Daily Video Update: Bernanke speaks …Thank goodness that's over!

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 31st of August.

Well, it's the last trading day of the month and judging by the volume this month, hasn't been a particularly great month for anyone. Looks like stocks are going to close out August with a 2% gain on the S&P 500. More interestingly the gold market is up over 4% for the month!

It seems as though the markets are saying in gold we trust and not Bernanke.

When everyone returns from their Labor Day weekend, we expect the markets to have more volume and activity. At the moment, August will go in the books as one of the lowest volume months ever!

When we return in September the market will be fixated on the ECB and what Mario Draghi and Europe may or may not do.

That is what I love about the markets, they are never boring.

To all our American members and readers, enjoy a safe and happy Labor Day.

Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
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Bernanke: With unemployment high, Fed can do more

Posted on by The INO.com Team

(AP:JACKSON HOLE, Wyo.) Chairman Ben Bernanke says high U.S. unemployment is a "grave concern" and that the Federal Reserve will provide more help if the economy doesn't improve.

Bernanke stopped short of committing the Fed to any specific move, such as another round of bond purchases to lower long-term interest rates. But in a speech in Jackson Hole, Wyo., Bernanke suggested the Fed will consider further steps to boost the economy, which he describes as "far from satisfactory."

He noted that further action carries risks but says the Fed can manage them. The Fed "should not rule out" new policies to improve the job market, Bernanke says. Continue reading "Bernanke: With unemployment high, Fed can do more" →

Waiting on Bernanke

Posted on by The INO.com Team

After moving notably lower over the course of the previous session, stocks are likely to move back to the upside in early trading on Friday. The major index futures are currently pointing to a sharply higher open for the markets, with the Dow futures up by 115 points.

The upward momentum for the markets comes as traders express optimism about Federal Reserve Chairman Ben Bernanke's upcoming speech at the Kansas City Fed's Jackson Hole symposium. Bernanke is due to speak at about 10 am ET.

Many traders expect Bernanke to make comments indicating whether the central bank will engage in another round of quantitative easing. Continue reading "Waiting on Bernanke" →

Doug Casey Predicts Day of Economic Reckoning Is Near

Posted on by The INO.com Team

It is a deal with the devil: governments churn out more and more cash for the promise of continued prosperity. But the day of reckoning is near, according to Doug Casey, chairman of Casey Research and an expert on crisis investing. As the epic battle between inflation and deflation continues, Casey discusses his predictions for the new world market in this exclusive interview with The Gold Report.

The Gold Report: There will be a Casey Research Summit on "Navigating the Politicized Economy" in Carlsbad, California in September. Investors from around the world look to these summits as future road maps for investing pitfalls and opportunities. Continue reading "Doug Casey Predicts Day of Economic Reckoning Is Near" →

Uncertainty About Bernanke Leads To Weakness

Posted on by The INO.com Team

(RTTNews) - After turning in a lackluster performance over the three previous sessions, stocks saw notable weakness during trading on Thursday. Uncertainty ahead of a key speech by Federal Reserve Chairman Ben Bernanke contributed to the weakness on Wall Street.

The major averages moved to the downside going into the close, with the S&P 500 ending the day just below 1,400. The S&P 500 fell 11.01 points or 0.8 percent to 1,399.48, while the Dow slid 106.77 points or 0.8 percent to 13,000.71 and the Nasdaq dropped 32.48 points or 1.1 percent to 3,048.71. Continue reading "Uncertainty About Bernanke Leads To Weakness" →