Share Bazaar Live Sept. 07 '10 Part - 3
- Length: 16:20
- Views:
- Author: zeenews
A detailed look at the latest news in stock markets. For more news and analysis,log on to www.zeenews.com
Share Bazaar Live Sept. 07 '10 Part - 1
- Length: 18:4
- Views: 1
- Author: zeenews
A detailed look at the latest news in stock markets. For more news and analysis,log on to www.zeenews.com
Market Update - September 7, 2010
- Length: 4:6
- Views: 3
- Author: noramassetmanagement
The markets were down across the planet today with the exception of a few Asian countries that were up marginally. The Dow was down triple digit or 1%, and the NASDAQ and the S&P were both down more percentage wise at -1 1/4% each. Volume, however, was light with preliminary numbers coming in at 3 billion on the NYSE and 1.6 billion on the NASDAQ. Their 30 Day Moving Averages are 4.7 billion and 2 billion respectively. We are still in the lower 1/2 of the trading ranges but close to the midpoint for all 3 major indices. It was a very light news day today with the only economic data coming out today is the ABC Consumer Confidence at 5:00 EST. The survey or estimates are for -44 with the prior number being -45. We need to continue to get some good economic data for this "rally" to continue. Tomorrow, we get mortgage applications, The Fed's Beige Book, and Consumer Credit. Even though it was a very light news day, it was still all about the Fundamentals -- but over in Europe. Investors all over the world are again worried about the sovereign debt crisis in Europe. I thought that was behind us? Who knew? Wait a minute, we did, we told you it would come back and was briefly pushed back on the back pages of the papers because of the BP Oil Spill in the Gulf. Now it is back. Today, the European markets sold off today across the board, especially the banks. And it seems the banks didn't disclose all the sovereign debt they had on their books like they were supposed to in this ...
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