Stocks rallied today for the first time this year. The Dow opened higher then went red before a late rally pushed the index to a gain of 117 points at 16,516. Trading volume was on the higher end. Tonight will be the final “State of the Onion” speech by President Obama. It will be interesting…Read more
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Oil prices continue to break down sparking concerns that low prices reflect a weakening global economy with the epicenter located in China. The Dow ended the day up 51 to 16,397 thanks to a late rally. Trading volume was higher. WTI crude today fell 5.9% to $31.20 a barrel. During the day it had traded…Read more
Stocks rallied, waffled and then fell as gurus pointed out that despite tensions in China, the US is not in a recession nor does it appear to be headed for one even though the energy sector is not doing ….”well”. The energy sector however makes up 12% of the S&P 500 Index and with gurus…Read more
Stocks continued to trade under pressure as the Dow fell 392 to 16,514 on heavy trade. US stocks fell because fears of a China slowdown sparked a global selloff which might threaten the tepid US GDP growth rates. Some analyst’s now feel that weakness in China and the US oil patch can no longer be…Read more
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