S&P 1115.10(-11.32); Dow I 10428.05(-120.46)Nas 2269.15(-22.13) 10YrT.Y3.84% (+0.05%)Euro1.4321(0.0013)
Stocks jumped about 60% from March lows but still 26% lower than its Oct 2007 highs.Boom years do not follow boom years,gains will be less substantial.Goldman stock was at 59.20 in Jan and ended at 168.64.Financial stocks to continue rise.Thompson Reuters expect 12 % growth in the equity market,much of it driven by Banks and Investment stocks,but many obstacles remain.( NY Times)
Paul Kangas, PBS' Nightly Business ' anchor for 30 yrs retires and NeelT.Kashkari joins PIMCO.
Friday, January 1, 2010
Sunday, November 22, 2009
Friday 20,2009
Stock Markets finished lower ( S&P1,091.38(-3.52);Dow 10318.16(-14.28);Nasdaq 2146.94 (-10.78);Euro $1.4857(-0.0062)
1.Investors worried about the speed 0fthe recovery,questioned the fast rise of tech stocks.
2.Some analysts are worried that remarkble Eight month rally might be showing signs of retreat.
3.Volume is up because of high frequency trading but not because oflong time investors.
4." we have a market that is propped up on hope and short-term type trading.Once investors loose confidence,and peoplerealize you're not necessarily going to see a vibrant economy soon,this could unravel quickly" Mr.Saluzzi,co-head of equity trading at Themis trading.
5."we have yet to see the widespread optimism and the high levels of public partipation charcteristic of a speculative market" Carmine Grigoli ,Chief investment strategist at Mizuho securities USA.
6.The uptrend remains under pressure,but Fridayaction seemed to suggest that both bulls and bears were too tired to run very far.
7.Stocks edge lower in flight to safety because of extreme aversion to risk when investors are willing to accept little or no return for the safety of stashing with U.S. Government
8.Leaders up in volume:
1.Jinpan international ,Longtop Financial technologies
9.Leaders down in Volume:
2.Ebix
1.Investors worried about the speed 0fthe recovery,questioned the fast rise of tech stocks.
2.Some analysts are worried that remarkble Eight month rally might be showing signs of retreat.
3.Volume is up because of high frequency trading but not because oflong time investors.
4." we have a market that is propped up on hope and short-term type trading.Once investors loose confidence,and peoplerealize you're not necessarily going to see a vibrant economy soon,this could unravel quickly" Mr.Saluzzi,co-head of equity trading at Themis trading.
5."we have yet to see the widespread optimism and the high levels of public partipation charcteristic of a speculative market" Carmine Grigoli ,Chief investment strategist at Mizuho securities USA.
6.The uptrend remains under pressure,but Fridayaction seemed to suggest that both bulls and bears were too tired to run very far.
7.Stocks edge lower in flight to safety because of extreme aversion to risk when investors are willing to accept little or no return for the safety of stashing with U.S. Government
8.Leaders up in volume:
1.Jinpan international ,Longtop Financial technologies
9.Leaders down in Volume:
2.Ebix
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