Market News

[Frixxxx]

Wow, strong possibility for a red candlestick. I almost forgot it was possible to lose money in the stock market!

Perspective, remember, it can't be green all the time...somebody has to panic and jump!:laugh:

 

[Birchtree]

I hope we get another hammer day tomorrow - I'm ready for some pain. Then I'll take another 10% bite on the S fund - bring'er on down boys.

 

[OMA]

I hope we get another hammer day tomorrow - I'm ready for some pain. Then I'll take another 10% bite on the S fund - bring'er on down boys.

won't President Obama's failures in Korea yesterday (no trade agreement) cause the American market to decline?

 

[weatherweenie]

Private employers added 297,000 jobs in December


That seems a little fishy, doesn't it?

 

[FAB1]

Private employers added 297,000 jobs in December


That seems a little fishy, doesn't it?

Maybe but..

Are the 270,000 service sector jobs - Part Time Christmas Help?
ho ho ho

 

[clester]

Small investors getting back in market as reported on CNBC.

Hmmm

 

[FAB1]

Japan's Nikkei having a good session, this will give us good I fund gains today.

 

[FAB1]

Japan's Nikkei having a good session, this will give us good I fund gains today.

Right! Famous Last Words

well I guess the 1.40 Nikkei kept us I holders out of deeper waters of monetary loss, hows that? :toung:

 

[FAB1]

Stock futures dropped sharply with the release of the latest official payrolls report. Their slide lower hasn't been very deep, though. Nonfarm payrolls increased by 103,000 in December. They had been expected to increase by 150,000, according to economists polled by Briefing.com.

Nonfarm payrolls for the prior month were revised upward to reflect an increase of 71,000. As for private payrolls, they increased by 113,000 during December, when an increase of 162,000 had been widely expected. Private payrolls for the prior month were revised upward to reflect an increase of 79,000.

Despite the smaller-than-expected increases in December payrolls, the unemployment rate declined to 9.4% from 9.7%.

well it sounds pretty blah - maybe we'll get a Monday bounce.

 

[Intrepid_Timer]

I think the report was perfect for the market. If the numbers had been too high, people would worry that the Fed might stop QE2 sooner than expected and might even think about raising rates to ward off inflation. For those wanting more jobs created, the falling unemployment rate helped to passify them as well....................

 

[FAB1]

Hope youre spot on! We will see soon enough

 

[Birchtree]

If the SPX can hold the 1270 level on the close we are headed toward 1313 and 1326. History tells us that a VIX under 17 can mean a consolidation is not far in the distance.

 

[FAB1]

FWIW

08:17 am : S&P futures vs fair value: -5.50. Nasdaq futures vs fair value: -9.00. Stock futures suggest that varied losses are in order today. The weakness comes amid losses overseas and another gain by the greenback, which currently leads a collection of competing currencies by a narrow margin. There is no data on tap for participants to digest today,

 

[weatherweenie]

Market didn't like Alcoa's report. Alcoa down 1.25% in after hours trading.

 

[Warrenlm]

Meredith Whitney on CNBC this morning. Talked at length of coming municipal bond defaults. Study concluded last Sept and blowback after her discussing it twice before doesn't change her opinion. Know the underlying facts of your bonds because some are ok. (I guess that largely means GO state bonds, but she also mentioned TVA bonds backed by federal govt.) She said she does not see anything in the next two months that would stop people from feeling good now and keep the market up. (I think she meant the equity market). When asked by Sorkin what she sees as the thing that will bring her bearish prognosis view of the market to the fore, she said the consumer is going to run out of gas.

 

[weatherweenie]

Hope nobody here owns any F5, they are getting a 22% haircut after hours.

 

[weatherweenie]

Existing home sales for December increased 12.3% from the prior month to an annualized rate of 5.28 million units, which is the highest level since May. The rate was also better than the annualized rate of 4.80 million units that had been widely expected.
The Philadelphia Fed Index for January came in at 19.3, which is below the downwardly revised prior month reading of 20.8. It is also below the 20.0 that had been anticipated among economists polled by Briefing.com.
The December Leading Indicators reading increased by 1.0%, which is in step with the November increase of 1.1, but stronger than the 0.6% increase that was widely expected.

 

[Minnow]

This might leave a mark...

But the tan man is off in Italy...

oh well, maybe this might prompt one 350z to return:

www.bloomberg.com/news/2011-01-24/countrywide-sued-by-investors-in-mortgage-backed-securities.html

 

[weatherweenie]

US Economy Grew 3.2% in the Fourth Quarter, Slightly Below Estimates

 

[fedgolfer]

Underlying numbers show US gov't spending didn't carry GDP advance, it was the private sector. Even King Douchebag Santelli was saying how great the US economy was, post report. The Tea Baggers got it wrong, again. They will scare the average folk into insolvency.

Bet we'll see some upward revisions too in the near future on today's GDP Adv.