WARNING: The Dow Jones Industrial Average has now reached pre Lehman Bros. levels. The DJIA finished just above its close on Friday September 12, 2008. This article is a good macro review of the days happenings.
http://www.marketwatch.com/story/dow-back-to-pre-lehman-level-2010-11-04
Jean-Claude Trichet vs. Ben Bernanke, ECB vs. the Fed, Quantitative Easing vs. Exit Strategy ... Who's right? Which is headed in the right direction? What will work best? All of these questions are to be examined in the next few weeks, months, and possibly years; all of this comes after President Jean-Claude Trichet announced that the European Central Bank would not stray from its plans of an exit strategy. This announcement in so many ways contradicts the ideas and beliefs expressed by the Federal Reserve yesterday. Obviously these are two different economies, but in a global economy where everything is connected, something about these two offsetting statements seems a bit fishy. We will see what is to come.
http://www.bloomberg.com/news/2010-11-04/trichet-says-interest-rates-are-appropriate-as-ecb-gauges-fed-ireland.html
ChartFacts gives you 3.6 Million Data sets to build and share charts with. For those of you who do not have access to a Bloomberg Terminal, or other type of charting software, you need to try this out. You should be on seeking alpha anyway, but if your not then go sign up. Add the application and start charting. Here's the link to the article:
http://seekingalpha.com/article/234374-chartfacts-3-6-million-data-sets-at-your-fingertips?source=hp_wc&wc_num=2
And here is a sample chart (This does the application no justice, but you can customize everything. ChartFacts is extremely powerful):
Kevin and Shane
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