Tag Archives: S&P500

Within the Vice-like Grip of the Secular Bear

Posted on September 11, 2012 by MN Gordon

The Labor Department released the August jobs report last Friday.  The median estimate of economists surveyed by Bloomberg was for a gain of 130,000 jobs.  The actual number of new jobs created was just 96,000. This means several things.  First … Continue reading →

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Providence Is With Us

Posted on September 7, 2012 by MN Gordon

Yesterday European Central Bank President Mario Draghi announced what could be an unlimited bond buying program to save the euro.  Later in the day, after running up 28 points, the S&P 500 closed at its highest level since before Lehman … Continue reading →

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The Fed’s Hands are Tied, For Now

Posted on August 21, 2012 by MN Gordon

The stock market’s on a six week win streak.  What’s more, from June 4 through last Friday the DOW’s up 9.7-percent.  Can you believe it? We thought the stock market would meltdown this summer like Charlie Sheen following a weekend … Continue reading →

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Get Ready for a Massive Stock Market Selloff

Posted on July 20, 2012 by MN Gordon

On Tuesday, Federal Reserve Chairman Ben Bernanke’s made his semiannual monetary policy testimony before the Senate Banking Committee.  Washington and Wall Street wanted QE3.  Bernanke demurred. Following the testimony, Senator Chuck Schumer told Federal Reserve Chairman Ben Bernanke to “get … Continue reading →

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