Timing is Everything

This week Jerry discusses the rapidly rising, low volume rally that the market has gone through in the last nine trading days. Economic reports continue to be mixed and news out of Europe are more positive, but the details are noticeably missing. Tech earnings have been nothing less than spectacular, but most of the earnings news is yet to come. The major indices are right at resistance but seem poised to break out. Find out more Next Week on Wall Street.

Click on this link to listen to this week's market comments: http://yourmoneytalks.podbean.com/2011/10/14/timing-is-everything/

Markets Bounce From Bear Market Territory

This week the market fell into Bear Market Territory as they were at one point down more than 20% from their April peak. Markets reversed course to finish higher for the week, but still weak none the less. Economic reports are coming in better than expected but not anywhere near levels to create a sustained market rally. Europe is talking about several plans to bail out the banks and Greece. We can only hope that third quarter earnings gives stocks the boost they need to stem the decline soon. Find out more “Next Week on Wall Street.”

Click on this link to listen to this week's market comments: http://yourmoneytalks.podbean.com/2011/10/07/markets-bounce-from-bear-market-territory/

Tough Quarter

This week Jerry discusses the results of the third quarter. He analyzes the winners and losers as well as outlines his views looking forward. Find out more “Next Week on Wall Street.”

Click on this link to listen to this week's market comments: http://yourmoneytalks.podbean.com/2011/09/30/tough-quarter/

No Jobs for Labor Day

The economic news is becoming more dismal every day. This morning’s jobs report showed that was no new jobs were created last month. Unemployment remained at 9.1% because they only count the people who are actively looking for work. When jobs are not being created many stop their search. All this just before the Labor Day Holiday – enjoy your weekend!

The overall data suggests that the economy is stalling. News from Europe is actually much worse than it is over here. Germany is slowing and Greece may be done with austerity as their leaders have had enough with their economy contracting over 5% this year.

The bond market is rallying and Pimco’s Bill Gross capitulated early this week stating that he should have owned more US Treasury Bonds. The Fed is doing battle internally as the recently released minutes of the last FOMC meeting demonstrated. Some voting members called for immediate action to restart the bond repurchase program (QE3), while others felt that even the promise to keep interest rates low until mid-2013 was too aggressive.

The fact that the first two rounds of quantitative easing did not help the "real" economy is beside the point. The Fed’s job is to protect the banking system and apparently the stock market. The Fed seems likely to use today’s weak jobs report as a reason to launch another round of easing. At least initially the bullish crowd will be happy.

The Fed appears to be running out of tools to battle today’s issues. Europe is a powder keg with potentially dangerous results coming from the mix of bad economic news and debt problems. Avoiding too much stock exposure, at least temporarily, is most likely a good idea. September and October have a history of being rather cruel to investors.

The prospects for more money printing operations coming from our Fed increases the chance for gold to continue its ascent to new all time highs. Many feel it is too late to join the gold bandwagon, but one look at the current economy and the Fed’s most likely response to it and investors have to ask – what is the Fed going to do? Nothing? Highly unlikely!

Helicopter Ben (as his nickname goes from an article he wrote years ago) has been and will remain true to his moniker. Dollar devaluation in an attempt to create inflation is his goal. Gold will likely continue to rise in such an environment.

The SPDR Gold Trust (GLD) is a good way to invest in today’s volatile environment. Fear begs for safety. Closing at $183.23 today GLD could cross $200 in short order. Use $165.75 as protection should things turn around for the economy.

Click on this link to listen to this week's market comments: http://yourmoneytalks.podbean.com/2011/09/02/no-jobs-for-labor-day/

Pressing Against Resistance

Markets had their first up week after four consecutive weeks of lower finishes. The Fed put any new action on hold but left the door open to make an announcement after the next meeting in September. The economic reports continue to show deterioration and nothing has been resolved in Europe. The charts show clear support and resistance levels to indicate when investors should take action. Get more on Next Week on Wall Street.

Click on this link to listen to this week's market comments: http://yourmoneytalks.podbean.com/2011/08/29/pressing-against-resistance/

A Record Week for Wall Street

This week a discomfiting record was set on Wall Street as the market oscillated up and down more than 400 points four days in a row. The whipsaw market action shattered investor confidence sending waves of sell orders to the floor of the exchanges. The economic numbers were mixed, but contagion fears are growing in Europe. The final numbers on the week weren’t that bad had you missed the daily action. There are some signs of hope. Find out more Next Week on Wall Street.

Click on this link to listen to this week's market comments: http://yourmoneytalks.podbean.com/2011/08/12/a-record-week-for-wall-street/

Markets Stage a Mini Crash

This week Jerry discusses the mini crash in the market that happened on Thursday. Stocks are technically broken, but that doesn’t mean that we can’t rally first. The Fed makes an announcement on Tuesday and more Quantitative Easing may be in the cards or the market could be disappointed once again. Earnings has taken a back seat to news out of Italy. Find out more “Next Week on Wall Street.”

Click on this link to listen to this week's market comments: http://yourmoneytalks.podbean.com/2011/08/05/markets-stage-a-mini-crash/