Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 19th of July.
That is the question we posed on our Members Blog today. Please feel free to vote and share your thoughts with us.
TODAY'S MARKET MOVING SECTORS and STOCKS:
Percentage changes in stocks are relative to the S&P 500
| CONSUMER GOODS: -0.35% | Biggest Loser JCI -8.28% |
| SERVICES: -0.02% | Biggest Loser CVS -4.43% |
| HEALTHCARE: -0.80% | Biggest Loser LH -6.84% |
| ENERGY: -0.03% | Biggest Loser PSX -2.09% |
| TECHNOLOGY: +0.39% | Biggest Winner IBM +3.72% |
| FINANCIAL: -0.68% | Biggest Loser MS -5.24% |
| INDUSTRIAL GOODS: -0.43% | Biggest Loser DHR -4.07% |
| BASIC MATERIALS: +0.22% | Biggest Winner PPG +3.01% |
| UTILITIES: -0.89% | Biggest Loser OKE -1.20% |
Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
Click Here to view today's video
Either one for the U.S. it doesn't matter in regards to the debt bomb ticking away. It's far too little, far too late. Doubling taxes for all, cutting spending across the board 50% still won't make the debt just vanish, it's too far gone for that and anyone who has objectively done the numbers can easily see it. Anyone who understands compound interest and sees an exponential line going parabolic showing the debt increases can see the writing on the wall. For example when (not if) the debt hits $20 trillion in a few short years not even counting future unfunded liabilties, simply the interest each year alone at 5% interest rates would approach 50% of GDP. That does not even touch the exponentially growing principal balance. Millions, billions, trillions it's all the same the media would have everyone believe..... perspective is absent.
I agree. I am tired of this sites political bias and bad trade advice ("1550 by June based on our cyclical studies" "Long term traders should maintain a short position" through last winter-spring rally!!! Does anyone else remember these costly gems.)
Both. You wouldn't want a tax cheat as your President.
The questions suggest that Romney can make the economy stronger and shows your bias. My question is what does Romney bring to the problem of job creation that Bush did not try? Will you deny that when George W left office the country was in much worse economic condition than it is now. The heavy lifting has been done.