EI84mzk2E8AmuBYt0y5NY8kJU3M
nav-left cat-right
cat-right

What Happened In The Stock Market Nov. 7th-11th

Stock Market Report Period November 7-11, 2011
Over the last few weeks the stock market has been having quite a roller coaster ride. Activities have been pinned pretty much on the economic and political uncertainty in Europe. The situation in Greece and Italy has had a major impact on investing habits across the globe. Despite the ups and down during the past week, the stock market ended on a rise on Friday.

US Stock Market Activities for the Period
Friday saw the NY Stock Exchange having some positive gains with a few exceptions. The three main indicators, Dow Jones Industrial Average, Nasdaq and Standard & Poor (S&P) moved up by minute fractions, but any increase is a good sign no matter so small. The gains, according to CNN Money and the New York Times at close of business on Friday, November 11 were as follows:
1. Dow Jones Industrial Average (DJIA) closed the day at 11,893.86 points moving up by 112 points or a mere one percent.
2. Nasdaq Composite Index didn’t fare much better inching up by .1 percent to close at 2, 625,15.
3. Standard & Poor 500 (S&P 500) ended the day with 1,239.70 points, a 0.9 percent increase.
Only two of the companies that make up the 30 components in the Dow Jones ended the week with a negative movement, namely Bank of America and American Express Company.

Commodities Market and the European Debt Crisis
As can be expected, the debt crisis in Europe is affecting other key areas of economic markers worldwide. As the crisis seems to be on the verge of settling down, crude oil prices have started to inch upwards. The New York Mercantile Exchange shows crude oil prices closing the day (11/11/11) at $98.99 per barrel, an increase of $1.21. This increase may continue if the overall outlook for economic growth begins to improve globally.
On the US front, soybeans prices rose and corn prices fell. The increase in soybeans resulted from lower than expected production resulting from adverse conditions such as drought. According to the U.S. Department of Agriculture, only 82.9 metric tons of soybeans will be produced; which represents roughly 8.5 percent lower than expected production figures for the period.
Livestock farmers move towards using wheat as feed has negatively impacted the price of corn. Corn prices fell to $6.39 per bushel on the Chicago Board of Trade (CBOT) as corn futures fell 1.1 percent for December delivery according Bloomberg News.

Job Market Report Shows Slight Improvement
Reports reveal that there were fewer requests for unemployment benefits during the week under review. The Labor Department statistics for the week of October 29 showed claims for the period fell from 406,000 the week prior to 397,000 during the first week of November. This small change may be an indication that the job market maybe be improving, albeit slowly. This has been the lowest figures for unemployment claims for over a month.
While not meeting the 95,000 new non-agricultural jobs predicted by economists polled by Reuters, there was an increase of 80,000 jobs during October. Most of the new jobs were in the education, health, leisure and hospitality sectors. This increase has not done much to improve unemployment rates, which have inched down by one percent to close at 9 percent over September. Another factor to keep in mind is that the government sector is cutting jobs while the private sector is making modest employment gains.
All eyes will be on the market when it opens on Monday, November 14, to see whether the yo-yoing status will continue or whether there will be more positive gains. Most players in the market will be keyed into the activities on the Italian front as three billion Euro five-year bonds will be auctioned.

© 2011 Beating The Stock Market

Related posts

Wall Street Loses All Of It’s Gains For 2011

What a ride it’s been on Wall Street this week. Traders and investors alike pulled out a lot of money from the stock markets on the lack of confidence in the government. With all the hype about raising the debt ceiling to save the country from defaulting, Wall Street still feels that the United States is not out of the woods yet. As it is, concerns about the credit rating agencies Standard and Poors, Fitch and Moody’s may downgrade the U.S. on the grounds of having too much debt as it is.

The DOW, S&P 500 and the NASDAQ are down after the week of doubt did it’s thing. All three of the indexes are down 10% from their recent highs and any gains they had for the year 2011 is all but erased. Equities are not the place you want to be in when the economy is in turmoil, the dollar is losing it’s worth on a daily basis and the Federal Reserve is thinking about QE3 and printing more money.

