Friday Wrap-Up: Finally, after two big disappointing events, the third mega event of the week brought smiles on the faces of bulls. On Wednesday Federal Reserve decided to do nothing to address the sluggish growth. On Thursday, ECB said that it may do something but did not say when. So the markets were generally in…
Here is what I am reading: Rogoff Sees World Wishing It’s America Year After S&P Downgrade (Bloomberg) Bernanke: despite recovery, many struggling (Reuters) The Clinton Tax Challenge for Republicans (Bruce Bartlett) Year After S&P’s Rating Downgrade, US Treasuries Trade 1% Lower (Next New Deal) China Is Closing In On A Major Turning Point: It May…
Weekly Pivots For The Week Of August Monday 06, 2012: Dow S&P500 NASDAQ DJTRA FTSE DAX Previous 13,076 1,386 2,958 5,127 5,627 6,689 Open 13,075 1,386 2,959 5,127 5,627 6,729 High 13,133 1,394 2,977 5,160 5,794 6,877 Low 12,779 1,355 2,891 4,931 5,626 6,596 Close 13,096 1,391 2,968 5,086 5,787 6,866 Change % 0.2%…
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