All time Highs
| All time Lows
Maybe it's better to short these things! ...or just avoid them in a bull market. |
New unemployment claims declined this week, coming in at 456,000 (chart).
This week seven more banks were shutdown by the FDIC! (list).
Next week: We get a couple of economic reports, including GDP numbers, another barrage of earnings reports, along with a Fed meeting, and the government borrowing another $129 billion.
Earnings reports next week:
| Mon | Tue | Wed | Thu | Fri |
| BLK, CAT, BSX, TXN | MMM,DD,F, X,BRCM,XL | ABX,BIDU, ESRX,GG, GMCR,V | CME,XOM,OMX PRGO, | CVX,HON,SLB |
Market commentary: The rally continues. If we get a similar reaction to earnings as we did last week, we will see more up-side action. The market has been up 8 weeks in a row, and many traders are looking for a correction. Don't get caught trading in the wrong direction though!
Commodities:
Oil prices were up, closing around $85 per barrel.
Natural Gas rallied to close just over $4.25.
Gold prices recovered somewhat, closing around $1153.
The US Dollar index closed near 81.5 (mostly unchanged).
The 30 year Bond dropped, closing just over $116.
News:
Stocks: 8 weeks up and counting
New-home sales surge 27% to 411,000 pace
Apple tops Microsoft on S&P 500, index's guardian says
What happened to Microsoft?
Federal Debt Crisis in the U.S.? Nothing to Worry About
GM In Hot Water With FTC Over Misleading “Repaid Bailout” Ad...
GM Still Owes Us
Goldman Bragged of 'Serious Money' Off Subprime: E-mails
Big banks mint money again: $18.7 billion
Why the SEC Is Warning Investors About Leveraged ETFs
The euro's demise
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