Seeking Alpha

theyenguy's  Instablog

theyenguy
Send Message
I am not an investment professional. I do not engage in stock or currency trading. I am a blogger and investor who believes the failure of credit has created an investment demand for gold, and that gold bullion is the sole means of wealth preservation.
My company:
Economic Review Journal
My blog:
EconomicReview Journal
  • Stocks Rise To New High As Fed Signals It Is In No Hurry To End Quantitative Easing 2 0 comments
    Apr 26, 2011 10:56 PM | about stocks: ACWI, VT, FIW, PSCI, XSD, IYT, RZV, PSCT, IBB, FONE, EVX, RZG, VOX, RWW, KRE, XBI, PSCD, FXE, UUP, DIA, IWO, BWZ, SMDI-RETIRED, SZR, EZA, FXA, KROO, EWA, EWL, F, FXM, EWW, VGK, JNK, ALU, XOM, IBM, E, VTXPF, UTX, DBV, BWX, PICB, XLU
    Financial Market Report for April 26, 2011

    1) … Stocks soared to new highs
    as the Federal Reserve kicked off a two-day meeting on Tuesday that will probably show that it is in no hurry to scale back purchases of Treasuries. Did the world achieve peak stock wealth today? ACWI, and VT, closed at new rally highs. Stocks rising today included
    Water, FIW 2.3
    Small Cap Industrial, PSCI 2.2
    Semiconductor, XSD 2.0
    Transportation, IYT 1.9
    Wood And Paper Production, WOOD 1.8
    Small Cap Health, PSCH 1.7
    Industrial, IYJ 1.7
    Small Cap Value, RZV 1.5
    Small Cap Technology, PSCT 1.5
    Biotechnology, IBB 1.5
    Apple Phone Ecosystem, FONE 1.5
    Enviornmental, EVX 1.5
    Small Cap Growth, RZG 1.4
    Telecommunications, VOX 1.4
    Small Cap Revenue, RWJ 1.4
    Regional Banks, KRE 1.3
    Biotechnology, XBI 1.2
    Small Cap Consumer Discretionary, PSCD 1.2

    Utilities, XLU rose 0.8, on falling interest rates, $TNX, and a rising Euro, FXE.  The US Dollar, $USD, closed at 73.77 in a hammer

    Morgan Stanley Cyclical Index, $CYC, 1.4, S&P, SPY, 0.8, Dow, DIA, 0.9, Russell 2000 Growth, IWO, 0.7, Morningstar Mid Growth, JHK, 0.4

    2) … Currencies rose strongly today
    New Zealand Dollar, BNZ, causing New Zealand, ENZL, to rise
    South African Rand, SZR, causing South Africa, EZA, to rise
    New Zealand Dollar, FXA, causing the Australian Small Caps, KROO, and Australia, EWA, to rise
    Swiss Franc, FXF, causing Switzerland, EWL, to rise
    Mexico Peso, FXM, causing  Mexico, EWW, to rise  
    The Euro, FXE, causing Europe, VGK, to rise.

    3) … Has the world reached peak debt? Junk Bonds, JNK, rose to a new rally high.
    My Budget 360 writes: The financial tipping point of peak debt

    4) … Joe Weisenthal of Business Insider provides the Case-Shiller Survey February 20-city composite index chart which shows home prices fell 3.3% from a year ago


    5) ,... Charts of Interest
    ALU



    XOM Exxon Mobil

    IBM



    F Ford


    UTX United Technologies




    VT:DJP Stocks relative to commodities have likely topped out once again



    DBV World major currencies have likely topped out



    BWX World Government Bonds have likely topped out



    PICB International Corporate Bonds have likely topped out



    IYT, Transportation


    6) In today’s news

    Between The Hedges reports The Greece, Ireland and Portugal sovereign cds are now all at new record highs

    Mike Mish Shedlock provides the quote of Clyde "Fiat currencies don't float, they sink at varying rates."
Back To theyenguy's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.