How Did the Stock Market Do Today? Dow Jones: 17,477.67; -252.01; -1.42% S&P 500: 2,049.62; -29.89; -1.44% Nasdaq: 5,037.53; -85.70; -1.67% The Dow Jones Industrial Average today (Thursday) plunged 252 points after European Central Bank President Mario Draghi surprised the markets by cutting interest rates and boosting stimulus below Wall Street’s expectations for the euro bloc’s monetary intervention. Meanwhile, U.S. Federal Reserve…
Bizarre Monetary Experiment Expanded As is well known by now, the ECB Council has decided to expand its bizarre monetary experiment further. All users of the euro are to be subjected to additional impoverishment, by means of the ECB lengthening the duration of its outright money printing scheme (while keeping its level steady at what…
George Bush famously told an assembled group of Congressional leaders in the aftermath of the Lehman filing that unless they immediately passed an open-ended Wall Street bailout “this sucker is going down”. They blindly complied. Yet for awhile it seemed of no avail. By the post-crisis bottom in Q1 2009, household net worth had plunged from $68…
The Sons and Daughters Program in China JPMorgan Chase & Co. (NYSE: JPM) just can’t seem to stay out of the headlines, and the news isn’t good. According to the Wall Street Journal, the long-running investigation into the bank’s hiring practices in China has revealed that 222 family members and friends of executives leading three-quarters of the…
During the session on Friday, we have the Nonfarm Payroll Numbers coming out during the day, and that of course will move most markets around the world. Ultimately though, we believe that most of the focus will be on both the US dollar and the US stock markets. With this, the better the jobs number is, the…
Santa was delivered a bit of a shock when sellers took yesterday’s declines and added to them. Losses were substantial – considering recent tight action – and came with confirmed distribution. The S&P came back to its 50-day MA, which may offer bulls a chance to develop a higher swing low. However, further declines which…
Gold and silver had some nice bounce backs today, with the dollar falling sharply on what seems to be a ‘sell the news’ phenomenon with regard to US interest rates, and the cut in rates by the ECB. As usual, The Bucket Shop delivered no gold. And there was the usual seepage of actual bullion out of…
“Buying” versus “selling” volume has diverged dramatically in the last few weeks creating a dangerous sense of pre-Black-Monday deja-vu. We’ve seen this before.. very recently… Bigger picture, since the end of QE3, this pattern of divergence has been building… Is an imminent market crash just what The Fed needs to avoid making the same mistake it…
The stock price of Ambarella closed $57.88 per share, down by 4.72% today. The stock declined further by more than 1% to $57.03 per share during the extended trading around 4:30 PM, after releasing its financial results for the third quarter. Ambarella is a developer of low-power, HD, and Ultra HD video compression and image…
You can’t talk about money and investing without talking about time. After all, the two are inherently interconnected. There’s the time value of money, the erosion of value due to inflation, the linkage between money and interest rates, etc. The problem is, time is a great unknown for all of us. It is a concept…
