The hype was out there. Spread by people like Treasury Secretary Timothy Geithner, Republican John Boehner and President Obama. If an agreement was not reached by the time Asian markets opened Sunday evening, the markets may collapse, even crash. The fear was spread all weekend long by the media, running with these comments from powerful leaders. The markets opened lower, but barely down one-percent at 9:30am ET. The SPDR S&P 500 ETF (NYSE:SPY) opened at $133.30, down from a close on Friday… Continue
Ultimately, new 52 week highs are coming to the S&P 500 within two weeks. Right now with all the fear out there, many people would find this hard to believe. However, it will happen, and shortly. The debt ceiling issues are in the eyes of every politician, media outlet and individual investor. Shorts have loaded the boat. What most people are not aware of, is that the President can raise the debt ceiling on his own if he must. It will not get to that but that is a fall back plan. The U.S.… Continue
‘The plan falls short of achieving debt sustainability with debt to gross domestic product ratios for Greece, Portugal and Ireland still likely to remain comfortably above 100 percent. A continuation of solvency concerns will leave the door open for contagion fears to rebuild. Beyond the new bailout euphoria, relative economic fundamentals are turning against the euro with growth in the euro-zone slowing sharply’’
The major stock indexes have soared higher over the past three trading sessions. Once again, stock indexes are trading higher this morning. Many leading stocks such as Apple Inc.(NASDAQ:AAPL), Google Inc.(NASDAQ), and International Business Machines(NYSE:IBM) have soared to new highs. The problems in Europe seem to be under control for now. Everything looks fine in Mayberry.
There are a few problems with the recent rally that traders and investors should know. First, the stock market… Continue
No longer can the CME raise margins close to 100% in eight days. The silver shorts are and should be afraid of the hundreds of millions of Asians that will be entering this small market. China alone has trillions of dollars and they could drop 0.01% of that money into silver and explode silver beyond the control of the American elite. http://www.safehaven.com/article/21815/the-comex-has-everything-to-fear
Added by L Levin on July 21, 2011 at 8:42am —
However Obama’s July 22nd deadline is looking very vulnerable right now and the lack of concrete developments over the past few days means it is very possible that a short term debt solution will be needed. If Friday comes to pass with no major news, we could see panic selling of U.S. dollars. The greenback traded lower against all of the major currencies today while stocks held steady in anticipation of the big event risks scheduled for the next 48 hours.
The stock market looks to be pausing today after a monster upside move yesterday. This upside move came on the back of great recent corporate earnings from big players like International Business Machines Corp. (NYSE:IBM) and Google Inc. (NASDAQ:GOOG). In addition, fears out of Europe subsided somewhat, allowing the Dollar to fall against the Euro. The SPDR S&P 500 ETF (NYSE:SPY) is currently trading at $132.85, +0.12 (+0.09%).
The markets are looking towards the government over… Continue
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