And Back Down The Markets Go ….. Jittery!!!!

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Well, the week is ending on a sour note.  All week we’ve seen the markets, jitter.  And, today was no exception.

World stocks slide on emerging market woes

… The Turkish lira and the South African rand fell on Friday before recovering somewhat. The Hungarian forint and Russian ruble were less resilient, trading down 0.7 percent and 0.5 percent against the dollar by the end of the European trading day. …..

In Europe, Germany’s DAX fell 0.6 percent to close at 9,322.33 while France’s CAC-40 fell 0.2 percent to 4,170.02. Britain’s FTSE 100 dropped 0.5 percent to 6,509.26.

Wall Street traded lower as well, with the Dow down 0.8 percent at 15,727.91 and the S&P 500 down 0.5 percent at 1,784.70. …..

Japan’s Nikkei 225, the main index still trading, reversed early gains that were sparked by reported increases in inflation and factory output. Inflation is a possible sign of economic recovery in Japan, which has been plagued by falling prices during two decades of stagnation.

But a rise in the yen against the U.S. dollar was negative for exporting stocks, dragging the Nikkei down 0.6 percent to 14,914.53. The dollar was down 0.5 percent against the yen, at 102.23 yen.

….. Among stock markets not observing the holiday, India’s Sensex gained less than 0.1 percent and Thailand’s SET was up 0.4 percent. Australia’s S&P/ASX 200 added less than 0.1 percent and New Zealand’s benchmark gained 0.5 percent.

They’re nervous, and don’t know where to go.  In shocking news, Americans spent more in December, but, income remained flat.  Yes, shocking. 

Now, typically, the markets will take the weekend and breath a bit, and calm down.  And, I think they will, barring some unforeseen bad news.  Which, is entirely possible. 

These are just tremors.  They can be harbingers of  things to come, or they can just be tremors.  But, it does speak to the incredible underlying weakness of the markets.  They’re not on solid footing and the investors know it. 

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19 Responses to And Back Down The Markets Go ….. Jittery!!!!

  1. DirkH says:

    …and Gold got manhandled down daily over the past few days; usually at 2:30 p.m Basel time…
    “I don’t always sell Gold, but when I do, I sell several million ounces at once and don’t care for the price I get”.

  2. philjourdan says:

    The spent more in December, because Thanksgiving was at the end of November! They merely shifted spending forward.

    You are still going to get dead cat bounces, even if the market does decide to correct itself.

  3. leftinflagstaff says:

    http://www.foxnews.com/politics/2014/01/31/review-raises-no-major-environmental-objections-to-keystone-in-boost-for/

    Another chance for him to be a President, or another chance for him to be a delusional, spiteful child.

  4. Martin C says:

    I wonder what next week’s economic reports will bring for the Markets, mostly from Factory Orders (Tuesday), and then Jobs Report (Friday). Factory orders is expected to drop 2.1 %. Even IF that is met, that shouldn’t be if the economy is ‘recovering’ now. And Jobs is more interesting. Last month’s was 74K, but the markets did nothing, because of a claim it was an ‘aberration’ from cold, or reporting or . .well whatever. The ‘forecast is for 189K. Wow, hard to believe that will be made. The ADP report on Wednesday might have some insite – it was much higher than the USG jobs report last time.

    Watching the ‘market volatility’ number, I expect more declines. Wouldn’t be surprised to see declines of 15% or more before the ‘bottom’ is reached, and it may be a couple of week (or even 3-4) away . . .

    • DirkH says:

      Obamacare should now eat really hard into disposable income, and into affordability of jobs. People can’t afford to earn more money when that will make them lose Obamacare subsidies. Perverted incentives.

      • Me says:

        Question? How much do you pay and what is your deductible?

        • Me says:

          I’llmake it a little easier, Mine is about $60 a month with 500 deductible.

        • Me says:

          I’m not saying I’m getting better care because aparently we Canadians get it for FREE err something, so then why do I have to have Insurance if it’s FREE here?????

        • DirkH says:

          German system is : You pay a ton of money and the employer chips in some, overall 1000 EUR in my case, 1336 USD. No fixed deductible, but we have to contribute 5 EUR for every pack of pils.
          Me, you’re Canadian,right? so you pay it via taxes, and you have those enormous waiting lists. At least that’s not the case in Germany.

        • Me says:

          Answer, is because we are already paying through the nose for this, and then still have to pay!

        • DirkH says:

          I don’t know what your monthly fee gets you. Maybe some of your politicians want to change it into a German-style system, away from the UK type system, so they started to introduce that monthly fee.

        • Me says:

          Yeap, A new fee to add onto the ones we already have. No thanks!

        • Me says:

          One thing you learn is politicians never take back policies from their rivals they just let it go or and push onto it!

        • Me says:

          And if you haven’t figured that out yet, Well!!!!!!!

        • DirkH says:

          Well, I’m interested in understanding changes in behaviour. Especially socialist policies like the unemployment and food stamp subsidies in the USA, without work requirement, make unemployment attractive. Obamacare subsidies make earning less attractive. The USA now is one big New Harmony and will perform accordingly.

        • Me says:

          Social policies never changes, it’s the government policies that keeps expanding. Waiting list? It’s the same everywhere, unless you have more money to throw at it than the system allows, you can get anything then. But that isn’t what Joe pubic is getting now is it.

        • Me says:

          Apparently Joe public is not getting that under Obama care either.

        • Me says:

          And neighter are we but we aren’t paying through the nose for it.

        • Me says:

          Directly.

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