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Markets Around The World Getting Smoked — Dow On The Verge Of Falling Below 15,000 Markets across Europe just closed at their lowest levels of the day.
The London FTSE 100 fell 2.1%, the French CAC 40 fell 1.9%, the German DAX lost 1.2%, the Spanish IBEX 35 retreated 0.9% and the Italian FTSE MIB fell 1.0%. European markets are now trading at six-week lows. Meanwhile, in the United States, the Dow Jones Industrial [...] Sellers Starting to Emerge in the Bull Market The stellar rally in global equity markets appears to be far from over. Still, some market watchers say they are starting to spot something that they haven’t seen for a while: sellers moving back in. Fueled by monetary stimulus from major central banks, stock markets in the U.S., Europe and Asia have enjoyed seven months of strong gains, with the Dow Jones Industrial Average [...] BofA’s Moynihan: There’s No Magic Bullet for US Economy Bank of America CEO Brian Moynihan sees nothing flashy in the comeback of the American economy — just a slow and steady slog that will continue. Moynihan told The Globe and Mail he still observes an abundance of caution among the bank’s clients, both business owners and entrepreneurs, despite it being five years since the 2008 financial crisis. “They are pretty conservative right now [...] Stocks opened higher Tuesday, with the S&P 500 extending its recent rally to a fresh high and the Dow trading near 15,000, lifted by gains in Europe and Japan. The Dow Jones Industrial Average crossed above 15,000 to hit an all-time intraday high of 15,013.43. Caterpillar and JPMorgan led the blue-chip gainers. The S&P 500 and the Nasdaq also rallied. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded below 13. http://www.cnbc.com/id/100715566 Sell in May and Miss a Chance to Buy Gold Stocks Cheap, Warns Bob Moriarty JT Long of The Gold Report (4/26/13) What is up—the Dow Jones Industrial Average and Standard & Poor’s 500—will come down and what is down—gold equities—will go up fast, predicts the ultimate contrarian investor, Bob Moriarty. In this interview with The Gold Report, the president of 321 Gold proclaims that while all gold stocks are cheap right [...] Dow 14,550-1120.76% 3,219-361.10% S&P 500 1,554-161.03% http://www.marketwatch.com/ Market indicator favored by Buffett flashes red The last 2 times this happened, the market tumbled sharply. Is the Oracle right this time? The economy and the market Empty Walmart Shelves Show The Biggest Problem With The US Economy Walmart customers across the country are complaining that many stores have trouble keeping items stocked. This is being reported by Renee Dudley at Bloomberg News, who notes that the workforce has fallen by 120,000 since 2008, and that in the same time the company has added several hundred locations. This actually speaks trend at Walmart represents a bigger problem with the U.S. economy. Companies have expanded [...] Pimco’s El-Erian: Stock Market Rally Is ‘Artificial’ The impressive stock market rally is “artificial,” being driven by central banks’ super-low interest rates, says Mohamed El-Erian, CEO and co-CIO of Pimco. Going forward, the market will need more “genuine growth” in the form of strong corporate balance sheets and robust economic activity and less “assisted growth” from central banks, El-Erian writes in a blog for CNBC. That transition will probably occur in the [...] by GoldCore
Today’s AM fix was USD 1,593.25, EUR 1,219.39 and GBP 1,051.23 per ounce. Gold was marginally higher yesterday and silver marginally lower. Gold rose just 20 cents and closed at $1,588.50/oz. Silver fell 15 cents to close at $28.75/oz. Silver is trading at $28.80/oz, €22.40/oz and £19.20/oz. Platinum rose to $1,587.25/oz, palladium to $771.00/oz and rhodium stayed at $1,250/oz. Gold [...] Dow at Record Highs, but U.S. Economy Continues to Worsen By George Leong The Dow Jones Industrial Average is firing on all cylinders, trading at a record high. The S&P 500 is also close to its all-time record. Technology and small-cap stocks are blazing along. The amount of new stock market wealth created in the first week of March and in 2013 has been great. Add in the better-than-expected jobs numbers and a [...] The Dow Jones Industrial Average set a new all-time high this week. And the S&P 500 is within points of its October 2007 high. Now what? S&P Capital IQ’s Sam Stovall believes the odds suggest we’re going to go back down again, at least for a bit. He compares the situation to the story of Pheidippides, the Marathon messenger, who made it all the way to only to his destination instantly perish: If history [...] CHART OF THE DAY: Investors Are Getting Really Pessimistic Despite the rally. In the wake of the Italian elections, bullish sentiment measured by the American Association of Individual Investors (AAII) plummeted from a high of 41.8 percent down to as low as 28.4 percent last week. Meanwhile, the Dow Jones Industrial Average continued its bullish march to an all-time high. This week, AAII bullish sentiment ticked up to just 31.1. This is well below [...] Why this could be the most dangerous rally in history A small note on the frankly hilarious news that the Dow Jones Industrial Average smashed through to all-time highs. First of all, while stock prices are soaring, household income and household confidence are slumping to all-time lows. Employment remains depressed, energy remains expensive, housing remains depressed, wages and salaries as a percentage of GDP keep falling, and [...]
