The Street expects solid news out of the Euro-summit today. The stock market is up 14% in anticipation of solutions, not more "talk." No room for disappointment!
As a result of indecision here and abroad, stock prices are once again tumbling, with the prospect of a nasty open. Looks ugly enough to do some holiday shopping.
Finally, the stock market is getting a boost from Europe as its leaders are acting to head off the dissolution of the EU. DJIA 11,750 (S&P 500: 1214) possible.
Soaring interest rates on Italian debt overnight suggests soaring fear about its financial problems and lower stock markets at the open. Is fear justified?
The market is thumbing its nose at the S&P European down grades - Euro-zone countries raising money at lower costs - good. Today's Rally Must Hold gains though.
Without Europe's sovereign debt and banking woes this market would fly. Economic reports dispute argumant for recession. Traders' opportunity on weakness today.
What would surprise the Street? A euro-solution. If contagion comes off the table, bonds drop, stocks fly. A stretch? Maybe - but must be considered possible.
Good news out of Italy and Greece buoys stocks going into the weekend, as risk level abates. The potential for an upside breakout per a move above DJIA 12,200.
A 500 - 700 point surge in the DJIA is possible here. What's needed is for Europe to get out of the way. Expect a slight correction today and tomorrow.
Progress was made by European leaders over the weekend, but definitive plans are not expected until Wednesday. Investors should expect volatility until then
This week's 7.6% surge in the market changes the game. We now have a trading range that will offer a host of investment opportunities but timing of buys is key.
Yet another twist in the Euro-drama and global markets are roiled again. No telling what will evolve this week, but it is getting close to a buy for risk-takers.
The S&P 500 has risen 12 percent in anticipation of a near-term solution of its bank/sovereign debt issues. The market has no room for a disappointment.
The DJIA is up 1,000 points in 5 days in anticipation of a favorable outcome at the Eurozone's Dec. 9 summit, but volatility is likely in the interim - careful.
A lot of good stuff has been discounted in a 950-point surge in the stodgy DJIA in six days. Uncertainties call for a drop of 200-300 points - volatility is back.