Happy 1987!
Today is the anniversary of the 1987 stock market crash that saw the Dow Jones Industrial Average fall 22%. The major indices are trading lower on the day of the 14th anniversary of the crash, but much less severely, with all three major indices paring earlier losses and now sufferin
A Sign Of Calm
Metals are down sharply as gold
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Striking A Balance
Concern about a growing number of anthrax incidents is being cancelled out by positive earnings results from Dow components as the market strikes an uneasy balance. Stocks plummeted yesterday on announcements from the capital that Congress ventilation system may have been contaminat
Selling The War Premium
An enduring store of value
Looking Eastward
Energy traders are looking east after last nights weekly report from the American Petroleum Institute. For although the report showed inventories fell to their lowest level in six months, observers noted most of the drawdown in inventories occurred in the west. NYMEX energy contracts are
A New Kind Of Bio-T
The market shook off early gains after two key Dow stocks beat Street expectations and hoisted the indices to fresh one-month highs. A new kind of bio-T impacted the markets — bio-terrorism rather than biotech — as stocks sold off following widening reports of anthrax contaminati
Bear Ambush
Not as bad as last month but
All Things Considered…
All things considered, the market is holding up well to a flurry of anthrax reports, mixed corporate earnings, and disappointing economic news. The Dow is up 6 at 9354, the Nasdaq is up 14.26 at 1710.57, and the S&P 500 is up 3.98 at 1093.96. New reports of possible anthrax contaminatio
Put This Pattern To Use
We talk about it often here
Risk Premium
Traders continued adding to bond positions, buying in an uncertain, riskyenvironment of new anthrax cases, choppy earnings reports, and reports of declining industrial production. Both T-bonds
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Pork Implosion
Lean hogs
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Belly Flop
Pork dives