The stock market ended last week on a sour note, down over 2.5% on Friday. The downward action of the major indices was disappointing especially after (1) Intel reported one of its best quarters in the last decade earlier in the week, (2) Goldman Sachs reached a much better than expected settlement with the SEC [...]
The significant correction, which I predicted in my January 15, 2010, post “The Era of Consumerism has Ended” is now underway. My rationale for my prediction one week ago was because the major market indices had climbed back to their pre crash levels and bullish sentiment had hit its highest levels since February of 2010.
Written by Dino Romano on
January 25, 2010 – 12:42 am
With the change in the winds of regulatory reform for the banks and financials I expect that 2010 will be a particularly brutal year for the stock market and the major indices including the Dow 30 and the S&P 500. I also predict that the highs for the Dow 30 and S&P 500 that were [...]
Recently Dow component Johnson & Johnson (JNJ) reported its earnings for its third quarter ended September 30, 2009. The company beat Wall Street’s earnings projections. Its revenue slipped by 5.3% versus its third quarter of 2008. After the announcement its shares fell and closed down on the day by more than 2%.
Written by Dino Romano on
October 6, 2009 – 10:59 am
By Michael Markowski, October 5, 2009
In my September 2007, article “Have Wall Street’s Broker Been Pigging Out?” in Equities Magazine, I issued a warning; “there will be a day of reckoning and…it will be ugly for the five large brokers”. My warning was based on StockDiagnostics.com's proprietary software, which monitors cash [...]
Gross said the situation remains precarious. His investment has repeatedly called the “new normal” of much slower growth rate than what the normal has been over the last 20 years. With another drop possible and continued deflation, he said 30-year bonds with a yield of 4.13 to 4.15 percent would become attractive.
Dow Industrials up 85 points yesterday. The shares of only six of the 30 were down; BA, JNJ, KO, MRK, WMT, XOM.
Volatility in the markets is picking up. China’s benchmark index fell by 4.3% overnight and is now down 20% from its 2009 peak, which occurred two weeks ago. The Chinese market fell by 70% [...]
Dow stocks down yesterday, Only KO and PFE were up nominally. Biggest loser was Alcoa, which was down 6%.
The Producer Price Index (PPI) was released this morning and came in below the estimates. According to the latest data the PPI was down by a record 6.8 percent lower in July. They had been forecast to [...]
Shareholders and investors breathed a sigh of relief after two of the largest and seemingly well capitalized remaining banks, J.P. Morgan Chase and PNC Financial slashed their dividends recently by 86% and 85% respectively. J.P. Morgan Chase’s shares actually rallied on the news because the party line has been that they are slashing dividends so [...]
For many of the last 10 years, the stock market’s major indices have experienced a Santa Claus rally. That has not happened this year. Yesterday the Dow Jones Industrials composite opened up by 100 points. It gave up the gains and fell by an additional 200 points after Standard & Poors issued a negative outlook [...]
Written by Michael Markowski on
July 18, 2010 – 11:13 am
