Archive for October, 2009
Friday, October 30th, 2009
Despite the positive 3.5% GDP reported yesterday, markets plunged today thanks to continuing concerns with the health of American Consumer. Declining Consumer confidence and shaky job market pulled the market down below the much followed 50 dma. S&P 500 broke the key support at 1045 indicating that further losses are ahead for the markets.
1) Check out the S&P 500 weekly chart.
2) VIX rallied nearly 25% for the first time in the last 6 months.
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Sunday, October 25th, 2009
As we predicted a while ago, Commercial Real estate market is the next shoe to fall. What impact if Capmark will have on the rest of the Commercial real estate business? We will find out soon.
LOS ANGELES (MarketWatch) — Capmark Financial Group Inc., one of the largest commercial real-estate lenders in the U.S., said Sunday that it and some of its subsidiaries have filed for bankruptcy protection.
http://www.marketwatch.com/story/capmark-financial-files-for-bankruptcy-2009-10-25
Filed under: Economy | | 1 Comment »
Friday, October 2nd, 2009
Via Marketwatch
The U.S. labor market weakened in September as 263,000 payroll jobs were lost and the unemployment rate rose a tenth of a percentage point to a 26-year high of 9.8%, the Labor Department reported Friday.
An alternative gauge of unemployment, which includes discouraged workers and those with part-time employment, rose to 17% from 16.8%.
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Thursday, October 1st, 2009
Via Marketwatch
This image pretty much says it all
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![Freakonomics[Revised and Expanded]](/images/21xRHBWYYML.jpg "Freakonomics[Revised and Expanded]")
