Market News

[weatherweenie]

I'm not sure what happened, but the US futures just took off to the upside.

 

[bmneveu]

I'm not sure what happened, but the US futures just took off to the upside.

Music to my ears!

 

[Sensei]

I'm always wary of the futures. :notrust:

 

[pmaloney]

You have a good point. No one can know the future and the past is not a reliable prediction of it either but I'm glad it's up!

 

[weatherweenie]

I'm always wary of the futures. :notrust:

As am I. However, when I was monitoring them last night the Dow futures went from +30-40 to +110-130.

 

[weatherweenie]

Initial claims for state unemployment benefits slipped by 4,000 to a seasonally adjusted 294,000 for the week ended Jan. 3, the Labor Department said on Thursday.Economists polled by Reuters had forecast claims falling to 290,000 last week. The prior week's data was unrevised.

 

[weatherweenie]

US created 252,000 jobs in Dec vs. 240,000 est; unemployment rate at 5.6% vs. 5.7% est

 

[bmneveu]

US created 252,000 jobs in Dec vs. 240,000 est; unemployment rate at 5.6% vs. 5.7% est

Revised November's number up an additional 50k as well. That's pretty significant!

 

[nnuut]

"Disaster scenario" comes into focus as stocks, commodities slump

By Aaron Task 1 hour ago
Video:
http://finance.yahoo.com/news/-doom...s-as-stocks--commodities-slump-151108219.html

 

[Dutchy]

100 DMA on SPX of 2007 has been floor on previous downturns, will this time be different ?
Sure a lot of bad news out there and if SPX 2000 violated, huge gap down to next resistance at 1944 area..

 

[Viva_La_Migra]

It's time like these when I wish we had a short fund, like Short DOW 30, Short Russell 2000, or Short S&P 500.

 

[nnuut]

It's time like these when I wish we had a short fund, like Short DOW 30, Short Russell 2000, or Short S&P 500.

I would love that, but they won't let it happen!

 

[wavecoder]

It's time like these when I wish we had a short fund, like Short DOW 30, Short Russell 2000, or Short S&P 500.

or a precious metals fund, which sort of acts like a short fund (seems to do well when market is going south)

 

[weatherweenie]

It's time like these when I wish we had a short fund, like Short DOW 30, Short Russell 2000, or Short S&P 500.

It's all fun and games, so long as the short trade works for you. Having been burned playing TZA and UVXY, being less than 10 years to retirement, I'm content with our TSP options.

 

[Minnow]

It's all fun and games, so long as the short trade works for you. Having been burned playing TZA and UVXY, being less than 10 years to retirement, I'm content with our TSP options.

Yup... OPEX weeks that go the other way would've definitely depleted my account. I would be my own worst trading enemy. Kinda like the precious metals fund option though.

 

[weatherweenie]

The number of Americans filing new claims for unemployment benefits last week increased to the highest level since early September, but the underlying trend continued to point to a strengthening labor market.

Initial claims for state unemployment benefits rose by 19,000 to a seasonally adjusted 316,000 for the week ended Jan. 10, the Labor Department said on Thursday.
Economists polled by Reuters had forecast claims falling to 291,000 last week. The prior week's data was revised to show 3,000 more claims received than previously reported.

 

[weatherweenie]

The government said wholesale prices fell 0.3 percent in December

 

[dpmp]

seasonal workers are back on unemployment payroll?

 

[weatherweenie]

The banking giant posted earnings of $4.38 a share, on revenue of $7.69 billion. Analysts had expected the company to report earnings of $4.32 a share on $7.64 billion in revenue, according to a consensus estimate from Thomson Reuters.

 

[weatherweenie]

The Labor Department said on Friday its Consumer Price Index fell 0.4 percent last month, the largest drop since December 2008, after sliding 0.3 percent in November. In the 12 months through December, CPI increased 0.8 percent.
It was the weakest year-on-year reading since October 2009, and followed a 1.3 percent rise in November. Last month's readings were in line with expectations.