Entries Categorized as 'Dow'

DJIA: Does the Past Offer Hope?

Date October 15, 2008

After the horrid US data released this morning, there are plenty of reasons to believe that the equity markets including the Dow Jones Industrial Average are headed lower. We have argued that the next string of GDP reports will finally reflect the recessionary conditions that Americans are already feeling. However in every battle [...]

Historical Dow Charts

Date October 10, 2008

The Wall Street Journal has some great charts today that I think are important for historical reference:
The worst market slumps in the past 100 years

Top 10 Point Drops in the Dow

Oil Continues to Drive the Dollar

Date September 23, 2008

The eyes of everyone from investment managers to stock and currency traders were glued to testimony of the 3 biggest players in the latest financial crisis. US Treasury Secretary Paulson, Federal Reserve Chairman Ben Bernanke and SEC Chairman Cox urged the Senate Banking Committee to approve their request for $700B of taxpayer money. Instead [...]

US: Forget About a V-Shaped Recovery, Maybe a W or L

Date September 19, 2008

The volatility that we have seen in the currency, stock and bond markets this past week has not been for the faint of heart. The Dow Jones Industrial Average fell 500 points on Monday, but instead of continuing lower over the course of the week, it staged the biggest 2 day rally in 5 [...]

Dow 10k Could Mean USD/JPY at 100

Date September 15, 2008

On Friday, the Dow hitting 10,000 still seemed to be a remote possibility, but today, that is starting to become a reality. We have warned on near daily basis about the danger of carry trades. Although the EUR/USD’s reaction to the systemic risk in the financial markets was not as clear, there was a clearly [...]