Blog: All posts by Tom Haugh

Escalating Fear


Good morning. It was yet another week of selling in the market, with the SPY finishing at its lowest level since Sep. 17, 2010 at 112.64, down 4% on the week. That number also represents a yearly decline of 10.4%, and at this point (based on Friday’s closing action) the market is not showing much sign of an impending bottom.

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Political Economics


Good morning. I think the term wild week for last week would be a solid understatement, although in the aggregate the movement on the week was fairly muted considering the intra-weekly swings. Two days of rally mode on Thursday and Friday had the SPY closing down only 1.6% on the week at 118.12, after trading as low as110.27 on Tuesday. For the last two weeks, however, Friday’s close was off a very somber 11+ points, or 14.8%. That is a rough ten trading days by anyone’s measure.

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What is Happening?


Good morning. It is hard to even describe what happened in the market/world last week and the ramifications it may have on the economy and individual wealth going forward. The market had a horrible week, with the SPY down 7.2% to close at 120.08. The volatility index (VIX) closed up 27% on the week to close at 32, a level not seen since June 2010. Maybe even more amazing, since the focus of the week was the impending downgrade of the US credit rating, the 30-year bond was up over 3% on the week to close at almost 132, representing a 30-year yield of 3.8%. 

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…And In Case You Missed It



Quick PSA


Check out the new Stocks and Jocks “Stock of the Day” clips at http://www.StocksAndJocks.net

AND…

In case you hadn’t seen, PTI Securities & Futures’ has new daily “Market Recap” videos. These clips are less than 2 minutes and consist of a PTI broker giving a quick rundown of all the market movers of the day in language that appeals to both the beginner and the expert. These videos are posted daily to the PTI homepage after the close (3pm CST) and are a good means of absorbing lots of information quickly. You can subscribe to get video alerts and to view the entire archive of past videos at the PTI Securities YouTube channel – http://www.youtube.com/user/ptisecurities

Enjoy, folks!

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