Good economic news
by Peter Switzer
Wall Street had another positive day with economic data again reminding the prophets of doom that there’s more life in the US economy than the so-called negative experts think. However, the big test for such a skittish market will be tonight’s jobs...
Wall Street heads north
by Peter Switzer
What a difference a day makes, especially when the doomsday merchants are brought to book by hard data. And even the Yanks got into the better economic readings, with manufacturing continuing to defy the double dip pessimists, helping the S&P...
Wall Street shuffle
by Peter Switzer
Another day on Wall Street and while there was little advancement, there was no substantial sell off which shows maybe the double dip concerns are already, partly, sold into the market.
It’s like we’re in a Wall Street shuffle, back and forth...
How long does a rally last?
by Peter Switzer
After a pretty substantial fall on Wall Street overnight, just after a big rise during the trading day before, the question has to be asked — how long does a rally last? In this market, the answer can be one day but the real question for the...
The ABC of not being scared
by Peter Switzer
On a day when Wall Street has set us up for a pretty rough time on the stock market after existing home sales fell a whopping 27.2 per cent in the US, it has become essential to put some balance into the economic debate, particularly following...
Missing a reason to buy
by Peter Switzer
Wall Street’s stock market players clearly don’t have strong reasons to buy and it explains why so much cash is parked in bonds at the moment, robbing shares of their support. On the other hand, there’s no commitment to selling off the market...
Hung stocks
by Peter Switzer
Late last week my colleague on Sky News Business Channel, Mike Willesee, asked what the consequence might be for the stock market given the range of possibilities? I said if the Coalition won the market would go up.
If Labor won, there would be no change but...
Economic problems again
by Peter Switzer
Yesterday I suggested sentiment might be turning and it was, but unfortunately the US economy isn’t turning and until it does we will be captives to the day-to-day ups and downs that have dominated Wall Street lately.
In summary, the Dow lost...
Is sentiment turning?
by Peter Switzer
My charts guy Lance Lai called me yesterday afternoon and when he does this sort of thing it’s not to see how I am, but it’s because those damn wriggly, psychotic lines he’s always watching are either giving him good or bad vibes.
So a call...
BHP on Wall Street
by Peter Switzer
Wall Street reacted well to a good industrial production numbers and BHP-Billiton’s takeover offer for Canadian fertiliser business Potash for a cool US$38.49 billion dollars!
Overall it was a great day at the office for Wall Street with the Dow up...
