than expected economic and earnings reports. Cisco ( CSCO ) reported strong results last night, and also raised guidance going forward. The upbeat news was met with enthusiasm by investors, and is helping tech stocks lead the ...
Stocks
Retail Industry
Nordstrom
Hot Topic
The market is getting a nice bounce today on the heels of coming off extreme oversold territory, and what looks like some relief from the elections last night that maybe the healthcare reform will be more mild, and this has the HMO stocks rallying strong. Getting to the charts below, you can see ...
Stocks
The market finished on a nasty note last week. I thought we would see more month-end buying, but instead it looks like it was month-end selling on the part of mutual funds, most of whose fiscal year ends occur in October. For its part, the Nasdaq suffered its worst weekly decline since the ...
Stocks
My colleague Doug Kass at TheStreet .com is fond of saying this market has no memory from day to day. This is very true today, after yesterday's nice bounce is starting to look like a one-day affair. The Chicago PMI came in better than expected at 54.2 (vs. 49.0 consensus), but that did little ...
Stocks
The initial estimate of Q3 GDP was released this morning, and showed that the US economy bounced back at a rate of +3.5%. This figure is better than the 3.2% consensus estimate, and well above the 2.7% whisper number that Goldman's economist floated yesterday, that may have weighed on the market ...
Commodities
Recession
Gross Domestic Product
The chart above shows the US dollar etf ( UUP ), which tracks the direction of the dollar relative to a basket of other currencies. You can see the long slide that the dollar has endured, but this has coincided with a rise in the stock market. For the last four days, the dollar has been ...