For those of you that have been following me for some time (and for those who are new, can read past articles) know that I’ve been calling for this to happen since before the New Year. I have no confidence in the markets or in our government. Since the beginning of 2011, I’ve been buying commodities such as gold and silver. No matter what the federal Reserve does about printing money, it can’t create more gold and silver than what is in the world. For that reason alone, I’ve been buying what I can for some time now.

Here’s a video that was posted today by GoldMoneyNews. The video is how silver is now expected (by analysts) to be the big mover in the near future. Typically gold trades at 16 times the price of silver. With that in mind, then silver should be trading at $100 per oz instead of it’s current price of $38 per oz.

So don’t expect good things from the markets in the near future. Our economy is still in shambles, jobs are not coming back quick enough and it’s not just in America that this is going on. Buy precious metals now and hedge yourself from the mayhem that may ensue.
Check out our affiliate sponsor StraightSilver to get the best price for your investment.

Related posts

Alternative Energy Gets Better Everyday

Alternative Energy has been on the minds of people for decades and as the time goes on the technology improves. The price of oil is once again on the rise. The cost of coal has risen and after the latest disaster in Kentucky it has shown us that we need to move towards alternative energy.

Out of all the different alternative energy sources, wind power seems to be the best choice of them all. Why do I say that? Well, it’s because wind power can cost as litter as $0.02 per kwh. One company that I’ve spoken about before and I still stand behind is Mass MegaWatts Wind Power Inc. (MMGW,OB: OTC). They have been doing the right thing in progressing towards a more efficient way in producing wind energy.

Last Friday they released a report in regards to their new design in their turbine blades. Mass MegaWatts has multiple patents on their equipment and that alone will bring value to the company. With many other wind turbine designs, they are costly when it comes to repairs. Unlike other designs, Mass MegaWatts has put together a unit that doesn’t require huge cranes to make repairs to their blades. Mass MegaWatts have also designed a product that is not harmful to birds. The big GE wind turbines have killed many birds, including ones that are on the endangered list.

Presently the stock is sitting at around $0.70 per share and is ready for a break out. they have things in the works that will increase their revenue immensely. I’ve spoken to the company and from what we’ve talked about, this stock is ready to explode. In the coming weeks we will hear a lot of news from this company and I know that it will be positive and wall street will finally take notice of it’s potential. Currently there are no analyst covering this stock, which of course is good for investors looking to get in at good price before everyone else jumps on the “band wagon”.

Look for yourself and you will see that this is the next alternative energy company that will bring new and great things.

Happy Trading.

Related posts

Investing In The Energy Sector

Broadly speaking, the energy sector refers to that sector of the economy that is comprised of a wide variety of stocks (public shares in companies) that have energy production as their essential business. Examples, of these energy stocks include oil companies like Conoco Phillips or Exxon, coal companies, and even “green” energy companies like First Solar which attempts to capitalize on solar energy. As these examples show, some of these stocks may be foreign (for example, Conoco Phillips is Canadian), or U.S. companies (for example, First Solar).


Of course, some U.S. companies do business overseas (for example, Exxon). Thus, an investment in the energy sector may involve the purchase of these different kinds of stocks and many others that fit this description, and it sometimes wise for an investor to consider what element(s) of the business sector is most appealing, given that investor’s beliefs about what types of energy are apt to be particularly fast growing enterprises or what areas of the world are most apt to need and have the ability to expand energy production. An investor can purchase individual energy stocks or a stock fund in which the fund manager has assembled a group of stocks that all share in common a primary involvement in energy production.


This too becomes a consideration, since an investor may have more confidence that a single company will do well in the future than a group of related but different companies or may dislike the idea of investing entirely in a single company and prefer a wider bet that the energy sector will do well, whether a given company does or not. If the intent is to invest in the energy sector, it is generally best to purchase a mutual fund run by a good fund manager with low overhead costs in order to place a wide bet on this sector of the economy generally.


With this decision made, the next step is to research various mutual funds, perhaps through a fund rating company like Morning Star,in order to determine which mutual fund might be purchasing those energy stocks the investor most likes, in the region of the world that the investor believes to be most ripe for fast growth, managed by a fund manager with a good track record, and set up to minimize the overhead costs (for example, the management fees and the commission costs at purchase and sale of the mutual fund). In my judgment, the new investor should always look first at the Vanguard mutual funds.

Related posts