Daily Market Commentary for March 12, 2009 Federal Reserve released Quarterly Flow of Funds: U.S. Household net worth shrinks 9% to $51.48 in 4Q (read more at Millennium-Traders.Com)http://www.millennium-traders.com/news/newscommentary.aspxEconomic data released today:Retail Sales:U.S. February Retail & Food Sales fell 0.1% compared to consensus of a drop by 0.4%; US February Retail & Food Sales Excluding-Autos rose 0.7%; January Retail & Food Sales Revised to increase by 1.8% from ...
Read the rest of this entry » Posted on May 20th, 2012
Daily Market Commentary for March 11, 2009 Check the headlines of the financial markets each day and it's almost a certainty that you will read about another Ponzi scheme uncovered by the Securities Exchange Commission. (read more at Millennium-Traders.Com)http://www.millennium-traders.com/news/newscommentary.aspxEconomic data released today:MBA Purchase Applications:U.S. MBA Market Index rose 11.3% at 723.4; U.S. MBA Market Index came in at 649.7 last week; U.S. MBA Purchase Index rose 7.1% at ...
Read the rest of this entry » Posted on May 19th, 2012
Daily Market Commentary for March 10, 2009 Traders and Day Traders in the USA are preparing themselves for possible reintroduction of the Uptick Rule.(read more at Millennium-Traders.Com)http://www.millennium-traders.com/news/newscommentary.aspxEconomic data released today:ICSC-Goldman Store Sales:U.S. Chain Store Sales fell 0.9% on the year; U.S. Chain Store Sales for week of March 7 rose 0.2%.Redbook:U.S. Retail Sales fell 0.2% during first week of March versus February. On a year-on-year ...
Read the rest of this entry » Posted on May 18th, 2012
Daily Market Commentary for March 6, 2009 With the unemployment rate striking a 25 year high with 14 consecutive months of job losses, try as we might, it's hard to find any good news out there. (read more at Millennium-Traders.Com)http://www.millennium-traders.com/news/newscommentary.aspxEconomic data released today:Employment Situation:U.S. February Nonfarm Payrolls -651K compared to consensus of -652K; U.S. February Unemployment Rate 8.1% compared to consensus of 8.0%; U.S. February Average ...
Read the rest of this entry » Posted on May 17th, 2012
Daily Market Commentary for March 4, 2009 from Millennium-Traders.ComMortgage modifications announced today by the Obama Administration played a key role in the Wall Street rally today. (read more)http://www.millennium-traders.com/news/newscommentary.aspxEconomic data released today:MBA (Mortgage Bankers Association) Purchase Applications:U.S. MBA Refinance Index fell 15.3% to 3063.4 compared to previous week at 3618; U.S. MBA Purchase Index fell 5.6% to 236.4 compared to previous week at ...
Read the rest of this entry » Posted on May 16th, 2012
Daily Market Commentary for March 3, 2009 from Millennium-Traders.ComAuto manufacturers details released sales data for the month of February and the results were far from pretty: (read more)http://www.millennium-traders.com/news/newscommentary.aspxEconomic data released today:Pending Home Sales Index:Per National Association of Realtors, U.S. Pending Home Sales Index fell 7.7% in January; US January Pending Home Sales fell 6.4% from January 2008.At the NYSE closing bell on the New York Stock ...
Read the rest of this entry » Posted on May 15th, 2012
Daily Market Commentary for February 27, 2009 from Millennium-Traders.ComThe New York Stock Exchange has relaxed its listing requirements for companies whose shares have dropped below $1 for 30 consecutive days. (read more)http://www.millennium-traders.com/news/newscommentary.aspxEconomic data released today:Gross Domestic Product (GDP):U.S. 4Q GDP Revised to drop of 6.2% Rate from drop by 3.8%; U.S. 4Q GDP Consensus down 5.4%; U.S. 4Q Real Final Sales Revised to drop of 6.4% Rate from drop by ...
Read the rest of this entry » Posted on May 14th, 2012
Daily Market Commentary for February 26, 2009 from Millennium-Traders.ComCommercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported a net loss of $26.2 billion in the fourth quarter of 2008, a decline of $27.8 billion from the $575 million that the industry earned in the fourth quarter of 2007 and the first quarterly loss since 1990. (read more)http://www.millennium-traders.com/news/newscommentary.aspxEconomic data released today:Jobless ...
Read the rest of this entry » Posted on May 13th, 2012
Daily Market Commentary for February 24, 2009 from Millennium-Traders.ComAIG...where do all those billions of dollars go? (read more)http://www.millennium-traders.com/news/newscommentary.aspxEconomic data released today:U.S. Consumer Confidence:February Consumer Confidence came in at 25 versus January reading at 37.4; February Present Situation Index came in at 21.2 versus January 29.7; February Expectations Index came in at 27.5 versus January 42.5; Consumer Confidence hits historic low in ...
Read the rest of this entry » Posted on May 12th, 2012
In such volatile times there will always be opportunities to make a profit and plenty of opportunities to lose more.One industry that has been thriving is the spread betting industry. Whilst there is currently a ban on shorting financial stocks, investors are still enjoying the ability to buy and sell indices like the FTSE 100, thousands of other stocks and shares, forex markets, crude oil, gold etc. etc. Naturally many investors like the fact that there are no commissions or brokers fees and ...
Read the rest of this entry » Posted on May 11th, 2012