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09/09/10 - U.S. stocks open higher Thursday; DJIA up 77 points... 09/09/10 - U.S. stocks open higher Thursday; DJIA up 77 points... 09/09/10 - U.S. stocks open higher Thursday; DJIA up 77 points... 09/09/10 - U.S. stocks open higher Thursday; DJIA up 77 points... 09/09/10 - U.S. stocks open higher Thursday; DJIA up 77 points...
Real-Time Update

Bear Funds Scoreboard

More fund info on our
Bear Funds Page
ETFs delayed 15 minutes,
Mutual funds end of day.

SymbolPriceChange
BGZ13.93-0.21
BIS65.34-3.43
BRIS35.600.00
BZQ20.36-0.08
DDG51.63-0.13
DOG50.00-0.15
DPK12.38-0.27
DUG61.43-0.54
DWM43.400.20
DXD26.39-0.18
EDZ32.67-0.56
EEV43.03-0.48
EFU34.75-0.45
EFZ56.84-0.42
EPV18.84-0.31
ERY48.98-0.56
EUM35.57-0.21
EWV45.00-0.22
FAZ13.78-0.34
FCGS40.97-0.08
FXP35.77-0.28
INDZ31.52-0.35
JPX14.68-0.38
MWN16.22-0.07
MYY40.16-0.02
MZZ17.47-0.03
PSQ41.23-0.19
QID16.48-0.19
QLD59.340.64
REC5.700.00
REK43.930.49
RETS36.65-0.04
REW22.40-0.24
RFN5.050.00
RHO36.810.00
RMS27.020.00
RRZ31.170.00
RSW51.51-0.50
RTW18.250.00
RWM40.680.11
RXD34.96-0.81
SBB36.150.22
SBM48.860.19
SCC30.59-0.08
SDD21.690.28
SDK21.20-0.01
SDOW60.78-0.58
SDP17.63-0.09
SDS31.74-0.35
SEF41.52-0.30
SFK32.64-0.33
SH50.61-0.28
SIJ19.04-0.03
SJF44.62-0.72
SJH21.330.06
SJL20.22-0.28
SKF20.23-0.35
SKK16.220.14
SMDD49.660.14
SMK21.29-0.21
SMN32.260.45
SOXS37.84-0.17
SPXU30.14-0.47
SQQQ53.02-0.91
SRS22.130.38
SRTY47.870.35
SSG18.91-0.13
SZK34.95-0.40
TLL11.54-0.17
TWM20.240.08
TWQ22.520.00
TYP41.34-0.67
TZA32.460.23
YXI46.85-0.20
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Thursday September 9, Market Summary @ 3:00 PM EDT

Stocks
U.S.stocks give back early big gains; DJIA now down 3 points.

 

Gold
Gold turns lower, down $7 to $1250. Silver at $19.84.

 

Currencies
U.S. dollar index little changed at 82.65.

         
 
Why reading the charts works.
   
Is gold still a buy?
   
Is it time to buy the Euro?
         

Stocks Gain, Treasuries, Gold Fall as Jobs Data Beats Forecast

September 9  Stocks climbed, Treasuries fell and gold dropped the most in almost three weeks as a bigger-than- forecast drop in U.S. jobless claims tempered concern the economic recovery is slowing. Australia’s dollar strengthened.

The S&P 500 advanced 0.3 percent to 1,102.52 at 2:28 p.m. in New York, paring a gain of as much as 1 percent after Bloomberg News reported that Deutsche Bank AG may sell as much as $11.4 billion in stock. The Stoxx Europe 600 Index added 1.1 percent, extending a four-month high. Read more.

 

Comex Gold Ends Lower on More Profit Taking

September 9 — Comex gold futures prices closed lower Thursday on profit taking pressure and amid a slight uptick in investor risk appetite. December gold last traded down $8.50 an ounce at $1,249.00. Spot gold was last quoted down $7.50 at $1,248.25.

The U.S. stock indexes pushed modestly higher Thursday, while U.S. Treasury prices sold off, following a weekly U.S. jobless claims report that showed claims dropped more than expected. Read more.


Abigail Doolittle

A New Bear Market Rally Is Likely to Begin

September 7 — Last week I laid out a preliminary case for the possibility of the S&P 500 trading higher in the near-term. It started with technical analysis and ended with a little bit of “less bad” fundamental fill-in.

Technically speaking, I wrote about an unconfirmed and bullish Inverse Head and Shoulders pattern that pointed to the prospect of the S&P 500 climbing much higher if the pattern confirmed by moving through its neckline at about 1,135. Well the S&P 500 is only 2.5% away from that confirmation point now as opposed to the more than 8% difference when I last wrote. Read more.


Robert_Prechter_80x100

Get Free Access to Elliott Wave Reports!

One Week Only: FREE charts, analysis and forecasts of Asian-Pacific and European markets!

September 3, 4:00 PM EDT — Our friends at Elliott Wave International have just announced the beginning of their wildly popular FreeWeek event, where they throw open the doors for non-subscribers to test-drive some of their most popular premium services — at ZERO cost to you.

You can access EWI's near-term analysis of Asian-Pacific and European markets from EWI's Short Term Update services (combined valued at $98/month) right now through noon Eastern time Friday, Sept. 10. 

Learn more and get instant access to EWI's FreeWeek of Asian-Pacific and European markets now!


Investors Embrace Bear Market Funds

August 31 — Despite warnings by some experts, funds that try to profit from a falling stock market are an increasingly popular choice for investors

Lately, some of the most popular fund managers in the stock market—judging by where investors put their dollars—are those who bet against it.

