The Web Tycoon’s blog

American investors are very happy with macroeconomic news, The GDP growth, over the forecasted, and the fall of weekly unemployment helped to make this September an excellent one in Wall Street.

Although doubts spread by the Federal reserve after his last meeting, Wall Street closed his best September since 1939.

Macroeconomic news have been very good for Wall Street

The Macroeconomic data is favorable to the interests of Wall Street. The GDP growth during the second quarter was 0f 1.7%, over the 1.6% forecasted by analysts. Although Wall Street made a positive interpretation of the figure, this means a stagnation of GDP growth, that in the second quarter of 2009 was by 5%, and in the first quarter of 2010 by 3.7%.

The other great new in Wall Street are the weekly demands of unemployment subside, according figures given by government, in the past week have been reduced to 453000, improving expectations of Wall Street, that expected a fall to 460000.

With these references the screens of Wall street are green .

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The deception generated by the private sector employment report of June put Wall Street under pressure. Figures move between red and green after the heavy loses from Wednesday, with the Dow Jones far of the 10000 points.

The Industrial Dow Jones began Wednesday moving to 9867 points, the S&P500 rose by 0.212% to 1043 points. However the technological Nasdaq, has better perspectives and advanced by o.45% to the 2146 points.

Doubts do not leave Wall Street. Other bad macroeconomic figure has showed the weakness of the economic recovery, and the doubts on a possible meltdown are flying around.

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Although record Warnings and the minimums in stock markets, the analysts from Goldman Sachs are optimistic, and think that reaching 1.250-1300 points in the S&P 500 (an increase by 20%) is a reachable objective in the mid-run. About the Euro, the analysts from Goldman Sachs think that is “where it should be”.

Last turbulences kept the S&P 500 near to lose the level of 1000 points. Just after the aperture was trying to reach the 1060 points, still very far from the forecasts of Goldman Sachs.

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The bounce experimented that year by the markets, hasn’t been able to prevent Wall Street to close this year its worst decade in 200 years of history.

Since the end of 1999, Wall Street has lost an average of 0,5% of his value per year. During all this time, markets have received a lesson to the Americans who invested in Wall Street to save money for their retirement.

Many investors in Wall Street won a lot of money because of the market bounce begun in the beginning of the 80′s that lasted until the end of the 90′s. In this period, Wall Street had it’s best behavior in the history, with earnings by an average of 17’6% yearly, that increased share prices in Wall Street.

All this was followed by a trim of dividends by the big companies that braked the profits in Wall Street. But was in 2008 when the ”absolute fear” gave the worst behavior in the history of this market.

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Today in Wall Street, the ‘shelter’ currencies and the assets like the gold have won the pulse. The data on unemployment hasn’t been the only bad new today, the wholesale stocks in September decreased in September for the10th consecutive month while the sales increased more than the expected. According the data published by the Commerce Department, the wholesale inventories felt a 0,9% as the analysts expected.

In Wall Street, unemployment has been the key data, this tax rose from 9,8% to 10,2% a 26 years max, due to the destruction of 190,000 jobs, more than the 175000 expected by the analysts.

The investors of Wall Street are awaiting with some trust the release of the official unemployment report of the US corresponding to the month of October. In his forecasts they promised to wall Street and all the nation, the smallest employment destruction in more than a year, 175000 jobs.

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The fall of the consumer Index and the bad forecasts on Baidu, the Chinese Google, marked the session in Wall Street, but the Dow Jones could even keep the green on october 27^th . Also the rise of the dollar and the Oil have been protagonists of Wall Street on October 27^th (the Oil had correction on October 28^th).

The Dow Jones of industry was the only able to end the day in green with rises of 0,14% to 9882 points. The Standard and Poor’s 500 lost a 0.33% to 1063 points. While the technological Nasdaq Composite took the worst part falling by 1,2% to 2116 points.

Two factors played a important role today against Wall Street and The Dow Jones , the technological companies and the fall of the consumer index in October. In the fist case, the American companies of the Nasdaq paid for the giant Baidu, that has very bad forecasts for the upcoming months and Wall Street penalized this.

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This week in wall Street, the Dow Jones has been affected by the results of Bank of America and General Electric,that haven’t been as convincing as the investors of Wall Street hoped, they bit to collect profits this Friday, furthermore, the data on the consumer’s trust, has been too weak again. However, this has been the week of the banks and the Dow Jones ended rising by 1%.

So, at the end of Friday, The Dow Jones of Industry fell by 0.8% to 9990 points, the S&P500 fell by 0.81% to 1087 points, and the technological Nasdaq fell by 0.76% to 2157 points.

In the weekly balance of Wall Street, after passing the though quest of the banking system results flock from the last 5 days we had green results and profits. The Dow Jones rose this week by 1,35, the S&P500 rose by 1’5% and also the Nasdaq rose, by 0’8%.

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The investors of the big apple have braked their purchases in Wall Street after the analyst Meredith Whitney downgraded this morning the recommendation to Goldman Sachs. The news generated some fear of bankrupt in the yard

Today, the Dow Jones decreased by 0,16% to 9870 points, while the selective Standard & Poor’s 500 felt by 0’18% to 174,54 points.

The financial system has been shacked today in Wall Street by Goldman Sachs after Meredith Whitney downgraded the recommendation from ‘buy’ to’ keep’, this new affected the investors, that far from fearing a bankrupt, they have a lot of good expectations with Goldman Sachs. The Shares of Goldman Sachs plumbed a 2% bringing with them the major part of the economies in this industry.

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