[Chart courtesy of MarketWatch.com] Just as the major market indexes were about to violate their psychologically important milestones, that is 13,000 for the Dow and 1,400 for the S&P 500, news broke that there will be another fiscal cliff meeting forthcoming, as the House told their members to show up for work Sunday night at 6:30 pm. That’s all it took, and …
US Equities Slide Third Day In A Row On Budget Talk Concerns And Weak Retail Numbers
[Chart courtesy of MarketWatch.com] It was combination of weak retail numbers, showing that consumers spent less during this holiday season than last year, the ongoing fiscal cliff saga followed by low volume in the markets that provided neither upside ammunition nor any motivation for those left on Wall Street to get involved during the last few trading days of 2012. …
Indexes Slip As Fiscal Cliff Reality Looms; Food For Thought On Who Is Guilty
[Chart courtesy of MarketWatch.com] Fears about the looming fiscal cliff are taking on a new dimension as there is exactly one week left for the President and Congress to come together and avoid the mandatory spending cuts and tax increases. On extremely low trading volume, the equity indexes gave up ground for the second day in a row during today’s shortened session. …
Last Week In Review: ETF News And Blog Posts To 12/23/2012
In case you missed it, here’s a summary of the ETF topics and market reviews I posted to my blog during the week ending on 12/23/2012. Anxiety about the fiscal cliff outcome was overridden by continued hope that a compromise would be in the cards which lifted the S&P 500 by about 1%. Friday’s sell off brought back the sobering …
ETF/No Load Fund Tracker Newsletter For Friday, December 21, 2012
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2012/12/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-12202012/ ———————————————————— Market Commentary Friday, December 21, 2012 INDEXES SLIDE AS HOUSE SCRAPS TAX VOTE; EUROPE SINKS US equity indexes tumbled Friday, paring weekly gains, after House Republicans canceled a vote on higher taxes for top earners to avoid going over the fiscal cliff didn’t find enough …
Fiscal Cliff Regression As Negotiations Stall; Europe Rises On German Data
[Chart courtesy of MarketWatch.com] Stocks turned lower after a two-day rally, pulling the S&P 500 down from a two-month high, as negotiations to avert deep spending cuts and tax hikes hit a rocky patch, fuelling concerns the economy may go over the so-called fiscal cliff next year. White House Communications Director Dan Pfeiffer said President Obama would veto a tax …