Thursday, April 18, 2013

Economic Journal - Thursday, 4/18/2013

(As of 7:00 am PST)
 
Stocks are searching for stability.  Earnings have been mixed.  The commodities collapse continues to spill over to other markets.  Mixed news on the international scene is not helping.  Today’s new jobless claims number came in slightly higher but was pretty solid.  Gold and oil are both up, recovering after being trounced again yesterday.  The US dollar is generally down.  Comments from Federal Reserve governors have provided mixed signals to the markets, but the strongest reaction comes from influential Governor Lacker who is calling for an end to QE3.  Even the slightest hint of stemming the flow of liquidity sends shudders through the investment community.  However, expect the market to digest the news and turn positive as the day wears on.

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