Archive for August 23rd, 2010

The Myopia of Financial Market Headlines

| August 23, 2010

Here is an actual headline that appeared on the internet about two hours into the trading session today: “US Stocks Erase Gains as Deal Euphoria Fades.” Markets are notoriously manic-depressive from day to day, yet media outlets always insist on trying to explain intraday price movements in terms of material fundamental developments. If there is […]

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Short-term Forecast for August 23, 2010

| August 23, 2010

Stock Daily Chart Analyses The following daily chart analyses provide short-term forecasts for the stock markets that we monitor. For intermediate-term outlooks see the latest weekly review, and for long-term outlooks see the big picture update. The S&P 500 Index The index closed moderately lower today, moving down to a new low for the short-term […]

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