Daily Market Commentary for July 18, 2008 from Millennium-Traders.Com
Earnings reported on Merrill Lynch (NYSE: MER) came in with a loss of $4.9 billion with a $9.4 billion in losses related to mortgage losses. Google shares (NasdaqGS: GOOG) got slammed after reported earnings at $1.25 billion or $3.92 per share. (read more)
http://www.millennium-traders.com/news/newscommentary.aspx
At the closing bell on the Stock Exchange, here is how the major world indices and major U.S. indices ended the session… Continue reading
Daily Market Commentary for July 31, 2008 from Millennium-Traders.Com
It doesn’t take a rocket scientist to see that, the economic crisis, is far from over. Government officials are talking more of a ‘second’ economic stimulus package and it hasn’t been that long since the first one was put into play. (read more)
http://www.millennium-traders.com/news/newscommentary.aspx
Hot Stock picks on the move today for day trading: MasterCard Incorporated (NYSE: MA) and AK Steel Holding Corporation (NYSE: AKS). MasterCard… Continue reading
Daily Market Commentary for October 9, 2008 from Millennium-Traders.Com
As it played out, the DOW spiraled uncontrollably lower dropping below 8600 by the time the closing bell rang today. The ongoing fall of the stock market is hereinafter referred to as the ‘Crash of 2008′. (read more)
http://www.millennium-traders.com/news/newscommentary.aspx
Economic data released today:
Jobless Claims:
U.S. Jobless Claims fell 20K to 478K for week of October 4 compared to survey of a drop by 22K; U.S.… Continue reading