Market recap: Stocks gave up early gains to finish flat, as enthusiasm over the...

Market recap: Stocks gave up early gains to finish flat, as enthusiasm over the better-than-expected retail sales report fizzled. Inventories rose too, indicating that businesses aren't yet bullish on consumers. "The markets are essentially floating," waiting on more direction from central bankers. Oil closed at $93.43, a one-week high. NYSE decliners topped advancers five to three.
Comments (4)
  • bbro
    , contributor
    Comments (11223) | Send Message
    The weak business sales is the worry....
    14 Aug 2012, 04:18 PM Reply Like
  • into dark shadows
    , contributor
    Comments (460) | Send Message
    This is a very serious market tape we find ourselves mired in!
    Not enough respect are being given the internals!
    This market is all, 100% Bernanke and his QE Stun gun fixated!


    There is NO WAY we get anything out of this serial Bubble Blower at Jackson whatever hole!
    Who the hell would even think that with Oil at $93 a barrel, we would get ANYTHING that would drive the price of FOOD and FUEL still HIGHER!
    How perverted have the so called "Smart Money" become when they are willing to throw every hard working man / woman under the bus for another 10%?


    Look at the internals,
    Look at the weekly / monthly charts!
    You are at the crest of a wave 3 or "C" wave,
    2007 was in the same spot, we are getting ready for a nasty spill!


    The only saving grace as time marches "FORWARD" (not for Barry though), is the fact that if the market goes over the waterfall as I expect, we could get a SHARP counter trend rally with the election of Romney and Ryan!
    God save the republic
    14 Aug 2012, 04:27 PM Reply Like
  • torahislife
    , contributor
    Comments (400) | Send Message
    Retail sales up. Market's up. Bulls and dems swear all is great. No need for QE.
    14 Aug 2012, 04:35 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3121) | Send Message
    This in from FT:


    The Spanish government is in talks with Brussels to allow tens of thousands of retail clients who bought risky savings products from now nationalised lenders to avoid losing their investments as part of Spain’s bank bailout
    14 Aug 2012, 04:41 PM Reply Like
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