Also of note, if you believe in the 'buy and hold' stock investment philosophy, your investment has returned a big fat ZERO in 8 years; it pays to protect your assets and to exit the market whenever the trend turns negative.
Stocks, bonds, and gold all rallied this week! This isn't normal so I expect one of these to pull back next week.
New Unemployment claims for this week were over the half million mark again (550,000).
Three more banks were shut were down by regulators (list).
Commodities: Oil prices closed around $69 per barrel, Natural gas rallied a bit to close around $3.00. Gold finally closed above $1000, a record close. The US Dollar index continued to fall, closing just over 76. Bond prices were up for the week.
Next week we get more economic reports -PPI, CPI, Retail sales, and housing. Friday also marks expiration day for options and futures contracts.
Market analysis: The market continues to rally, though bonds also rallied this week. Normally these trade in opposite directions, so next week we could see stocks or bonds reverse course. Meanwhile the weak dollar continues to support the rally in stocks and in gold.
Is this rally for real?
Insiders sell like there's no tomorrow
U.S. Foreclosure Filings Top 300,000 for Sixth Straight Month
Obama imposes tariffs on Chinese tires
Dear Chairman Bernanke -The Chinese send their congratulations.
China Raises the Money-Printing Alarm
Beijing Backs Derivatives Fights
Federal deficit surges to $1.38 trillion through August
The Trade Deficit Threatens Our Recovery
Understanding the Inflation In the Pipeline
The dilemma of the diving dollar
A Year Later, Little Change on Wall St.
Credit Rating Firms Moody’s, Standard & Poor’s And Morgan Stanley Are Running Scared...
WaMu: The forgotten bank failure
In Florida, Vestiges of the Boom
Construction Loans Falter, a Bad Omen for Banks
As an Exotic Mortgage Resets, Payments Skyrocket
Posts
No comments:
Post a Comment