Global Economic Intersection
Advertisement
  • Home
  • Economics
  • Finance
  • Politics
  • Investments
    • Invest in Amazon $250
  • Cryptocurrency
    • Best Bitcoin Accounts
    • Bitcoin Robot
      • Quantum AI
      • Bitcoin Era
      • Bitcoin Aussie System
      • Bitcoin Profit
      • Bitcoin Code
      • eKrona Cryptocurrency
      • Bitcoin Up
      • Bitcoin Prime
      • Yuan Pay Group
      • Immediate Profit
      • BitQH
      • Bitcoin Loophole
      • Crypto Boom
      • Bitcoin Treasure
      • Bitcoin Lucro
      • Bitcoin System
      • Oil Profit
      • The News Spy
      • Bitcoin Buyer
      • Bitcoin Inform
      • Immediate Edge
      • Bitcoin Evolution
      • Cryptohopper
      • Ethereum Trader
      • BitQL
      • Quantum Code
      • Bitcoin Revolution
      • British Trade Platform
      • British Bitcoin Profit
    • Bitcoin Reddit
    • Celebrities
      • Dr. Chris Brown Bitcoin
      • Teeka Tiwari Bitcoin
      • Russell Brand Bitcoin
      • Holly Willoughby Bitcoin
No Result
View All Result
  • Home
  • Economics
  • Finance
  • Politics
  • Investments
    • Invest in Amazon $250
  • Cryptocurrency
    • Best Bitcoin Accounts
    • Bitcoin Robot
      • Quantum AI
      • Bitcoin Era
      • Bitcoin Aussie System
      • Bitcoin Profit
      • Bitcoin Code
      • eKrona Cryptocurrency
      • Bitcoin Up
      • Bitcoin Prime
      • Yuan Pay Group
      • Immediate Profit
      • BitQH
      • Bitcoin Loophole
      • Crypto Boom
      • Bitcoin Treasure
      • Bitcoin Lucro
      • Bitcoin System
      • Oil Profit
      • The News Spy
      • Bitcoin Buyer
      • Bitcoin Inform
      • Immediate Edge
      • Bitcoin Evolution
      • Cryptohopper
      • Ethereum Trader
      • BitQL
      • Quantum Code
      • Bitcoin Revolution
      • British Trade Platform
      • British Bitcoin Profit
    • Bitcoin Reddit
    • Celebrities
      • Dr. Chris Brown Bitcoin
      • Teeka Tiwari Bitcoin
      • Russell Brand Bitcoin
      • Holly Willoughby Bitcoin
No Result
View All Result
Global Economic Intersection
No Result
View All Result

DOW Off 2183 Points At Market Close

admin by admin
August 28, 2012
in Uncategorized
0
0
SHARES
6
VIEWS
Share on FacebookShare on Twitter

Closing Market Commentary For 08-28-2012

O.K. The decimal point is off a bit. Believe me my title is as much excitement the whole day had to offer as we suffered through another do-nothing session. Low volume, miniscule movements and stupid excerpts from imbecilic politicians.

Seriously, you can take tomorrow off as it will be another session like today. Just be sure to be here Thursday and Friday as there may be fireworks (I wish).

Zacks provides one view of the low volume which could very well be just the opposite where low volume means investors are scared of the future and are not willing to bet the farm. It also means they are VERY concerned about China making a hard landing, war with Iran and the EU going into a double-dip recession. Personally, I am not one of those in the placated state that everything in the near future is going to be O.K. And I remain cautious.

@zacks:

“one noteworthy thing about the last few weeks equity rally is the really low volatility. This is not like anything visible in the past few years.  It speaks to a steadier and more gathered consensus about earnings, and the diminishing possibility seen of big threats, at least in the minds of those who participate in equity markets.”

The RRR** is again very narrow at the closing bell and any trades probably ended up on the unprofitable side as this market remains flat. Swing trading is at your own risk and being the market is at a crossroads of sorts, I would prefer to sit on my hands rather than risk guessing incorrectly.

The DOW at 4:00 is at 13102 down 21.83 or -0.17%.

The 500 is at 1409 down 1.13 or -0.08%.

The $RUT is at 814.28 up 3.87 or 0.48%.

SPY is at 141.37 down 0.14 or -0.12%.

The trend is neutral and the current bias is neutral.

 

WTI oil is at 96.08 trading between 95.15 and 96.45 and the bias is neutral.

Brent crude is at 112.47 trading between 111.70 and 113.10 and the bias is neutral.

Gold is at 1666.77 trading between 1656.80 and 1672.30 with a neutral bias.

Dr. Copper is at 3.46 down from 3.47 earlier.

