Monthly Archives: December 2008

SHORT TERM: market continues to rally, DOW +108 Overnight the Asian markets were mixed. Europe opened higher and closed +0.90%. US index futures were slightly higher overnight, and at 8:30 the weekly Jobless claims were reported to have declined: 492K … Continue reading →

SHORT TERM: market gains despite more negative news, DOW +184 Overnight the Asian markets were mixed. Europe opened higher and closed +2.95%. US index futures were quiet overnight, and at 9:00 Case-Shiller reported national housing prices were down 18% in … Continue reading →

SHORT TERM: market drifts lower on light volume, DOW -32 Overnight the Asian markets were mostly higher. Europe opened higher and closed +2.05%. US index futures were flat overnight, and the market opened unchanged this morning. After pausing for about 15 … Continue reading →

REVIEW Economic reports continued to weaken in Q4, while the final revision for Q3 GDP held steady at -0.5%. The equity markets have certainly quieted down during this holiday season. The entire 4% range for the week was accomplished between the … Continue reading →

SHORT TERM: market edges higher in quiet day, DOW +47 Overnight and over the holiday the Asian markets were mixed. Europe was closed both days. US index futures opened this morning with a positive bias and the market opened higher … Continue reading →

SHORT TERM: market drifts higher in quiet trading, DOW +49 Overnight the Asian markets were mostly lower. Europe opened lower and closed -0.55%. US index futures were relatively flat overnight when at 8:30 the weekly Jobless claims were reported to … Continue reading →

SHORT TERM: market pullback continues, DOW -100 Overnight the Asian markets were all lower. Europe opened higher and closed mixed. US index futures were slightly higher overnight, and at 8:30 the final Q3 GDP was reported at -0.5%. The market rallied … Continue reading →