Topsy Turvy Tuesday!

Everyone give back what you made yesterday as the DOW is down 112 points in early trading on investors waiting to hear what the FED has to say. Wal-Mart has increased its prices of about 6% on average in a month. Also worker productivity fell 0.9% for the first time in a year. This could be due to the fact that our economy is in a stand still mode where nothing is happening and investors seem to be ignoring the jobless claims. People are getting frustrated and don't enjoy working anymore if the money isn't going to work for them as they had to work for it. It's just the unfortunate truth.

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Monday!!

So it's Monday and the weekend has a lot of things happening. For example, HP's CEO resigned on harassment charges which has left the stock free falling 8 points in 2 days to 42.74. Other than that, the DOW is up 41.33 points in early trading as investors look to the Fed as they have a meeting this week. Investors are not gambling so far on the meeting as they have done earlier because of such a fragile market. They will announce how they think the economy is doing at the end of trading Tuesday.

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August 5th, 2010

The DOW is down 30 points in early trading as mortgage rates hit a record low for the sixth time in seven weeks. The lower trading is due to a spike in jobless claims which was unexpected as it still scares investors. The Labor Department said initial claims for unemployment benefits jumped to 479,000 last week from a 460,000 a week earlier. Economists polled by Thomson Reuters had forecast new claims would fall modestly to 455,000. This is a scary thought as the market has been increasing slightly that jobless claims are still increasing so are we still in growth or is it just a push for the market to come back? Let me know what you think!!


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1st Trading day of the month

The market is starting off the month strong with a gain of 175 points in the DOW due to the strong earnings results and better-than-expected manufacturing data prompted investors to build on last month's run-up. ndexes climbed to session highs after the Institute for Supply Management said the U.S. manufacturing sector grew in July for the 12th straight month, while the government reported construction spending unexpectedly rose in June. Look for the day to keep the DOW up 150 points if not more as there is still 5 hours left! Getting a little excited =]

If anyone reading wants to start trading and open an account with SCOTTRADE, right now they are offering 3 free trades to YOU if you sign up using someone's referral link so if you are thinking about it let me know and I'll send you mine.