Dow Retreats From 60+ On Housing News To End Down 100 Points On Massive Spain Austerity Protests: Housing news didn’t encourage investors today as the Dow switched direction in midday trading. The S&P Case/Shilling report today showed housing prices in July increased in 10 of the nation’s largest metropolitan areas by 1.5%. Housing prices increased…
Spain Spurns Traders As Estimated Second Quarter GDP 2012 Fell 0.4 Percent: Traders were already uncomfortable going long U.S. equities when Spain’s yield on the 10 year note is above 7 percent, but today news came from across the ocean that the Spanish recession worsened for the last 3 months. In the second quarter ending…
Financials Lead The Market Lower As Stocks Retreat On Spain Debt Yields Above 7 Percent (July 20, 2012): Financial stocks fell yesterday and the rest of the market followed today as concerns about the European debt crisis came back to haunt Wall Street. Traders were concerned about Spain’s debt crisis causing bond yields to spike above…
After The Greek Elections June 17, 2012 Attention May Go Back To Spain, Italy, Portugal, Ireland…… The European debt crisis won’t end on Monday. The Greek elections tomorrow have received massive press and are currently the major headline risk reducing the global demand for equities. This is evidenced by the outrageous yields on bonds around…
Markets Take Drubbing As European Headline Risk May 2012 Increases: U.S. equities markets tanked today as investors re-evaluated the economic situation in Europe with Greece and Spain leaving the European Union becoming a stronger possibility. Major sectors such as tech, financials, and energy fell below key technical price levels as traders rushed to get out…
