Benchmarks ended Thursday’s choppy session mostly lower, dragged down by late selloffs in the utilities and energy sectors. The S&P 500 and the Nasdaq closed in the red, while Dow managed to finish in the green. The late selloff eroded the day’s earlier gains that came on the back of encouraging initial claims data and dovish comments from ECB President […]
RBNZ Raises OCR from 2.75% to 3.00%The Reserve Bank of New Zealand (RBNZ) was expected to raise the Official Cash Rate (OCR) from 2.75% to 3.00%. This is the 2nd rate hike from the 2.50% OCR that persisted since March, 2011. The RBNZ statement noted inflationary pressure several times, so it might pay to pay extra attention to inflation data […]
Amazon.comSee Also7 Books Every Leader Should Read, According To A Harvard Business School Professor Goldman Sachs Just Threw Stock Exchanges Under The Bus15 Outrageous Facts About 15 Central Park West, The World’s Most Powerful AddressMichael Lewis and his publisher have done an excellent job keeping the details of his new book, ‘Flash Boys: A Wall Street Revolt’, completely under wraps, […]
Benchmarks ended in the red zone, dragged down by declines in the Technology and Materials sector. Possibilities of further sanctions on Russia intensified selling pressure post mid-afternoon. The day’s initial gains, largely a result of encouraging durable orders numbers, were eroded by the end of the trading session.The Dow Jones Industrial Average (DJI) fell 0.6% to close Wednesday’s trading session […]
Morning technical analysis – 6 March 2014March 6, 2014 by Craig Erlam in Technical analysisEURUSDThe euro is continuing to look a little weak against the dollar, although we haven’t yet had confirmation that the trend has turned more bearish. The pair found support yesterday from a number of indicators, the middle bollinger on the daily chart, the 100-period SMA on […]
REUTERS/Alexander DemianchukRussia is already paying an economic price for its actions in Ukraine.The Russian Central Bank was forced to hike interest rates over night from 5.5% to 7% in order to stem the plunging Russian ruble.And the stock market crashed.The MICEX index, the country’s benchmark index, fell 12%.The market has already been quite bearish on Russian assets this year, particularly […]
What’s Happening in the Stock Market Today Reminds Me of 1999…Stock-Markets / Stock Markets 2014Feb 26, 2014 – 10:19 AM GMTBy: DailyGainsLetter
What year is this—1999?Some of you might have been active investors in the bull market during the late 90s, as I was, witnessing the S&P 500 soar during that decade. In fact, the bull market was […]
Submitted by Monty Pelerin’s World blog,Debt is the great palliative that has enabled the US and other major economies to escape reality, at least for a time. Ayn Rand described such behavior:
You can avoid reality, but you cannot avoid the consequences of avoiding reality.
It is possible to steal from tomorrow to improve today but only at the cost of having […]
John Hussman(chart and background h/t Claasen Research, James Goode, Thomas Bulkowski)Among the more unusual stock market chart patterns is the “three peaks and a domed house.”
Observed by a technician named George Lindsay, the formation includes 28 inflection points that basically look like three peaks and a domed house.Not too many people take the pattern too seriously. But some chart watchers […]
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