Earlier the USD tumbled from 81.84 to 81.27 and is currently at 81.36.

The 500 at the close.

The DOW at the close.

@telegraph:

Fitch has just downgraded seven Italian banks. The medium-sized lenders, including Banca Popolare di Sondrio and Banco di Desio e della Brianza were downgraded as part of an ongoing review. In a statement, Fitch said the downgrades reflected “the pressure arising from the current challenges in the operating environment, where access to wholesale funding has become more difficult and pressure on profitability remains high.”

Fitch currently expects Italian GDP to contract by 1.9pc in 2012 and to show zero growth in 2013.

A fairly lacklustre day on the markets. The FTSE 100 has closed flat, at 5,775.71, while the CAC 40 in Paris has closed down 0.9pc at 3,431.55 and the FTSE Mib in Milan has finished flat, at 14,993.01.

@ComstockPartners:_____

The Market Looks Toppy Fundamentally And Technically

The market is giving signs that it has discounted any possible good news and that the rally is over.  Europe has been in one of its periodic, but temporary, quiet periods that has encouraged the market while slipping further into recession.  At the same time the long-term policy moves required to unify the EU is not likely to be accomplished before a capital flight from Italy and Spain forces their hand.[More]

** RRR = Risk Reward Ratio

To contact me with suggestions or deserved praise:

[email protected]

Written by Gary

Previous Post

Noontime Markets Flat Little Activity

Next Post

New York Stock Exchange Seats Losing Value?

Related Posts

India’s Largest Retailer Tests Digital Rupee
Economics

India’s Largest Retailer Tests Digital Rupee

by John Wanguba
February 5, 2023
Apple Forecasts Another Plunge In Revenue, Says iPhone Production Issues Over
Business

Apple Forecasts Another Plunge In Revenue, Says iPhone Production Issues Over

by John Wanguba
February 5, 2023
U.S. Weekly Jobless Claims Dropped To 9-Month Low; Productivity Gains Accelerate
Economics

U.S. Weekly Jobless Claims Dropped To 9-Month Low; Productivity Gains Accelerate

by John Wanguba
February 5, 2023
Bitcoin Flirts With $24K, How High Will It Go?
Economics

Bitcoin Flirts With $24K, How High Will It Go?

by John Wanguba
February 3, 2023
Venezuela's PDVSA Toughens Oil Prepayment Terms
Business

Venezuela’s PDVSA Toughens Oil Prepayment Terms

by John Wanguba
February 2, 2023
Next Post

New York Stock Exchange Seats Losing Value?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

Browse by Tags

adoption altcoins banking banks Binance Bitcoin Bitcoin adoption Bitcoin market Bitcoin mining blockchain BTC business China crypto crypto adoption cryptocurrency crypto exchange crypto market crypto regulation decentralized finance DeFi Elon Musk ETH Ethereum Europe finance FTX inflation investment market analysis markets Metaverse mining NFT nonfungible tokens oil market price analysis recession regulation Russia technology Tesla the UK the US Twitter

Archives

  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • August 2010
  • August 2009

Categories

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized
Global Economic Intersection

After nearly 11 years of 24/7/365 operation, Global Economic Intersection co-founders Steven Hansen and John Lounsbury are retiring. The new owner, a global media company in London, is in the process of completing the set-up of Global Economic Intersection files in their system and publishing platform. The official website ownership transfer took place on 24 August.

Categories

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

Recent Posts

  • India’s Largest Retailer Tests Digital Rupee
  • Apple Forecasts Another Plunge In Revenue, Says iPhone Production Issues Over
  • U.S. Weekly Jobless Claims Dropped To 9-Month Low; Productivity Gains Accelerate

© Copyright 2021 EconIntersect - Economic news, analysis and opinion.

No Result
View All Result
  • Home
  • Contact Us
  • Bitcoin Robot
    • Bitcoin Profit
    • Bitcoin Code
    • Quantum AI
    • eKrona Cryptocurrency
    • Bitcoin Up
    • Bitcoin Prime
    • Yuan Pay Group
    • Immediate Profit
    • BitIQ
    • Bitcoin Loophole
    • Crypto Boom
    • Bitcoin Era
    • Bitcoin Treasure
    • Bitcoin Lucro
    • Bitcoin System
    • Oil Profit
    • The News Spy
    • British Bitcoin Profit
    • Bitcoin Trader
  • Bitcoin Reddit

© Copyright 2021 EconIntersect - Economic news, analysis and opinion.

en English
ar Arabicbg Bulgarianda Danishnl Dutchen Englishfi Finnishfr Frenchde Germanel Greekit Italianja Japaneselv Latvianno Norwegianpl Polishpt Portuguesero Romanianes Spanishsv Swedish