ORCL continued a nice run up on high volume after reporting earnings; RIMM was also up after earnings.
New all time highs: CEO, CMI, DTV, FFIV, INTU, SAN, YUM, and GLD, SLW
Commodities continue to rally in the background!
New unemployment claims fell again this week to 450,000 (chart).
This week, six more banks were shutdown by the FDIC! (list).
Next week: (Economic reports link). There is a Fed meeting on Tuesday, along with several housing reports during the week (All eyes on housing this week). ADBE, GIS, and NKE report earnings next week.
Market commentary: This week may tell us the next trend in the market, now that the S&P is at the prior high of 1130. September also marks the end of the 3rd quarter, and the year end for many mutual funds, so really the market action for the next two weeks is anyone's guess. I'm leaning toward a continuation of the recent rallly, perhaps after a small pullback.
Want to invest in a market that's going up? Take a look at EWM...
Want high yield? look at:
Commodities (charts):
Oil prices were down, closing just under $74 per barrel.
Natural Gas was mostly flat, closing near $4.00.
Gold closed at an all time high, around $1276.
The US Dollar index was mostly unchanged, closing around 82.
The 30 year Bond saw little net change, closing just under $131 1/2.
News:
Wall Street ends week up, awaits Fed meeting
U.S. Stock Market Could Go Either Direction, Depending On Earnings Reports
3 Bears Threatening the New Goldilocks Economy
Americans struggle to regain their shrunken wealth
U.S. Home Seizures Reach Record for Third Time in Five Months
Japan Intervenes in Forex Market for First Time in 6 Years
Bank of Japan Intervention: What Happened Last Time? What's Next?
China's consumer price index jump 3.5%
Gold prices set record high on economic worries
Will Silver Now Take the Lead?
iPad Cannibalizing Half of Best Buy's Laptop Sales?
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