Stock Investing

As of last Friday, I had little confidence that the market would stage this strong a move up, close enough for the Index to possibly show an increase during this phase. But, amazingly, it has.

As I see it, nothing is really that different. We’re essentially back to where we were at the end of June. So don’t listen to all the talk about “the bottom”, the “recovery beginning”, “optimistic earnings season” and an uptick in the 2-year Treasury yields. It’s what comes after that I’m focusing on.

I used this run up as an opportunity to lighten up further and to add to some market index shorts. Sorry, all, but I’m hoping for no more than a 0.5% increase tomorrow and then, with some disappointing earnings reports, for significant declines over the remainder of the summer.

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By Jeff Clark, Senior Editor, Casey’s Gold & Resource Report
One of the big hints that gold stocks will be ready for take-off is when they stop following the broader markets and strictly track gold, particularly if the market falls and gold stocks don’t. We now have data showing this has just occurred.
From April 2009 to April 2010, gold stocks mirrored the S&P. The two markets held hands as often as high school sweethearts; there was very little separation between them. While it wasn’t always a daily connection, any weekly and especially monthly chart showed them moving in tandem.
Until now.

For the quarterly period of April through June, gold stocks advanced 11%, tracking gold’s gain of 10.7%. The S&P

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10 Pounds for a 5 Pound Bag

Our economic data review of last week’s reports illustrates the overwhelming and continuous flow of evidence for double-dip recession

“The Greek” earned clients a 23% average annual return over five years as a stock analyst on Wall Street. While writing for Wall Street Greek and others, he presciently predicted the financial crisis and housing and banking failures of the Great Recession.

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Equity markets sink on disappointing economic news going into the Fourth of July holiday weekend. Gold and oil fall sharply.

Hi. Im SAYOKO MURASE. Welcome to the Weekly Market Wrap for Friday, July 2, 2010.

Major US markets closed sharply lower on investor fears that a double digit recession is on the horizon. All three major US indexes were down this week.

Crude oil prices fell sharply lower for the week.

Gold futures fell 3.2 percent on Thursday in a broad market sell-off ahead of the long weekend. August gold futures dropped almost $40 to $1,206 an ounce. The sell-off was gold’s biggest one-day drop since February 4th.

On the economic front, the US Commerce Department reported on Monday morning that real spending rose by 0.3 percent in May after a flat April.

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