Wednesday, December 2, 2009
Market Comment 12 02 09
The stock market moved higher in November, but with deteriorating fundimentals. Volume steadily declined and market breadth was poor as small caps underperformed large caps. During the past two days, those negative internals have reversed. Volume and breadth have improved significantly and small caps have outperformed large caps.
Tuesday, December 1, 2009
Dubai mini-crisis has run its course
The mini-crisis resulting from Dubai’s debt problem last week appears to have run its course. The stock market may now resume its bull market uptrend.
Monday, November 30, 2009
US Dollar Retreats as Easing Fears of Dubai Default Boosts Risky Assets
LONDON, Nov 30 (Reuters) - The dollar weakened on Monday after the United Arab Emirates said it would stand behind banks in Dubai, soothing concerns about a looming debt default and prompting investors to sell dollars for other currencies and assets like stocks and commodities.
Asian stocks and U.S. stock futures rose after the UAE central bank pledged to provide emerging support to the region's banks and as Dubai's oil-rich neighbor, Abu Dhabi, offered to provide selective support to Dubai companies.
Asian stocks and U.S. stock futures rose after the UAE central bank pledged to provide emerging support to the region's banks and as Dubai's oil-rich neighbor, Abu Dhabi, offered to provide selective support to Dubai companies.
Sunday, November 29, 2009
Market Sector Performance Last Week 11 27 09
The performance chart from the Wall Street Journal Online shows how different global financial markets performed during the past week.
(Click on chart to enlarge it for easier viewing)
Source: Wall Street Journal Online, November 27, 2009.
(Click on chart to enlarge it for easier viewing)
Source: Wall Street Journal Online, November 27, 2009.
Thursday, November 26, 2009
Market Alert 11 26 09
Dubai Announces a Delay in Debt Repayment
US markets are bracing for a shakeup Friday after investors fled risk assets globally on concerns about Dubai's debt rescheduling.
Markets worldwide reacted to concerns about bank exposure to the debt, particularly in Europe, and fears it is a signal of greater problems in emerging markets.
US markets were closed, but the dollar was initially lower but bounced and traders said stocks pointed to a sharply lower opening on Friday.
(Click on chart to enlarge it for easier viewing)
US markets are bracing for a shakeup Friday after investors fled risk assets globally on concerns about Dubai's debt rescheduling.
Markets worldwide reacted to concerns about bank exposure to the debt, particularly in Europe, and fears it is a signal of greater problems in emerging markets.
US markets were closed, but the dollar was initially lower but bounced and traders said stocks pointed to a sharply lower opening on Friday.
(Click on chart to enlarge it for easier viewing)
Click on Link below to view video of news report
Monday, November 23, 2009
11 23 09 Market Comment
Last weeks 3 day market slide turned out to be just a minor correction. The S&P 500 has broken the 1100 barrier once again. The US Dollar has resumed its downward trend.
High yield bonds should follow the up move shortly.
Since the world currencies are the focal point of the current market it looks like gold should be included in more agressive portfolios.
High yield bonds should follow the up move shortly.
Since the world currencies are the focal point of the current market it looks like gold should be included in more agressive portfolios.
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