Thursday, July 23, 2009
BREAKING NEWS <>THE DOW BREAKS 9000 IN JULY 2009 RALLY
*MARKET RALLY SET OFF BY GOOD ECONOMIC REPORTS COUPLED WITH EARNINGS UPBEAT
Monday, July 20, 2009
DOW ALERT AFTER MONDAY'S 100 POINT RALLY
* DOW 9000 IS A MAJOR RESISTANCE LEVEL
Astoria, New York
A powerful 7 percent rally last week has been met by another 100 point rally today. The Dow is now at 150 points shy of Dow 9000 territory. If last week, there was a sustained rally for financials, Monday was a negative day ,though, for them. The broader market continued to rally on good earnings reports and CIT's survival package. As a real economist and not a fake one, I see major resistance near Dow 9000. The markets continue to trade in 8000 to 9000 range and after testing Dow 8000 territory in early July, earnings reports coupled with better recovery prospects have launched the markets towards 2009's peak levels set in June at the end of the Spring Fling rally. There is a flip of the coin 50 percent chance that the Dow could hit or break 9000 in the next two weeks.
Astoria, New York
A powerful 7 percent rally last week has been met by another 100 point rally today. The Dow is now at 150 points shy of Dow 9000 territory. If last week, there was a sustained rally for financials, Monday was a negative day ,though, for them. The broader market continued to rally on good earnings reports and CIT's survival package. As a real economist and not a fake one, I see major resistance near Dow 9000. The markets continue to trade in 8000 to 9000 range and after testing Dow 8000 territory in early July, earnings reports coupled with better recovery prospects have launched the markets towards 2009's peak levels set in June at the end of the Spring Fling rally. There is a flip of the coin 50 percent chance that the Dow could hit or break 9000 in the next two weeks.
Thursday, July 2, 2009
JUNE UNEMPLOYMENT PREDICTED TO RISE TO MID 9 PERCENT AREA, AS N.KOREA LAUNCHES MISSILES
*MORE UNEMPLOYED PEOPLE IN JUNE AS THE ECONOMY IS STILL UNDER PRESSURE
*NORTH KOREA FIRES 2 MISSILES AHEAD OF THE JULY 4TH FESTIVITIES
Astoria, New York
Perhaps two different kind of dark clouds, one of economic , the other of international political nature, and the markets are feeling the effects. June was not a good month for employees. The bankruptcy of GM and continued layoffs put a dent in unemployment across the country. A proposed Obama healthcare overhaul could unleash new jobs down the road as employers could save millions on medical insurance costs. June unemployment is targeted to be in the mid 9 percent area perhaps near 9.6 percent. In the midst of this, North Korea continues its missile launches provoking the United States and the world once again. I don't see a happy ending here but I hope there is one anyways. The Dow Jones and world markets are under pressure since they reached the top in the late spring. I see a potential of 75 percent that the Dow will hit 8000 within July. There should be solid support at that area but continued dark clouds could push it below. Perhaps we need a dark knight to solve the problems.
*NORTH KOREA FIRES 2 MISSILES AHEAD OF THE JULY 4TH FESTIVITIES
Astoria, New York
Perhaps two different kind of dark clouds, one of economic , the other of international political nature, and the markets are feeling the effects. June was not a good month for employees. The bankruptcy of GM and continued layoffs put a dent in unemployment across the country. A proposed Obama healthcare overhaul could unleash new jobs down the road as employers could save millions on medical insurance costs. June unemployment is targeted to be in the mid 9 percent area perhaps near 9.6 percent. In the midst of this, North Korea continues its missile launches provoking the United States and the world once again. I don't see a happy ending here but I hope there is one anyways. The Dow Jones and world markets are under pressure since they reached the top in the late spring. I see a potential of 75 percent that the Dow will hit 8000 within July. There should be solid support at that area but continued dark clouds could push it below. Perhaps we need a dark knight to solve the problems.
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