Author Archives: Darren Marchal

EC A Farewell

No more military Keynesianism after G.W. Bush? It is one of the strange paradoxes that those who disbelieve that government spending can stimulate the economy are sometimes the same individuals that believe reduced government spending can decrease economic activity. (G.W. Bush is not subject to this criticism; see [1].) Well, internal consistency has not always been…

The Dow Jones: Beautiful Tree In The Desert

by Wim Grommen The Dow Jones Industrial Average (DJI) Index is the only stock market index that covers both the second and the third industrial revolution. Calculating share indexes such as the Dow Jones Industrial Average and showing this index in a historical graph is a useful way to show which phase the industrial revolution…

Oil And Implications

Podcast: Play in new window | Play in new window (Duration: 13:15 — 6.1MB) DOW + 102 = 17,879 SPX + 13 = 2066 NAS + 28 = 4755 10 YR YLD + .07 = 2.29% OIL – 1.48 = 67.52 GOLD – 14.30 = 1199.50 SILV un = 16.57 Record highs on Wall Street. The day’s gains were…

The 5 Best NASDAQ 100 Stocks

I used Barchart to sort the NASDAQ 100 stocks to find which ones hit the most frequent highs in the last month. I then used the Flipchart feature to review the charts. Today’s list includes:  Express Scripts (NASDAQ:ESRX),  Cisco Systems(NASDAQ:CSCO),  Analog Devices (NASDAQ:ADI),  Costco Wholesale(NASDAQ:COST),  Bed Bath & Beyond (NASDAQ:BBBY):   Express Scripts (ESRX) Barchart technical indicators: 100% Barchart…

Gold Finds Support At $1191

Gold prices closed lower on Tuesday, giving back a portion of the previous day’s gains but holding ground above $1191 an ounce. Yesterday, the market initially tried to break through the resistance at the 1212 level which was the key for a bullish continuation but sellers stepped in and dragged prices back below the 1202.70…

The Oil-Drenched Black Swan, Part 3: Multiple Risks, Multiple Unk

It is these unforeseeable and uncontrollable consequences that are poised to wreak havoc on the global financial system. Here’s the thing about risk: it bursts out of whatever is deemed “safe.” It wasn’t accidental that the Global Financial Meltdown originated in home mortgages; it was the perceived safety of the mortgage market that attracted all the…