Tag: debt

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 15th of November.
------------
IS PERSONAL MARKETCLUB COACHING RIGHT FOR YOU?
Free consultation. 877–219–1482
-------------
What I love about the markets is that unlike most politicians, they don't lie.

Is reality finally beginning to settle into the markets?

Things aren't going to get better right away. The magnitude of the problem in Europe and Spain's failure today to sell €3.5 billion of notes, underscores just how fragile the Euro economic system is right now. Europe is a big market for US and Asian products. If Europe is weak, it can't help but spread to other parts of the world.

As an example, one only has to look at Citigroup (symbol C) to know that things are not good.

We do not expect things to get better any time soon. If you look at a chart of capitalism over the last 100 years, you get a sense of how these longer-term economic cycles work. It is going to take us years, not months, to get these economic problems worked out. Continue reading "The Reality of the Market" →

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 14th of November.
------------
IS PERSONAL MARKETCLUB COACHING RIGHT FOR YOU?
Free consultation. 877–219–1482
-------------

Italy and Greece pass the baton to the technocrats, but does it really matter at this point?

As we start this trading week, we've seen a change in the governments of both Greece and Italy, as the rule of the technocrats is now upon us. They can make the hard decisions that politicians can't seem to, but it is a bitter pill for the citizens of those countries to swallow. The bigger problem, and one that is complex and not easy to solve, will be social unrest.

No matter how things are sliced and diced in Europe, there is still a mega amount of money owed to banks that needs to be reconciled. The way the markets are opening today, it would appear as though no one is easy with the current changes. It may just be a case of "buy the rumor and sell the news." Continue reading "Italy and Greece Pass the Baton" →

Hello traders everywhere, Adam Hewison here co-founder of MarketClub with your 1 P.M. market update for  Friday the 11th of November, Veteran's Day.
------------
IS PERSONAL MARKETCLUB COACHING RIGHT FOR YOU?
Free consultation. 877–219–1482
-------------
CAN THREE BIG CHANGES IN EUROPE, SOLVE THE SOVEREIGN DEBT PROBLEM?

Greece's swearing-in of new Prime Minister Lucas Papademos is one change. The second change is a new president of the European Central Bank, Mario Draghi. The third change, and this is a big one, and has not taken place yet, is when and if Silvio Berlusconi resigns from office. Mario Monti, is apparently the front-runner for the job. Not a big deal for Italy to change governments as they have had over 60 new ones since 1948.

With all the changes taking place in Europe, it isn't going to change the overall dire financial picture overnight. Changing governments is one thing, that easy, getting the citizens of that country to accept draconian austerity measures is a totally different can of worms. Continue reading "Can Three Big Changes In Europe, Solve the Sovereign Debt Problem?" →

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 10th of November.
-------------
IS PERSONAL MARKETCLUB COACHING RIGHT FOR YOU?
Free consultation. 877–219–1482
-------------
Don't Underestimate Yesterday's Market Action

Yesterday's action in the equity markets is a grim reminder of just how fragile the economic and financial system is globally. We would not dismiss the market action as just another pullback in the market.

The sharp down move should not be ignored, in my opinion. We are looking at a key support level on the S&P 500 at $1220. A close below that level will accelerate the decline to the next key level of support, which is $1180. That move may have to wait until Friday as traders jockey for positions today.

For the year, the S&P at the moment is down, the NASDAQ is flat, and the DOW is barely higher with gain of 3%.

The copper market gave a pretty strong negative signal yesterday, as it moved below the $3.50 level. The copper market is telling us that demand is just not there for this industrial metal. Continue reading "Don't Underestimate Yesterday's Market Action" →