Emini Futures Trading / America's Downgrade

E-Mini S&P 500: Standard and Poor’s downgrades America!

To which I say “Who Cares?”

Its not that I disagree with their assessment — I do not — but I pay it little heed. It was much more important to me as an investor that PIMCO’s Bill Gross was out of Treasuries a month ago (and indeed, is short) than what S&P says. That was all any bond investor needed to know — no ratings agency necessary.

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Emini Futures Trading / Google Slips On Earnings

E-Mini S&P 500: Lagging reports equate to sagging market?

It is the earnings season and so far the corporate earnings seem to miss expectations. Google today came out today without hitting the forecasts expectations. The earnings forecasts for this year seems to be fraught with anxiety over readings that normally may give the market a boost. The Initial Jobless Claims rose 27,000 to a seasonally adjusted 380,000. Goldman Sachs is again in the news only this time, they are under a senate investigation. Goldman shares had fallen 2.9%.  Ford Motor Co. fell 1.8%.  It is said that the earthquake somehow hindered the earnings for automakers this year. Crude Oil prices are still high and may weigh on the market. Inflation is still an element of concern. Today’s PPI rose .7 % attributed to the energy sector. 

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Emini Futures Trading / Will GS Increase Our Credit Line?

E-Mini S&P 500: Stellar expectations not for sellers?

It is the earnings season and the bulls have waited to grasp the positive flow of business to boost the economy! Technology stocks such as Riverbed Technology Inc. and EMC Corp. led the market higher. JPMorgan Chase & Co. stock fell after the bank’s chief executive remarked on a conference call that it was unlikely that there would be a dividend hike soon. Retail Sales were up .4 today, but this was the smallest increase in the last nine months. Business Inventories were up .5 less than expectations.  President Barack Obama has been setting the stage for his budget cuts in the deficit. The market sentiment seems to have changed perhaps since the budget meeting last Friday or perhaps after Goldman Sachs told their investors to liquidate their commodity positions.

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