Issue: 11/15/07 Thursday By Global Economy Guru, Tom Harvey… The purpose of these daily articles is to highlight those events that are shaping your economic reality in a way that you can understand the fundamental things that are moving the markets up and down. Through this educational process, I sincerely hope that you can make [...]
Issue: 11/14/07 Wednesday Let’s get back to the reality of what’ going on in the markets. Yesterday was one of the biggest up days in stock market history. Today, the stock market kept going up, right until the last few minutes of trading, and ended up losing 76 points. That downdraft you felt today [...]
Issue: 11/13/07 Tuesday In the midst of chaos, those that stay calm are probably dead. That’s where the markets are today – in chaos. So, let’s take a breather from the loud, chaotic daily fun, and talk about something some of you have recently asked me about –– Recession – What is it? A [...]
Issue: 11/12/07 Monday I was reading the USA Today and it had a lead article in their Business section on the DOW Theory. I thought this was a timely reminder to me to write a little bit about “Technical Indicators” and what better way to talk about it than to quote the best stock market [...]
Issue: 11/09/07 Friday The big news today was that the Dow went down 224 points. This is a follow-on from the market falls of the week, and is directly caused by financial results leaking out of our national financial institutions, like today’s announcements from Wachovia and JP Morgan. No know, if all these institutions would [...]
Issue: 11/07/07 Wednesday What a great day. The market caught up with itself, as I predicted yesterday. The DOW went down 360 points. More importantly, the dollar hit a very big new low against most currencies. It crashed all the way to 1.4731 against the Euro, but ended up at 1.4637. The Yen went down [...]
Issue: 11/06/07 Tuesday Today was a VERY interesting day. The DOW and the entire stock market went up (just at the end of the day), but more indicative, most currencies hit NEW HIGHES against the dollar, and Oil hit a NEW HIGH, and Gold is soaring again. The odd man out in this picture is [...]
Issue: 11/05/07 Monday The entire market went sideways today. The Dow went down 52 points because the sellers got scared about Citibank losing more money. Nothing much else of significance happened. The Citibank story of their declaring they are probably going to write down an additional amount somewhere between $8B and $11B just sounds really [...]
Issue: 11/02/07 Friday Today, the stock market didn’t tell you what’ going on as it only went up 27 points. However, the bond market was LOUD in it predictions, as were commodities (oil and gold). Gold is now over $800 per ounce for your gold buffs. The dollar continues to fall to a new low [...]
Issue: 11/01/07 Thursday – A Bond Lesson…. We live in turbulent times, and it was the stock market’s turn to become turbulent. The Dow fell 2.6% – a very large 362 point drop off the cliff. Why?? Well, people are getting worried about what the Fed said yesterday (you can’t discount the potential of inflation [...]
