The Wealth Effect: Acceptable Or Not?
In an action that has not occurred during the 14-yearstewardship of Chairman Alan Greenspan, the Federal Reserve cut short-terminterest rates 50 basis points in a surprise move that came between regularlyscheduled meetings. Stock index futures surged, stacking on gains from analready bullish sessio
The Wealth Effect: Acceptable, Or Not?
In an action that has not occurred during the 14-yearstewarwardship of Chairman Alan Greenspan, the Federal Reserve cut short-terminterest rates 50 basis points in a surprise move that came between regularlyscheduled meetings. Stock index futures surged, stacking on gains from analready bullish ses
This Has Never Happened Before . . .
There’s a first time for everything.
Index Futures Primed
Stock index futures gapped lower but shot up as economicreports suggested that the worst may be over for this slowdown and on the beliefthat heavyweights such as Cisco may already have much of the lowered earningsexpectations priced in. Nasdaq 100 futures
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Silver’s Silver Lining
Pattern setups in the
markets do not always play out on a trader’s screen in textbook fashion.
Air Attacks Strike Financials, Energies
Air attacks in the Middle East spurred big jumps in the
prices of financials and energies, furthering the recent demise of
Air Raids Boost Energies and Dollar
In a tit-for-tat confrontation, Israel bombed a Lebaneseradar site in retaliation for a Hezbollah militia attack on Israeli tanks twodays ago. The rise of tensions in the Middle East is working to exacerbate atight supply situation in US energies and to spur a flight to the perceivedsafety of the do
Crisis, Says IEA
Citing that conditions in North America have reached acrisis in the supply of some fuels, the International Energy Agencywarned prices of gasoline could soar this summer when the driving season kicksinto high gear. The energy contracts have been led higher by unleadedgasoline, with strong gains
Who’s Got True Grit?
Stock index futures traders showed grit by
Stations Hoard, Naz Continues To Soar
Hefty gains in yesterdays rally in the energies arebeing erased as Naz 100 futures extend yesterdays gains. Gains in energy contracts of as much as 7% are being soldfollowing yesterdays American Petroleum Report released after the close. April unleaded gasoline
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Ready To Floor It?
Energies primed for continuation despite evidence of hoarding
Changing Places
Stock index futures and bonds are hurling in opposite directions as traders liftoffers in the indexes and hit bids in the bonds on speculation that recent bearsentiment may be overdone and that much of the negative earnings news isalready priced into stocks. The action in stock index futures beg