Beware the Thin Markets

By Chuck Butler. “The ‘experts’ continue to believe there will be a sixth consecutive month of job losses in June. I agree… The ADP Jobs report that printed yesterday had a huge downside surprise, which doesn’t bode well for the Jobs Jamboree.”

What’s Up With the Loonie?

By Chuck Butler. “One would think that with the price of oil above $140, and gold back to $900, the loonie would be soaring… But NOOOOOOO! The loonie seems to be stuck in the mud at 98-cents. I scratch my bald head on this one.”

Profit Taking Dominates the Day

By Chuck Butler. “It will be important for Trichet to remain hawkish or else the profit takers will quickly swallow up the rate hike, which means the euro won’t get much love from the higher rates. “

Death by a Thousand Cuts

Thomas Tan wrote: The general stock market behavior recently has been painful, to say the least. Now with DJIA broke below March low, any hope of a quick ending on the current bear market diminishes. Even S&P 500 Index has not broken below the Marc…

He Drilled For Dental Solutions

In the 19th century, dentistry was mostly about pulling teeth or patching them up.

Gold Bug Bites Back; Yamana Leads Advance

The silver and gold mining group popped almost 5% Thursday, by far the top advance on a day when all but three industry groups gave up ground. The…

IBD’s Top 10 – Thursday

Stocks Sell Off Big In Fast Trade. The Nasdaq plunged 3.3% as oil prices skyrocketed. The Dow fell 3% to its lowest since ’06 as GM and financial…

Downgrades + Dollar + Oil = Hefty Declines

The day-late reaction to the Federal Open Market Committee’s decision to hold rates unchanged exacted a sharp toll across a broad range of…

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