Stocks ended higher on Tuesday, led by a big rally in a slew of energy stocks. Oil prices soared over 4% after news broke that OPEC was closer to freezing production. Gold, silver, oil and steel stocks have soared in recent weeks after pausing to digest the strong rally from the Feb low. Overnight, Italy created a…
Stock Market Overview: Futures are hugher ahead of Wednesday’s open as investors add to Tuesday’s strong rally. Oil prices surged to a four month high on Tuesday as the U.S. dollar is trading just above a 9-month low. Gary’s Thoughts: Strong Asia…strong Europe…gapping up here. Potential to move out of the 4 week range markets have been…
What about the other side about all the supposed bad earnings reports to come out? We felt it necessary to write to you about something we are reading about every day…and in numerous articles. That is all the talk about the bad earnings that will be reported in the weeks ahead for the past quarter. First off,…
Italian officials and bank executives have agreed to create a €5 billion ($5.7 billion) fund to help lenders that are in quite the trouble. Only one problem…there is about €360 billion of bad loans. There is a lot more where this came from in many other countries. Remember what we have told you, places like Greece were not…
Stock Market Overview: Futures are a little higher ahead of Tuesday’s open as investors digest last week’s decline. The US dollar fell to a fresh 9-month low yesterday and remains weak. Gary’s Thoughts: GOLD…GOLD…MORE GOLD…EXTENDED NEAR TERM BUT THAT IS ONE STRONG MOVE. Economic Data: NFIB Small Business Optimism Index 6:00 AM ET Import and Export Prices 8:30 AM ET…
Stocks opened higher but ended near their lows as seller showed up in the afternoon. Before the open, rumor spread that central banks and governments should begin buying bank stocks to boost the market. Meanwhile, the US dollar fell to a fresh 9-month low which sent gold, silver and several other commodities higher. In other news, Goldman Sachs…
We wrote to you this morning about Italy talking about using their money (debt) to buy up their beleaguered bank stocks. We once wrote to you years ago and asked sarcastically “why don’t central banks just buy up the whole f—ing S&P? Well…now comes this: By Nishant Kumar (Bloomberg) — Central bank policy makers in…
“GOVERNMENTS GETTING DEEPER INTO THE MARKETS” April 11,2016 We do not make this stuff up! The first two paragraphs are from this morning: Italian Treasury and central bank officials will meet with executives of major banks, including UniCredit SpA and Intesa Sanpaolo SpA, on Monday to discuss the creation of a fund that would buy…
“How the hell can a market look so bad on a Thursday and just gap up big on Friday?” We would just love to know the answer to this question. The fact is we have had some great days, only to gap down the next day. Our best answer is when you have so many…
Stock Market Overview: Futures are up ahead of Friday’s open as investors digest this week’s decline. Gary’s Thoughts: And we indeed get the obligatory gap to the upside today. Remember, Yellen is going to lower rates and print more money. That is our belief. By they way, did you notice nothing but negative market articles this…
