What is truth?

Posts tagged ‘Nasdaq Composite’

The Madness of Market Euphoria

Official portrait of Federal Reserve Chairman ...

Official portrait of Federal Reserve Chairman Ben Bernanke. (Photo credit: Wikipedia)

Best day of 2012 for Dow industrials and S&P 500 … U.S. stocks surged Wednesday, with the Dow industrials and S&P 500 both tallying their best day this year, on increasing optimism that central bankers would move to bolster the economy. “It appears the market is under the belief that Uncle Ben and his band of merry makers are going to be coming to the rescue,” Bob Pavlik, chief market strategist at Banyan Partners, said of Federal Reserve Chairman Ben Bernanke and other Federal Open Market Committee members. The Dow Jones Industrial Average DJIA +1.05%  climbed 286.84 points, or 2.4%, to 12,414.79. The S&P 500 Index SPX +0.99%  advanced 29.63 points, or 2.3%, to 1,315.13. The Nasdaq Composite COMP +0.82%  added 66.61 points, or 2.4%, to 2,844.72. – MarketWatch

Dominant Social Theme: Happy Days Are Here Again.

Free-Market Analysis: Or are they? Europe is failing, China just cut interest rates and US markets moved up hard on a hope and a prayer.

The hopeful prayer was that Ben Bernanke would cut interest rates – or that he intends to. Why this would cause the Dow to climb some 300 points is mostly a commentary on what markets, US markets especially, have become in the 21st century.

full article at source:  http://www.thedailybell.com/3971/The-Madness-of-Market-Euphoria

Conviction returns and so do EU worries

By Kevin Marder

For months, the $64,000 question mark has surrounded the
institutional participant, and whether he/she would decide to sponsor this
market with any sort of conviction. Last Thursday’s participation by the large
investor, then, was a sight for this column’s sore eyes.

As the below chart indicates, Thursday witnessed the Nasdaq gapping up at the open en route to a 3.3% gain, closing fairly well, and on volume 37% above average. This latter statistic is the most important of all, and would have been even if the day’s move was half of what it was.

full article at source:http://www.marketwatch.com/story/conviction-returns-and-so-do-eu-worries-2011-11-01?link=kiosk

Dow below 12000

Dow below 12000

I came across this guy and I found him hilarious (First
video clip) the first time and from time to time I drop in to see what he is doing.
I love when he changes his voice I swear he has AlPacino right beside him he
must be a huge fan I just love the excitement!

As a trader myself I do agree with most of what he is saying about a possible
QE3 however I think we will see a jump in the financials (bank stocks for a while that is)

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