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Posts Tagged ‘recession’

April 12th, 2010

The Markets

(Michael Schwartz) - The U.S. stock market continued grinding its way higher last week as the Dow Jones Industrial Average briefly pierced the 11,000 level for the first time since September 2008, according to The Wall Street Journal. Back then, the Dow was piercing 11,000 on its way down to below 7,000 in March 2009.

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October 21st, 2009

Value of Daily Valuation

(Malcolm Butler) - Recent economic data suggests that the worst of the recession is behind us. The stock market has been moving higher in anticipation of a recovery in the business community. While the economic future is still uncertain, we will likely see increased economic activity over the coming months.

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October 2nd, 2009

Unemployment to Send Stocks Lower

(Lee Siler) - A deeper than expected jobless number has stocks reeling for the second day in a row. After suffering the worst one-day performance in months, the major averages are indicating a significantly lower opening. In September U.S. employers cut a worse than expected 263,000 jobs which took the unemployment rate from 9.7% to 9.8%. Analysts expected non-farm payrolls to drop 180,000 in September; this is a far cry from the actual number.

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September 17th, 2009

Jobless Recovery???

(Lee Siler) - Stocks rallied big yesterday, as Wall Street is still buzzing about Fed Chairman Ben Bernanke's comments. The Fed chief announced that this recession is "likely" over. Recent economic data has suggested that the economy is stabilizing, but the question is how much growth we can expect in the short-term? The good news is at least the economy should not contract any further.

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September 10th, 2009

Economy Coming Out of Worst Recession Since 1930s

(Lee Siler) - A better than expected jobs report, has stock futures trading slightly higher on the open. Also helping matters, the continued weak dollar is pushing energy and mining stocks to the upside, which are boosting the major averages.

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September 4th, 2009

Jobless Rate Jumps to 9.7%

(Lee Siler) - Yesterday, the market broke a four-day losing streak, as Wall Street was waiting for this morning's jobs report. Despite much speculation, the Labor Department reported that unemployment rose to 9.7% compared to an estimate of 9.5%. However, the news wasn't all bad, as U.S. employers cut a fewer-than-expected 216,000 jobs. The hike in the unemployment rate came from revisions the Labor Department did for June and July.

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July 29th, 2009

China Sinks 5%

(Lee Siler) - A 5% slide in the Chinese stock market will likely spill over to the U.S. markets today. The major averages are already in a severely over-bought condition, but the pullback overseas will surely add fuel to the fire.

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July 16th, 2009

Fed Comments Help Stocks

(Lee Siler) - The market had one of the best days of the year on brisk trading. Earnings news is adding fuel to this market and this morning JP Morgan Chase is the accelerant. The company announced that strength in their core consumer business and investment banking offset a jump in credit losses. Earnings were 28 cents a share versus estimates of only 4 cents. However, revenues fell slightly short of expectations. JPM is traded up almost 4.5% yesterday.

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July 7th, 2009

What Strategy Should You Take As You See The Market Moving UP!

(Tom Prybylo) - We have seen the stock market move up these past few months –so what to do. For our clients the right strategy is to stick with their current allocation through this difficult environment as I believe we are not out of the woods yet.

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