STOCK MARKETS

01.05.16 World Stock Market 1/2 Eaten Deathburger Watch: Burp! Shanghai Burgers are Getting Old

by John Galt January 4, 2016 20:50 ET Ugh. No sleep again and here we go again. With US futures gaining no traction after the market close as demonstrated below (chart updates automatically courtesy of FINVIZ): Up only around 3 points now means that down is now the new up and bearish means we’ll rally back to the bottom part of the trading range and everything will be okie dokey. Or not. Meanwhile these Tweets from Bloomberg’s David Ingles indicates all may not be well in the land of the Communist…


03.02 Middle East Stock Markets Reaction to Ukraine Crisis: Zero, Zip, Nada

  by John Galt March 2, 2014 14:30 ET To say the crisis is being played up in Europe is one thing but the reaction of the first stock markets to open since the Russian invasion of the Ukraine was muted at best, irrelevant to even the most seasoned observer. First up for review is the Abu Dhabi General Index moving quietly down 0.29%: (all charts courtesy of Bloomberg.com) The Dubai Market in the UAE was down slightly more, some 0.85% but nothing to panic about: The Kuwait Stock Exchange Index…


8/27 Middle East Markets Camel Slammed; Dubai down over 6%

  by John Galt August  27, 2013 05:30 ET Gee, I wonder if any FOO’s (Friends of Obama) were short the market before Secretary of State Kerry’s announcement yesterday. Meanwhile over in the land of camels one rides instead of smokes equity markets are getting toasted like an animal carcass in the Saudi desert. Dubai is leading the way down with a 6.52% decline: (chart from Bloombeg.com) Saudi Arabia’s TASI is not far behind with an over 3.5% drop: (chart from Bloombeg.com) A quick look at other markets around Asia and…


How Bad is the Fiscal Cliff Negotiation? Check this out…

  by John Galt December 30, 2012 15:05 ET     The Drudge Report has been tweeting and flashing headlines all afternoon but this blog entry via the Washington Post says it all:   McConnell reaches out to Biden — after dysfunctional Reid botch   Seriously?   RINO McConell who has betrayed every conservative and constitutional minded American in his entire reign of globalist terror is reaching out to this buffoon?     Just wow. If you’re not short stocks heading into Monday’s trade, you’re an idiot. Between the Crying Game…


06.03.12 Middle East Market Update: Israel down 2%, Saudi Flat, Others down 1-2%

  by John Galt June 3, 2012 07:50 ET   Here we go again. With the Saudi market bouncing back into a positive move for the day, albeit small (0.34%) and looking to close relatively flat there was some hope that the markets might recover in the Middle East to put a floor under U.S. collapse on Friday. Unfortunately the rest of the region is down but not as bad as the TASI yesterday so it would appear everyone is waiting to see what Asia does, especially since the U.K. is…


No Picture

Israeli TASE follows US Markets down 1.76% Today

by John Galt May 6, 2012 09:50 ET   The Israeli TASE Stock Market has followed the Dow and S&P 500 and the downside swoon after Friday’s disappointing NFP numbers with a 1.76% decline of its own today:     With the elections in France and Greece along with the instability in U.S. Markets equity trading worldwide could become very volatile as the results are announced tonight. Stay tuned as information begins to fly in from the two European nations in turmoil as election results start to flow in after 2…


4.8.12 Middle East Markets: Mixed but generally Down

by John Galt April 8, 2012 11:00 ET The anticipation building up for the open of U.S. futures tonight is highlighted by the action in the Israeli and Arab markets which were open for trading today. In lieu of the non-farm payroll data, the theory is that there will be a decent sized plunge at the open of the US markets. The Saudi market probably illustrates the pattern the S&P 500 and DJIA will probably take; a sharp dive at the open with an afternoon recovery as the Saudi TASI did…


Hang Seng in Hong Kong gets smoked to open the 4th Quarter

By John Galt October 3, 2011 – 04:25 ET It is generally considered not to be a good start at any time when one of the largest markets in the world gets smoked with a 4.38% decline to open a new quarter. The Hang Seng in Hong Kong opened poorly today with a healthy sell off which broke another psychological level at 17,000 and now opens the flood gates for speculation on further declines into 2008-2009 lows. While this may not portend the future for the U.S. markets or Europe it…


The Eurozone enters Bear Market Territory

By John Galt August 8, 2011 07:41 ET For their sake, I hope they don’t smell like fish. The charts this morning are a lot uglier than I thought they would be but the Teutonic nations who are bailing out Southern Europe are going to be hard pressed to raise the trillions of Euros necessary for the bailout if their stock markets are any indication of future economic activity. Are these nations sending a message to our markets that our future is just as bleak? Time will tell… (Click on charts…


No Picture

6/23 Stock Market: EPIC BAIL

  By John Galt June 23, 2011 Without a doubt,today’s stock market was an EPIC BAIL. They kissed the 200 DMA on the S&P 500, stick saved it and brought it back from the brink. Look for a surge towards 1300 and over 12,200 on the Dow as they re-balance the Russell 2000 tomorrow and the shorts continue to cover. All the powers that be want to do is save the markets for earnings season but on tonight’s show, I think my prediction might shock a few souls. More on that…


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