Stock Market Update -Aug 30th

The market was more or less flat for the week. New Unemployment claims were below 600,000 again. And three more banks were shut down by regulators (list).

Commodities: Oil closed around $72 per barrel, while Natural gas closed under $3 again. Gold closed the week around $957, the US Dollar index was more or less flat for the week, likewise for Bond prices.



Market Analysis: The market seems to be stalling out at these levels as we close out August and summer trading. The 'pros' will be back starting next month so we'll see which direction they decide to take the market. Right now it's anyones guess, so I'll wait till we have a better signal on we are headed next.

Dow snaps winning streak
Intel raises outlook on PC sales optimism
Pace of Insider Sales Continues to Escalate
Can the economy recover if incomes remain flat?
FDIC: Number of troubled banks rises to 416
Meltdown 101: Why banks' struggles have worsened
AIG Is Dead, Long Live AIG
Junk bonds' best days might be behind

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