Stories of the Day is back ... enjoy
In the spirit of including a technical analysis piece, I had to give you this. I don't claim to be a scientist, so I don't know how this works, but apparently sun spots are used to predict financial crisis'. This comes from a money manager who is said to have a good reputation. 2013 is going to be a tough year for the markets according to the man who called the top of the Dow in 2007 and incorrectly called for Dow 5,000 last summer. Take it for what it's worth (here)
The average shopper spent $365.34 over the thanksgiving weekend, up 6.4% from last year. Shoppers were hungry for "doorbuster" deals this year. I am not as inspired by this number as other people are. Consensus was that there were better deals this year, and I think consumers need those deals to get them in the doors. Check out the statistics and predictions (here)
Another exciting day in the markets is behind us. European debt worries continued to cause euro depreciation. As we have seen, when dollar is up, US stocks are down. If we cannot break that trend, I feel that we may be in for a decent size correction to finish off 2010. Oh yeah, gold rose again as well. Check out the recap (here)
Kevin
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