Good Morning
Just want to do a quick recap on Mr bernanke, He once again said he'll lower rates again if he has too. He expected slower growth the first half of 08 and then a steady pick up of growth later in 08 and 09. The dollar steadily weakened this morning as it does most times bernanke talks.
For the most part i agree with Mr Bernanke, Even though i think he's an idiot. Slower growth is always expected the first qaurter. This year its put in the spot light a bit because of the credit and mortgage crisis. I do see a slight pick up in the economy as we get out of the first qaurter of 08.
JP
Showing posts with label Ben Bernanke. Show all posts
Showing posts with label Ben Bernanke. Show all posts
Thursday, February 14, 2008
Wednesday, January 30, 2008
Daily Fundamentals 1/30/2008
Good Day,
Busy trading this morning,
Big news day today. Starting out the ADP Nonfarm employment change came out up 130K. Advance GDP Annualized came out down .06%.
But, Later this afternoon we have Mr Bernanke speaking. As usual he'll mystify the trading community with his idiotic statements. But it should create a good money making opportunity.
JP
Busy trading this morning,
Big news day today. Starting out the ADP Nonfarm employment change came out up 130K. Advance GDP Annualized came out down .06%.
But, Later this afternoon we have Mr Bernanke speaking. As usual he'll mystify the trading community with his idiotic statements. But it should create a good money making opportunity.
JP
Monday, January 28, 2008
Daily Fundamentals 1/28/2008
Good Morning,
Finally we have a good news week this week. Fed meeting this week will be a nice mover depending on what bernanke does. but, i believe he'll do something crazy. Today we only have new home sales coming out at 10am. The projection for that number is 645k.
Finally we have a good news week this week. Fed meeting this week will be a nice mover depending on what bernanke does. but, i believe he'll do something crazy. Today we only have new home sales coming out at 10am. The projection for that number is 645k.
Wednesday, January 23, 2008
Daily Fundamentals 1/23/2008
Good Morning
Its been crazy in the market for day traders. People are getting slammed left and right. I'd even wait for a more weeks to start buying more into mutual funds and long term investments. The Nikkei closed last night up 256 after the feds statement. There are talks about Ben Bernanke might cut rates even more. These are some crazy times on the market place. Be Careful!!
JP
Its been crazy in the market for day traders. People are getting slammed left and right. I'd even wait for a more weeks to start buying more into mutual funds and long term investments. The Nikkei closed last night up 256 after the feds statement. There are talks about Ben Bernanke might cut rates even more. These are some crazy times on the market place. Be Careful!!
JP
Tuesday, January 22, 2008
Daily Fundamentals 1/22/2008 Breaking News!
The Federal reserve chairmen cut rates by .75 percentage points, This sent the futures and forex markets into a frenzy. dollar/yen moved nearly 200 points, and gold shot up nearly 20 dollars. but, is suspected to return to its moving average.
All international markets were down yesterday, European markets were down 200, Asian markets down 750 and US markets down 59 points. Its going to be interesting to see what the markets do after the fed cut.
I'd be careful today, Extreme Volatility....
All international markets were down yesterday, European markets were down 200, Asian markets down 750 and US markets down 59 points. Its going to be interesting to see what the markets do after the fed cut.
I'd be careful today, Extreme Volatility....
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