$GS downgraded earnings for Chinese companies and a Korean auto maker add to the sour mood with poor a earnings report.
Comments »Global Markets Trade Lower, U.S. Futures are Unch
Yields for Italy, Spain, France, and Germany …
Comments »On Volatility, Correlation, And Sentiment Shifts
The excellent, must-read article and accompanying graphs is available over at Zero Hedge.
Comments »Market Update
U.S. equities follow suit from Europe hoping for some clues out of Jackson Hole on QE.
Risk on today as equities try to pare yesterday’s losses.
Show me the crack says mother market.
European Markets Rally on Hopium
European markets are in full retard rally mode as QE 3 is expected and the ECB bond buying plan is to be released shortly.
Comments »Asian Markets Fall Over Continued Global Growth Concerns
“Asian stocks fell, with the regional benchmark index heading for its first monthly decline since May, as investors await a speech by U.S. Federal Reserve Chairman Ben S. Bernanke and as reports showed lower industrial output in South Korea and Japan amid slowing economic growth.”
Comments »Asia Trades Mixed, Europe Rallies, and U.S. futures Look to Regain Yesterday’s Losses
Yields for Italy, Spain, France, and Germany …
Comments »Market Update
Markets fall under pressure today as hope of QE3 fade for investors. Concerns for global growth remain in focus.
[youtube://http://www.youtube.com/watch?v=DDRPtg0kmJU 450 300] Comments »Asian Markets Falls on Poor Economic Data and the Expectation Jackson Hole Will be a Bust
Asian markets fell on retail data out of Japan and poor confidence data out of South Korea. Markets also doubt any significant announcements will come out of Jackson Hole.
Comments »Global Markets and U.S. Futures Trade Lower
Pioneer of High Frequency Robots Speaks Out
“The man who built what was possibly the first stock-trading robot now worries they have too much sway over the market. In other news, Victor Frankenstein is starting to rethink that whole reanimating-the-dead thing.
Starting in the 1970s, Thomas Peterffy, the billionaire founder of the Connecticut brokerage firm Interactive Brokers, was a pioneer in getting computers to perform the trading of stocks and options and whatsits, so that humans could spend the rest of eternity sipping drinks and collecting checks. In a fascinating interview with NPR, he tells how his efforts culminated in a rubber-fingered robot that typed rapid-fire orders on the Nasdaq electronic stock exchange in 1987.”
Comments »GDP Estimate: Prior 1.6%, Market Expects 1.6%, Actual 1.7%
Personal consumption up 0.2%
Comments »China Stocks Hit 2009 Lows
Growth concerns and poor earnings have taken China’s stock exchange down to 2009 lows.
Comments »Global Markets Trade Mixed , U.S. Futures are Flat
Dow Theory?
A great chart-chomping Dow Theory blog post can be read here.
Comments »Market Update
Markets remain largely unchanged as they wait for Bernanke and the ECB to drop some cocaine.
The big news of the day is that Issac is now a hurricane bearing down on “The City That Forgot” aka “The Big Easy” aka “The Crescent City”. Issac has shut down 93% of the oil output in the Gulf keeping WTI and gasoline futures higher than really need be.
Hopefully Issac will just dump a little rain and not the 10-20 inches expected on the Gulf coast.
Global Markets Fall on Japan’s Downgrade of Economy and Expectations The Clam Will Do Nothing
“Japan stocks slid, with the Topix (TPX) Index falling the most in more than three weeks, after the government downgraded its assessment of the economy amid slowing growth in China, and on speculation Federal Reserve Chairman Ben S. Bernanke will refrain from announcing stimulus this week.”
Comments »Global Markets Trade Lower, U.S. Futures are Flat
Post-War Stock Market Rallies
See a chart of the best-ever post-war stock market rallies, here.
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