Wall Street was down Monday, as investors worried over the future of Fannie Mae and Freddie Mac, as well as IndyMac, after the bank collapsed on Friday. U.S. stocks were down again Tuesday, as investors’ unease over the troubled financial sector continued. However, the Dow saw triple-digit gains on Wednesday, as Wells Fargo posted better-than-expected results and the financial sector rose. The Dow saw a second consecutive triple-digit gain Thursday, when the financial sector rallied and the price of oil slipped. The TSX was up Monday, as energy stocks rose despite falling oil prices. On Tuesday, the TSX saw a triple-digit loss on financials along with a significant drop in the price of oil. However, Wednesday brought a turnaround for the TSX, which saw a triple-digit gain, on financials and relief in the U.S. economy. On Thursday the TSX was down on energy stocks as the price of oil fell. On Friday, the Dow was up 49.91 points, to close at 11,496.57, as Microsoft and Google presented disappointing results but Citigroup beat expectations. The TSX closed up 55.71 points, at 13,515.96, on energy and financial stocks.
On Monday…
Luke Brocki wrote that a bull market has suddenly appeared in the uranium sector.
In Micro-cap Monday, Danny Deadlock looked at Fannie Mae and Freddie Mac, and some of the companies he’s following in the mid to long term.
In Monday’s market report from Colin Cieszynski of CMC Markets, equities stabilized while commodities consolidated.
Vic Wisemann of Investors Observer asked, Could online retail be the next booming sector?
There was a downtrend for the Q’s, in the Mid-day Minute.
Chris Ciovacco looked at the long-term implications of a Fannie and Freddie bailout, in A sad day for U.S. taxpayers and investors.
Mike Swanson reported, Fannie and Freddie bring the credit crisis to DEFCON 1.
Then on Tuesday…
Boris Sobolev gave us thoughts about the bear market in the junior sector.
Keith Fitz-Gerald of Money Morning said to position yourself for profits and take steps to protect from swings in either direction.
Nadeem Walayat made a stock market forecast for the Dow Jones for July to September 2008.
Colin Cieszynski of CMC Markets examined major equity market breakdowns and the U.S. presidential cycle.
In part II of the Stockhouse macroeconomics group’s look at a new economy, precious metals win again.
James Kingsdale examined the oil crisis, and some major players: Bush, Israel, Iran, and the OECD.
In Tuesday’s Mid-day Minute, the United States Oil Fund plunged.
Invest using reserves, production, pricing, and news, said Michael R. Mapa of InsideMetals.com.
A gold ETF makes new high as financial stock ETF breaks lower, wrote Dr. Joe Duarte.
In an update to Micro-cap Monday, Danny Deadlock reported on Tinpo Holdings acquiring Western Prospector.
On Wednesday…
Steven Saville said that, although it may not seem like it now, buying in-ground gold should prove to be a good investment.
Martin Hutchinson gave us the best ways to profit from the growing pension fund crisis.
Are financials bottoming? The Weekly Wizards talked to Jay Matulich of Septos Capital Management.
Darryl Robert Schoon said we must seek to understand the history of money, in Bankers Bullsh*t & Bullion: The sacking of America.
The Daily Buy-Sell Advisor gave us the investor’s survival guide in a bear market.
In the market report from Colin Cieszynski of CMC Markets, oil dropped for a second straight day, equities consolidated.
Stockhouse member Gabriel Gray said that U.S. economic disaster follows “extraordinary prosperity”.
In Wednesday’s Mid-day Minute, the Qs are bullish in the near term.
Dr. Joe Duarte reported: the USO wobbles as US/Iran talks near, OPEC cuts demand forecast.
Nadeem Walayat looked at the prospects for crude oil.
In part I of a two-part series, EnergyTechStocks.com investigated Project Better Place, a company looking to break the world of its oil addiction.
On Thursday…
Joseph Hargett of Schaeffer’s Research reported on Goldcorp, a Vancouver-based company that is outperforming even the stellar returns of the gold sector, amid the current market turmoil.
In part II of a two-part series, EnergyTechStocks.com looked at companies that stand to profit from Project Better Place, a company looking to break the world of its oil addiction. Click here to read part I.
William Patalon III of Money Morning examineed the Lost Decade and how to play it, in the first of a two-part series.
The Daily Buy-Sell Advisor gave us cool Canadian stocks for a melting summer market.
Preet Banerjee looked at RRSPs, RRIFs, defined benefit pension plans, and life annuities, and whether converting your RRSP to one of these other vehicles during your retirement might reduce some risk.
Thomas Englebert of SmallCapReview.com reviewed two small-cap stocks worth looking at.
Fear in the streets – The real deal, by Dudley Pierce Baker, said that if the market of August 2007 was a dress rehearsal, today’s market is the main show.
In the Mid-day Minute, there is more weakness ahead for GLD.
Colin Cieszynski of CMC Markets asked, in Thursday’s market report, are the markets having déjà vu all over again?
Charles Hodgkinson looked at Evolving Gold Corporation, and says that right now, the stock is either cheap or fairly valued, depending on your perspective.
Finally, on Friday…
Kevin Graham reported that Southern Arc and Canada Nickel enter the “Ring of Fire”.
SH member coffintrader was bullish on gold, silver, and SilverCrest.
Tom Konrad looked at a geospatial wind power supply curve.
In the market report from Colin Cieszynski of CMC Markets, equities and commodities stabilized toward the end of a volatile week.
In Friday’s Mid-day Minute, the Qs were holding up.
EnergyTechStocks.com looked at three news stories that went unreported by U.S. media, in Growing risk of a shooting war over energy.
Jeff Clark of Casey Research examined why the mania phase of gold may be upon us.
