Written by Gary
Wow, what a ride today. Markets opened higher, moved to +2%, then took a nose dive back to the unchanged line and before you could say, 'what happened' the averages climbed back up and closed at the high of the day. DOW closed at +369, Nasdaq closed up almost 2.5% and oil closed higher in the high 42's. Most likely short covering caused the market rise this afternoon as some traders covered their shorts, before they had to change them.
Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary 'reading list' which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for 'reading list' items are gratefully reviewed, although sometimes space limits the number included.
This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).
BECOME A GEI MEMBER - IT's FREE!
Every day most of this column ("What We Read Today") is available only to GEI members.
To become a GEI Member simply subscribe to our FREE daily newsletter.
Caution! This video shows a woman being swarmed by a pack of snarling wolves. Anita had not been in Polar Zoo in about 2 months. When she returned i had the chance to film her first meeting in a long time with the wolves she spent a long time socializing from 16th of May 2008. The video is recorded in Polar Zoo.
Infographic Of The Day: Ten Ways To Fall Asleep On A Plane
Traveling on a plane can really be exhausting, especially if the trip is meant to last a while.
This widget provided by DailyForex.com Forex News & Brokers
27Aug2015 Market Update: DOW Pushing Up At 377 Points And Expected To Go Higher, WTI Oil Still Rising, But Nothing Has Really Changed This Week
3 Americans foiled a terror attack in a train in France, and were awarded the Legion d'honneur for it, the Republic's highest award. What does Charlie Rose have in common with these three servicemen? Answer: the Legion d'honneur.
Written by Gary
Well, so much for my guesses this today. Averages started climbing right out of the stating gate and have risen almost 2.5% so far. Oil could be the main factor as WTI has risen 2 points pushing the markets upward as it goes. Nothing has changed in the last week so the rise in oil has become suspect of manipulation and I have become especially nervous of a 'snap-back' to occur at any moment.
WTI oil could rise to 45 before encountering resistance, so you are kind of on your own here. All guesses welcome.
27Aug2015 Pre-Market Commentary: Futures Up One Percent, Oil Up And Steady, Investors Cautious About
26Aug2015 Market Close: Markets Skyrocketed To Close Higher, DOW Up Almost 4%, Nasdaq Up Over 4%, Vo
Of the four regional manufacturing surveys released to date for August, one shows weak manufacturing growth, one shows no growth, and two are in contraction.