9:00am (EST) “We went on record in mid-August and said the market could move 5% in September and 10% by year-end up or down depending on the headlines which is why we showed you the 10-year charts again. The targets we gave were Dow 14,000 or 12,600 in September followedRead more
Bulls Pushing Fluff
Don’t Fight the Fed
Bulls Fight Back to a Tie
Market Gets Shaky Ahead of Bernanke
12:40pm (EST) It figures the major indexes would go into Friday’s big Bernanke speech right at support, providing current levels hold. Today’s 1% pullback could be a stark reminder that if Big Ben can’t deliver some good news for the bulls, things could get ugly in a hurry. Tomorrow’s JacksonRead more
Pandora Media (P) Beats Estimates but Losses Continue
Draghi Cancels Jackson Hole Trip
12:30pm (EST) It’s rare we hear politicians say they have a “heavy workload” but that is the excuse European Central Bank (ECB) President Mario Draghi gave the Federal Reserve for why he won’t be attending the social outing in Jackson Hole this Friday. The talking heads are working themselves upRead more
One Down, Four to Go
Market End Mixed as Fed Looks Ready
9:00am (EST) The bulls were comfortably holding support heading into yesterday’s Fed Minutes so unless they said something terrible, there was a good chance there would be a market bounce if their production meeting earlier this month yielded any clues on possible further quantitative easing. Bingo. The Fed said “manyRead more