March, 2009
LiveWire Economics Blog - March 11, 2009 13:14
Tuesday’s stock market may offer reasons to buy
One of the common adages of investing is that market tops are developments and market bottoms are events. If Tuesday’s nearly 6 per cent Dow spike and 7 per cent NASDAQ climbs are any indication, the “big event” may have occurred Monday when the Dow dropped to 6,547. But was it really the bottom?
Hope Now: Once More, with Feeling
“Any house bought for ‘No Money Down’ should become a no money home, a free gift to the debtor. How’s that for putting a floor under prices…?”
US automakers back in the news
General Motors and leading banks sent another major ripple through US equities Thursday. GM warned of a possible bankruptcy which was not welcomed news given that the company has already received a significant amount of bailout funding. The company says that it is burning through cash so quickly that it might not be able to [...]
Gold Bounces as Stocks, Oil & Euro Show Strong Correlation
THE SPOT PRICE of physical gold rose Wednesday lunchtime in London, cutting yesterday’s 2.6% loss in half as world stock markets also bounced hard.
Dollar gaining on Euro and Pound
The dollar has made a surge against the Euro and Pound, along with several other major currencies, in the last few days. Even as the Dow fell sharply below 7,000 points, closing at 6,726 Tuesday (March 3), the dollar remains poised to break through near-term highs against its European counterparts.
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