Stocks Tumble, Recession worries, Standard & Poor 500 Index worst nine day slump since March 2009, Jobs reports dismal From Bloomberg August 4, 2011. “A global rout in equities drove the Standard & Poor’s 500 Index to its worst nine-day slump since March 2009, while two-year Treasury yields plunged to a record low amid concern [...]
Aug 4 2011 | Posted in
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Manufacturing Contracts, Wholesale Prices Decline, US Economy June data From Bloomberg July 15, 2010. “ Manufacturing in the U.S. contracted in June by the most in a year and wholesale prices declined more than anticipated, underscoring the Federal Reserve’s reduced forecasts for economic growth and inflation. Factory output fell 0.4 percent in June, a Fed report [...]
May pending home sales plummet, Down 30 percent From Bloomberg July 1, 2010. “The number of contracts to purchase previously owned houses plunged in May by more than twice as much as forecast after a homebuyer tax credit expired. The index of pending home resales dropped 30 percent from the prior month, figures from the [...]
Jul 1 2010 | Posted in
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Bear market signal, Wednesday, June 30, 2010, Dow theory From Market Watch June 30, 2010. “At least according to some interpretations of the venerable Dow Theory, a bear-market signal was generated at Wednesday’s close, when both the Dow Jones Industrial Average /quotes/comstock/10w!i:dji/delayed (DJIA 9,774, -96.28, -0.98%) and the Dow Jones Transportation Average /quotes/comstock/10w!i:djt (DJT 4,008, [...]
