Posts Tagged ‘Dow Jones’

Stock market goes bear hunting?

Tuesday, July 6th, 2010

The Dow Jones and S&P 500 are up today, but recent dips due to the disappointing unemployment numbers from Friday, as well as deeper pullbacks from earlier in the year, have some analysts wondering if what was once thought of as a correction is actually the beginning of a longer-term bear market. This CNBC piece suggests that a bear market is looming, with one analyst saying that the market is pricing in a significant slowdown. For the markets piece in our August issue, we spoke with analysts who were of differing opinions about where stock indexes were headed for the rest of the year. Some saw a recovery in the fall, while others agreed that a long-term bear market is on the horizon.  Be sure to check out the complete analysis on stock indexes in our August issue, online July 26, and let us know where you think the market is headed and how you’re planning your trading accordingly in the comments below.

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Fun with indexes

Tuesday, February 2nd, 2010

CME Group is in talks to buy Dow Jones Indexes, according to The Financial Times, which reports that a deal would cost CME Group $700 million. This Wall Street Journal story cites the advantages of the deal, including cost cutting (as CME Group now pays Dow Jones licensing fees) and protecting the CME Group’s existing business lines. It’s unclear how or if this would affect CME Group’s current exclusive licensing agreement with S&P indexes. A CME Group spokesperson would not comment on anything specific. Do you think the deal will happen? Would it affect your trading? Leave your thoughts in the comments section below.

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Recovery in 2010?

Wednesday, January 20th, 2010

There was a rosy picture painted for the U.S. dollar, earnings and the economy at large at Dow Jones Indexes‘ 2010 Global Economic Outlook today. Analysts predicted a rebound in global economic activity.  Kevin Logan, an independent global economist, said by the middle of this year, estimates for global GDP growth in 2010 are likely to be double what they were in the middle of 2009.  Analysts said that the dollar would start out the year weak, with a recovery sometime in mid-2010.

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Be careful of what you hear

Tuesday, August 5th, 2008

I am often amazed at how market analysts and journalists quickly apply cause and effect in the markets with little or no evidence. We have commented here in the past how dangerous it is to attach two seemingly unrelated events. A market can only go up, down or move sideways so there are usually numerous causes you can credit or blame for a market move.

Case in point is this morning’s rally in equities; the Dow Jones Industrial Average is up about 200 points as of mid-morning. In fact it was up by more than 100 points on the first five-minute bar of the day, which would suggest overnight news moving the market.

The early wire stories attributed the move to a drop in crude oil. However, crude oil was actually rallying in the pre open hours and at the time equity markets were spiking higher.

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