What could make the market move back up. This week the markets will likely finish their down move NASD to 2350 SOX above 330, Dow to 10500+. So with the economy slowing down and the not likely new fiscal stimulus that was proposed this week ever happening. The FED on hold for awhile, what can move the market. Comments? Yes, I have some thoughts.
And BTW if you figure out and believe the numbers for that new form of stimulus from creditable sources, you get an economy running at 2% higher rates for most of 2012 and not much longer. Draw your own conclusions.
earnings alone will move the market and until earnings season gets kicked off volatility will reign supreme as market is only driven by news events, not fundamentals.
This is why AAPL holds it share price so well, even after Jobs announced his leave, stock took a small hit down to 353 in those evening after hours panic selling then the stock resumed its uptrend next day....fundamentals do matter with a strong stock like AAPl.
even two weeks before earnings CRUS will still be at 15-16 range...
As I said 9/11 will hold the key for todays action. (nothing bad happen yesterday) Europe was way down ant the morning premarket futures looked bad.... We are green and going higher. I'm glad I got CRUS on Friday (near the low)
The Fed still has bullets and Bernanke knows how to use them. Operation Twist by the Fed to start buying 10-year treasuries and selling 2-year treasuries in an effort to re-risk investors. Move away from cash/treasuries into stocks and other investments. Push the 10 year rate to ~1.5% would change behavior.
Wall Street sees an 80 percent chance the Federal Reserve will intervene in the bond market to lower long-term interest rates, according to a Reuters poll, after a report showed the U.S. jobs crisis deepened in August.
Even though the market was kind of terrible this week, some tech stocks went up for the week. NVDA- from 12.92 to 13.88, CSCO from 15.41 to finish at 15.82, and SNDK started at 34.94 and closed the week at 38.73. Looks like maybe the only thing that can budge CRUS to go up, will be some catalyst.