A No touch level set 6. According to the aforementioned research
A No touch level set
6. According to the
aforementioned research, a terrible start for the year may not mean that 2008
is automatically a write off. The Nasdaq 100 and broader Composite are the only major
indices aside from the Nikkei to be trading below their November lows. If oil continues to rise, it will
be more expensive that at any other time in history in real terms.com; last
week was the 2nd worst three day start to the year ever on the S&P 500, the
fourth worst on the Dow and worse ever for the Nasdaq. US Payroll numbers were below
expectations and unemployment rose from 4. The Bank of England is
also expected to keep rates the same, but this is less certain and a quarter
point reduction is still possible. The worst performance for the rest of the month
following similar opening drops was -3% back in 1978.
A reading below 50 can signal economic contraction, whereas readings over 50 can indicate expansion. The Semiconductor sector, full of stocks like Intel appears to be weighing heavily on the high tech markets.While the media's focus continues to be on the mortgage and credit crisis, oil has quietly been making its way back up to $100 per barrel. Recently bad news has sometimes been good news for the stock market because of the possibility that interest rate cuts might follow. However, the big question of course is what this means for the future. - THE END - . According to research from Bespoke Investments and Sentimentrader.
This sparked concerns that the economy could be slowing at a quicker pace than some investors had estimated. Aside from US existing home sales on Monday, it is a relatively quiet start to next week, but momentum quickly builds in the final two days with both the UK and European central banks releasing their interest rate decisions. It was recently reported that the Dollars % share of foreign currency reserves has dropped at the expense of the Euro, though selling of the Dollar/ Euro exchange rate was relatively moderate on Friday compared to the falls in US equities.86% for 2008 with just 3 trading says gone. Unfortunately, Fridays bad news really was bad news.5% below Fridays closing price (1320) could return 11% over 30 days. There is a huge concern that this latest rise might be the final straw for consumers in a slowing economy.6% in the 3 trading days of the new year.7% to 5%.
Last week the US Dollar fell heavily against the Yen and safe heaven currencies such as the Swiss Franc. With inflating commodity prices and a potentially deflating economy, the sellers were out in force. The VIX 'fear' index is still below its November peak, which indicates that there may be more downside to come, however this could fall short of the all out capitulation many fear. The direct effects of this will be felt by the already badly beaten consumers who have for years supported the US and UK economy at the expense of their savings, then house equity and now credit cards. Therefore, a No Touch lower trade may be the better option for the rest of the month on the S&P500.
It has increased the likelihood of Rubber Machine Screw further cuts to US interest rates, but the Fed may be limited in how far they can go due to the inflationary effects of a high oil price. Friday's rout was almost a perfect storm. Oil has already passed its inflation adjusted peak of $80.7 percent for December from 50. Friday saw some of the heaviest selling since the credit crisis broke with the S&P 500 now down 3. The ECB is widely expected to announce a no change verdict. When the S&P 500 has stumbled out of the gate in the past, it gained an average of 2% over the balance of the month and 10% the rest of the year. The Nasdaq Composite has been the worst hit so far and is down 5.
Oil is close to $100 per barrel but according to a Bloomberg survey of commodity analysts, the average expectation is for oil to be lower from this point forward. The first hint of this was the US Institute for Supply Management's (ISM) report that stated that the manufacturing index fell to 47.8 percent in November. This could possibly be a function of lower US growth creating lower demand for energy.
A reading below 50 can signal economic contraction, whereas readings over 50 can indicate expansion. The Semiconductor sector, full of stocks like Intel appears to be weighing heavily on the high tech markets.While the media's focus continues to be on the mortgage and credit crisis, oil has quietly been making its way back up to $100 per barrel. Recently bad news has sometimes been good news for the stock market because of the possibility that interest rate cuts might follow. However, the big question of course is what this means for the future. - THE END - . According to research from Bespoke Investments and Sentimentrader.
This sparked concerns that the economy could be slowing at a quicker pace than some investors had estimated. Aside from US existing home sales on Monday, it is a relatively quiet start to next week, but momentum quickly builds in the final two days with both the UK and European central banks releasing their interest rate decisions. It was recently reported that the Dollars % share of foreign currency reserves has dropped at the expense of the Euro, though selling of the Dollar/ Euro exchange rate was relatively moderate on Friday compared to the falls in US equities.86% for 2008 with just 3 trading says gone. Unfortunately, Fridays bad news really was bad news.5% below Fridays closing price (1320) could return 11% over 30 days. There is a huge concern that this latest rise might be the final straw for consumers in a slowing economy.6% in the 3 trading days of the new year.7% to 5%.
Last week the US Dollar fell heavily against the Yen and safe heaven currencies such as the Swiss Franc. With inflating commodity prices and a potentially deflating economy, the sellers were out in force. The VIX 'fear' index is still below its November peak, which indicates that there may be more downside to come, however this could fall short of the all out capitulation many fear. The direct effects of this will be felt by the already badly beaten consumers who have for years supported the US and UK economy at the expense of their savings, then house equity and now credit cards. Therefore, a No Touch lower trade may be the better option for the rest of the month on the S&P500.
It has increased the likelihood of Rubber Machine Screw further cuts to US interest rates, but the Fed may be limited in how far they can go due to the inflationary effects of a high oil price. Friday's rout was almost a perfect storm. Oil has already passed its inflation adjusted peak of $80.7 percent for December from 50. Friday saw some of the heaviest selling since the credit crisis broke with the S&P 500 now down 3. The ECB is widely expected to announce a no change verdict. When the S&P 500 has stumbled out of the gate in the past, it gained an average of 2% over the balance of the month and 10% the rest of the year. The Nasdaq Composite has been the worst hit so far and is down 5.
Oil is close to $100 per barrel but according to a Bloomberg survey of commodity analysts, the average expectation is for oil to be lower from this point forward. The first hint of this was the US Institute for Supply Management's (ISM) report that stated that the manufacturing index fell to 47.8 percent in November. This could possibly be a function of lower US growth creating lower demand for energy.
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