Eating the Dow for Breakfast by Adrian Ash BullionVault Wednesday, 6 March 2013
How to get past money illusion now that it’s day-break in America once again…
FORGET about the Apple effect. Not including AAPL in its 30 constituents is just one of the Dow Jones Industrial Average’s many quirks.
So too is its ever-changing Dow divisor, a number seemingly picked at random to smooth out the math in the DJIA. But neither of these oddities [...] Why There’s a Bull Market for Stocks And Bear Market for Workers The corporate recovery. Wednesday the Dow Jones Industrial Average rose above 14,270 – completely erasing its 54 percent loss between 2007 and 2009. The stock market is basically back to where it was in 2000, while corporate earnings have doubled since then. Yet the real median wage is now 8 percent below what it was in 2000, and unemployment remains sky-high. Why is [...] by Gold Core Today’s AM fix was USD 1,574.00, EUR 1,207.98 and GBP 1,043.42 per ounce. Silver is trading at $28.68/oz, €22.10/oz and £19.09/oz. Platinum is trading at $1,596.70/oz, palladium at $736.00/oz and rhodium at $1,200/oz. Gold rose $1.20 or 0.08% yesterday in New York and closed at $1,575.00/oz. Silver surged to a high of $29.07 and fell down to $28.51, but [...] PAPER: Dow Jones speeding on Fed steroids Like all good things, the performance-enhancing policies must come to an end. Four years after the stock market hit bottom, it is flirting with an all-time high. On Monday, the Dow Jones industrial average enjoyed its second highest close ever and was just 37 points away from a new record — more than double its level during the dark days of March 2009. The turnabout is testament to [...] Stocks opened higher Tuesday, with the Dow Jones Industrial Average topping its all-time high, boosted by upbeat economic data from Europe and as China pledged to meet its growth targets. http://www.cnbc.com/id/100522542 Dow Jones Opens At All-Time Highs On October 11th 2007, the ‘old’ Dow Jones Industrial Average reached its previous all-time high of 14,198.10 (with the all-time closing high of 14,164.5 on October 9th) as plans for the MLEC were rumored to save [...] DOW Nears All Time High Despite US Economy Barely Growing Dow nears all-time high By the close, the Dow Jones Industrial Average DJIA -.00% was 89 points from its record high finish of 14,164.53 on Oct. 9, 2007, while the S&P 500 SPX +0.12% was less than 50 points from its loftiest close of 1,565.15, reached the same day. Slow Going: GDP Growth Inches Up The U.S. economy barely grew [...] Ian Gordon: Economic Winter Could Thaw Gold Equities Brian Sylvester of The Gold Report (2/6/13) Ian Gordon has said it before: we’re on the edge of an economic maelstrom that will breathe new life into the gold exploration industry. While his cautionary tales may be beginning to sound like the boy who cried wolf, Gordon, the founder and chairman of Longwave Group, gives some persuasive evidence to support his doomsday scenario for [...] Sucker Alert? Insider Selling Surges After Dow 14,000 Insiders have been pulling out of stocks just as small investors are getting in. Selling by corporate executives has surged recently as the Dow Jones Industrial Average hit 14,000 and retail investors flooded into stocks. The amount of insider selling has usually preceded market selloffs. “In almost perfect coordination with an equity market that was rushing toward new all-time highs, insider sentiment has weakened sharply [...] SHOCK: U.S. ECONOMY SHRINKS As DOW Is Flirting 14000. GDP Shows Surprise Drop for U.S. in Fourth Quarter The U.S. economy posted a stunning drop of 0.1 percent in the fourth quarter, defying expectations for slow growth and possibly providing incentive for more Federal Reserve stimulus. The economy shrank from October through December for the first time since the recession ended, hurt by the biggest cut in defense spending in 40 years, fewer [...] from Gold Money News: James Turk: “Recalling that gold was $350 back in 2003, and the DOW Jones Industrial average was about 9500, I forecast that gold and the DOW would be 8,000 some time between 2013 and 2015. Given that that this time frame is now upon us, I would like to discuss the basis on which I made that forecast, and more importantly, update it in one significant way; I now [...]  THE MADNESS OF A LOST SOCIETY 3 from SGT: Another ‘Black Friday’ has come and gone. And it has left us with further evidence of the complete madness of the populace of our nation. America has been dealt a fatal blow by corporate greed, Bankster malfeasance and the insidious nature of collectivism – and it’s all been done to us by design. This is the Madness of a Lost Society, one last [...] Waiting around for Black Friday data on retailers is a worthless guide to how the stock market will perform through the end of the year, says Mark Hulbert. In fact, there is some evidence that those reports could be counter-intuitive. Hulbert reviewed Black Friday data all the way back to the early 1980s and found an inverse inverse correlation with stock performance. from MarketWatch: Waiting with bated breath to find out how [...] Commentary: 10-part test: rational investing in irrational markets By Paul B. Farrell, MarketWatch New record? Yes. Dow 14,165, “almost there” says Barron’s in its latest Big Money poll. Still, hedge your bets: “After three years of handsome returns for U.S. stocks,” optimism about 2013 is “waning as the list of things to worry about grows longer.” The big worries: “Corporate earnings growth is slowing, there’s the threat of war in the [...] |
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