Professor Roubini’s Crystal Ball
Nouriel Roubini is a Professor at the Stern School of Business at New York University. His analysis appears regularly on his blogsite, Global EconoMonitor. Last week’s prediction was particularly dire and is worth reprinting here: “It is increasingly clear by now that a severe U.S. recession is inevitable in next few months…I now see the [...]
Why The Dow Kept Going Up ?
Dow Jones finally fell nearly 150 points. The reason for the fall was blamed at higher oil prices, weak economic indicators and lackluster retail sales. A variety of gold, silver, steel and oil stocks slumped. Home builders, health care and a variety of tech stocks sank too. However before this fall, stocks have gained over [...]
Dow Record High … Don’t Believe the Hype
The big headline a few weeks ago was the record high hit by the Dow Jones average. Of course what you didn’t read or hear at the time was that the ratio of declining to advancing shares was 1800 to 1300. In other words, even as the Dow was hitting its stride the market was [...]