Dow Hits 13,000: Is The Cat Out Of The Bag? With many people expecting a pullback – the market jumps a wall of worry. Finally, there is more recognition that the economy is getting better based on stock market trends. We made the prediction a few weeks ago that the Dow Jones would reach...
Iran Stops Sales Of Oil To England And France – World Markets React Iran has declared it will not sell oil to England and France today. This new revelation sent markets and media buzzing with rumors that oil prices might rise in the U.S. Iran is reacting to a fresh new set of sanctions passed by...
Dow Close In On 13,000 February 2012: Is 15,000 Really Possible This Year? Anything is possible. The Dow Jones proved naysayers wrong once again by moving closer to 13,000 after a few days of up and down activity characterized by higher volatility. The Dow Jones rose to its highest level in 3 and a half...
Stock Market Hits 2012 Year Highs On February 11 Jobless Claims and January Housing Data: Unemployment benefits claims fell for the week ending February 11, 2012. Initial jobless claims fell 13,ooo to 348,000 which is more evidence that the labor market is improving. New claims for jobless benefits fell to the lowest level since...
VIX Jumps After Greek Austerity Measures Pass – Stocks Hold Firm: Volatility rose today one full trading day after Greek austerity measures were passed in Europe. We expected increased trading volatility this week and the .VIX jumped past 20 today rising over 8-1/2 percent. The S&P passed 1350 which is a critical level according...
