Wall Street had its ear close to the ground towards the end of last week, listening closely to the chatter emanating out of the Fed-sponsored 2013 Jackson Hole Economic Policy Symposium. One sound they surely didn’t hear was the mellifluous musings of soon-to-be-out-the-door Federal Reserve Chairman Ben Bernanke, who chose not to attend for the first time since his inaugural year way back in 2006.

It is probably a safe assumption that his name did get bandied about by those who did attend the conference, consisting of many of the world’s central bankers and officers. Read more about ETF Periscope: Jackson Hole Still Makes Noise Without Bernanke

daniel / Tag: DJIA, COMP, SPX, FDN, SOXX, FXL, SMH, QTEC, IGV, VGK Fed, BERNANKE, Jackson Hole, Larry Summers, Janet Yellen, QE3 / 0 Comments

The lack of money is the root of all evil.”—Mark Twain

Friday’s market action was more schizophrenic than usual, as traders and investors couldn’t decide if the unexpectedly upbeat unemployment report was enough to offset growing concerns about the new earnings season, slated to begin next week. Read more about ETF Periscope: Ladies and Gentlemen, Start Your Earnings Season

daniel / Tag: AA, VXX, VIX, Eurozone, China, QE3 / 0 Comments

“Experience: that most brutal of teachers. But you learn, my God do you learn.” -- C.S. Lewis

To a certain degree, Wall Street is somewhat in Alice-in-Wonderland territory, where up is frequently down and vice-versa. How else can anyone explain an equity market that is pushing five-year highs even though U.S. growth is virtually stagnant, unemployment numbers are stubbornly stuck at plus 8% levels, and the global economy is, in general, teetering around recessionary levels? Read more about ETF Periscope: Upside-Down Wall Street, as Weak Job Numbers Goose the Market

daniel / Tag: DJIA, SPX, BERNANKE, FED, QE3 / 0 Comments

The European Central Bank (ECB) announced a bond-buying plan Thursday that lifted U.S. Markets to levels we haven’t seen since 2007. China followed suit with a post on the National Development and Reform Commission’s (NDRC) website announcing plans to boost infrastructure spending.  Together, these announcements helped investors feel better about global growth. 

Just as the market was feeling like the “sky was the limit,” the US payroll report this morning was so bad that the market reacted like “a rebel without a clue” by continuing higher.   The reason for today’s continued rally “into the great wide open” is predicated on the belief that the Fed will announce some version of QE3 next week.  Read more about Dark Horse Trader's Hedge: Market Moves Into the Great Wide Open, Option Review September

sbrown / Tag: LCC, WDC, STX, HUN, RED, ECB, QE3 / 0 Comments

All things are subject to interpretation; whichever interpretation prevails at a given time is a function of power and not truth.” -- Friedrich Nietzsche

Expect the market to bounce around sideways until Friday, as Wall Street waits on the top acts to perform at this week’s annual Jackson Hole summit. After that, investors might come away with a clearer picture as to the health, or lack of it, of the current uptrend. Read more about ETF Periscope: Wall Street Awaits the Bernanke & Draghi Show Live From Jackson Hole

daniel / Tag: DJIA, SPX, VIX, BERNANKE, Draghi, Weidmann, Eurozone, QE3, FED, ECB / 0 Comments