Archive for August, 2011
Surprise: Fed May Print More Money
August 9th, 2011Via: Bloomberg: Federal Reserve officials may strengthen their commitment to record monetary stimulus as soon as today after a faltering economic recovery and a U.S. credit- rating cut provoked a rout in global stocks. By a 52 percent to 48 percent margin, respondents in a Bloomberg News survey said the Fed would ease policy this […]
ES TANKING AGAIN
August 9th, 2011Warning: This is not a recommendation to buy, sell or hold any financial instrument. Update: ESU11 riding higher on declining dollar. Up 2.4% now. — Update: ESU11 is now flat to up under 1% overnight. Something has changed with the dollar. It had been up over the last day, but over the last few hours, […]
SPOT GOLD CLEARS $1750
August 9th, 2011Warning: This is not a recommendation to buy, sell or hold any financial instrument. Update: $1771.82. It’s easing more than usual over the past 24 hours; probably going to define a harder pivot at $1746. — $1751.03
HANG SENG DOWN 6.6%
August 9th, 2011Market alert.
SOUTH KOREA HALTS PROGRAM TRADING
August 9th, 2011Via: Bloomberg: Program trading on Kospi shares was stopped for five minutes from 1:23 p.m. local time after Kospi 200 Index (KOSPI2) futures fell more than 5 percent for more than a minute, Korea Exchange Inc. said. Trading of shares on the Kosdaq, which has 1,030 stocks, was temporarily halted after the index tumbled in […]
UK Police Arrest Over 200 as London Riots Continue
August 8th, 2011Via: AP: Violence and looting spread across some of London’s most impoverished neighborhoods on Monday, with youths setting fire to shops and vehicles, during a third day of rioting in the city that will host next summer’s Olympic Games. Skirmishes broke out between police and groups of youths across Britain’s capital, and also spread to […]
DJIA 10,906 HOLDS OR THIS COULD GET WEIRD
August 8th, 2011Warning: This is not a recommendation to buy, sell or hold any financial instrument. Update: Close: DJIA 10,809.85 -634.76 (-5.55%) Nasdaq 2,357.69 -174.72 (-6.90%) S&P 500 1,119.47 -79.91 (-6.66%) — Update: DJIA: 10,840. — Update: DJIA back over 11,000 on probable PPT bounce. — Update: Bank of America down 18.25% [EMERGENCY???] — Update: Greece Bans […]
S&P 500 DOWN 5%
August 8th, 2011That is all.
NASDAQ DOWN 5%
August 8th, 2011That is all.
DJIA: Next Leg Down
August 8th, 2011Warning: This is not a recommendation to buy, sell or hold any financial instrument. The DJIA has been trying to find support around 11,070. This level has broken down.