So-called bear market mutual funds and exchange-traded funds have benefited from an inflow of dollars this summer, despite warnings by many investment advisers that the funds can be wrong for individual investors. Read more.

Visit our extensive Bear Funds section.


Doug Casey

cgs468x60_0910

Casey's Gold & Resource Summit - October 1-3, 2010

Doug Casey and our friends at Casey Research are busy preparing for their upcoming Casey's Gold & Resource Summit. This conference will focus on an in-depth examination of the outlook for the economy, and the role that gold may have to play as the sovereign debt crisis morphs into the next dangerous stage. Learn more about this "don't miss" conference.


The largest Fraud in History

"The Largest Fraud in History"

Editor's Note: For more than 11 years, Bill Murphy and Chris Powell of the Gold Anti-Trust Action Committee (GATA) have been working tirelessly to document and expose the deliberate and fraudulent manipulation of the gold and silver markets by multiple governments and large banks. We urge you to become familiar with the details of these issues, as this ticking time bomb is unraveling more and more every day.

September 7 —"Do Paper Sellers Have Silver to Deliver?" by Patrick A. Heller

September 7 —"Strapping in for the big move" by Jim Sinclair:

September 6 — "Fifty Years of Suppressing Silver" by Jeff Nielsen.

September 3 — "Gold Entering a Virtuous Circle" by Egon von Greyerz.

More articles


September by the Numbers

September 1 — I have good news and bad news when it comes to slicing and dicing the historical data as it pertains to September. The good news is that it is possible, by carefully reading the statistical tea leaves, to get advance insight into whether any given month is likely to do better or worse than average

The bad news: Those tea leaves provide no such hope that this September will be able to beat its historical reputation as being awful for stocks Read more 


S&P to hit 450 with U.S. worse than 'lost' Japan: strategist

August 26 — A noted bearish strategist said Thursday that the S&P 500 will tumble to 450 because conditions in the U.S. are "much, much worse" than during the lost decade in Japan.

As the market debates whether bond prices are in bubble territory, Societe Generale's London-based strategist Albert Edwards said bond markets are at least moving to discount deflation but that sell-side strategists still say the current situation in the U.S. is unlike Japan a decade ago, when the now-third-largest economy suffered through a prolonged no-growth period. Read more.


Don't Get Fooled by Bernanke

August 31 — When are investors going to stop getting suckered by Ben Bernanke?

The Dow Jones Industrial Average jumped nearly 200 points Friday after the Federal Reserve chairman's pep talk on the economy. Worldwide markets followed suit. And long-term interest rates rose on his sunnier outlook.

But so what? On forecasts, the Fed chairman is about as useful as a New England weatherman. Read more.


Why Housing Is Even Worse Than You Think

August 25 — Shocking. More than three years after the housing bust began, forecasters are still overestimating the strength of the housing market. The latest sales numbers for existing homes, which took a steep, unexpected plunge, triggered a fresh bout of national gloom and stock-market selloffs. Record-low interest rates aren't luring buyers, and neither are falling prices that are 30 percent below their peaks, or more. The pace of sales is the lowest in 15 years. Read more.


bearmarketperspectives

09/07/10 - Should You Buy a House Now?

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galland-david

Recently, we have had a number of queries about real estate. And no wonder. For starters, real estate prices have come down. Plus, in an environment with next to zero interest rates, the idea of possibly picking up some income-producing property on the cheap holds a certain appeal to some. Then there’s the fact that real estate is very much a “tangible” – and so should hold up reasonably well, should the fiat currency system come undone, as we expect it will before this crisis is over.

Read more...

 

08/31/10 - 3 Reasons Now is Not the Time to Speculate in Stocks

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Robert_Prechter_80x100 EWI

Sometimes the investment weather forces you to 'buy a coat,' says Robert Prechter When it's sunny, you head outside without a thought, but when it's rainy, you look for your umbrella. When the markets are trending up, you don't worry about your investments much, but when the markets turn bearish ... what do you do? Read more.

 

09/02/10 - Buy and Hold Still Holds

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John Browne Euro pacific logo

As Americans have justifiably lost faith in the stock market, the classic buy-and-hold investment strategy has fallen from favor. The problem is that retail investors are wrongly equating the performance of stocks as a class with the trajectory of American stocks in particular. Fortunately, buy-and-hold still works in many parts of the world. If you are an American, just don't try it at home. 

Read more...

 

08/24/10 - The Hindenburg Omen -- Omen-ous or Not?

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Robert_Prechter_80x100 EWI

Last week's volatile market action coincided with a technical signal called the Hindenburg Omen whereby a relatively high number of new highs and lows in individual stocks occur at the same time. This indicator instantly gained an enormous amount of media attention. In this interview, Steve Hochberg, EWI's Chief Market Analyst shares his perspective on this indicator and the "re-emergence" of technical analysis. Read more.

 
bearnews

More news from around the globe...

Bear Market Reader

More news of the day.hand-picked by our editors, as well as guest contributions.

09/03/10 — Gold-Mining Margins
By Scott Wright, (zealllc.com)

08/31/10 — Titan Capital Joins Black Swan’s Taleb in Raising Bets on Crash
By Netty Ismail (bloomberg.com)

08/24/10 — Stiglitz Says Europe at Risk of Double-Dip Recession
By Simone Meier (bloomberg.com)

More articles


financialeducationcenter

"Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it." — Will Rogers

Don't we all wish it were that simple!

In the real world, education is the key to investment success, in both bull and bear markets. We are pleased to offer you these outstanding educational resources. There's something for newbies as well as self-proclaimed know-it-alls. Many of these training sessions are absolutely FREE!

Tutorials on the Elliott Wave Principle

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