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.

In June, according the report ADP, the private sector of the United States generated 13000 jobs, a figure very lower than the expectations of the market that hoped something better: 60000 new jobs.

The figure uses to serve as guide before the release in Friday of the report on no agricultural employment in June, that elaborates the work department of the United States.

The other figure programed for the last day of the month is the index of buyers in the region of Chicago. As happened with employment, has also performed worse than expected with Just 59,1 points in June, from the 59.7 in May.

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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.

Abby Joseph Cohen, strategist of Goldman Sachs, discarded the threat of a double recession in the macroeconomic landscape. According Abby Joseph Cohen, the main threat on American economy is: “the labor market. Its obvious that the employment creation has been reactivated , but done it too slowly”.

In his forecasts considers a GDP growth in the United States by 2,9% for this year, contrasting with the 2,4% of new contracts. Furthermore the Federal Reserve will wait “the longest possible” before beginning to raise interest rates.

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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.

The falls in Wall Street since the end of 1999, converted this decade in the worst since 1820, when began the reliable records in Wall Street, According the records of the finance professor in the University of Yale, William Goetzmann.

The falls recorded this last 10 years overpassed the ones of the Greath depression decade, the one in the 30s, and the ones in other decades with financial crisis like 1907 and 1893.

According Michele Gambera, chief economist of Ibbotson Associates. ”The last 10 years have been a nightmare , really pessimal for the American Markets”

In this decade, However, companies close to the energy industry obtained important revaluations. This is the case of Chevron or Exxon Mobil, that rocketed by more than 70%. In the S&P500 this industry has rocketed by 145% during the worst decade of Wall Street.

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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.

The data,has been a bad new for Wall Street, Investors were expecting a rise from 9,8 to 9,9. But 10,2% is something never seen since 1983.

The unemployment continues being one of the biggest issues of the American Economy and for this reason, the FMI will hold a meeting to reiterate that in spit of the end of the recession, will keep the interest rate between 0 an 0,25% , in levels exceptionally low, during a prolongated period of time.

The Fed has insinuated that the true inflexion point in the interest rates isn’t the economic growth,nor the profits in Wall Street but the improvement on the labor market, And the forecast about unemployment predict that it will continue rising during all the 2010,with an unemployment rate over 10% for first time since 1983.

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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.

Known as the ”Chinese Google’, this company announced today a growth of 42% in net profits and a 39% in sales. However, in the last quarter of the year, this company expects to have a profit between 174and 180 millions, very lower than the 205 expected by the analysts, and the fear in Wall Street plummeted the shares by 11,4%.

Except for some exceptions, like Texas Instrument, or IBM, that rose by 0,42 and 0,45 respectively, the majority of the companies integrating the Nasdaq Composite,ended in loses. So AMD fell by 5,35%, Nvidia Corp by 3,4%, Apple by 2,52%, Intel by 0,45%, and Google by 1,07%.

Other industry that made it difficult for Wall Street was the banking, The investors did not like the Bank of America’s amplification of capital by $45Bn , to return the funds of the financial rescue (TARP). Wall street reacted with a fall by 0,3% in the shares. This also transmitted to the other banks.

On the other side,In Wall Street, the oil companies have been benefited by the rise of the West Texas, the reference of the United States rose to $ 79,33.

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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%.

After the frenetic optimism in Wall Street delivered by the profits of JPMorgan this Wednesday, and after the rally of Thursday, the investors opted to take a break and collect profits, leaving the Dow Jones under 10000 points.

Today, the reason to collect profits has been given by 2 of the 3 main blue chips of Wall Street. Bank of America, the biggest bank of Wall Street, recorded loses by $1bn in the third quarter, these results suppose a loss of $0.26 per share, more than the $0.24 expected by the analysts assessed Bloomberg. Furthermore the entity added $11,7bn in provisions.

The growth of defaulting motivated this Cash flow to their provisions because the defaulting tax continues growing. The shares of Bank of America fell by 4% and they are transmitting to all the industry, JPMorgan fell by 1,5%, Citigroup lost a 3% and Goldman Sachs fell by 2%.

On the other hand, one of the thermometers of Wall Street and the Dow Jones, General Electric had its profits ripped by 44% in the last quarter, most of this loss was due to its financial filial GE capital, that plumbed profits by 87%. The shares of GE have been the heaviest on the Dow Jones this Friday, and when Wall street closed, they had been fallen by 3%.

In the technological of Wall Street, two important companies have also released their balances to Wall Street and the market, AMD and IBM. The first one, also member of the Dow Jones, lost a 5% but these results were the expected by Wall Street. IBM had a 13% more of profits although its revenue fell by 7%

Google also released profits to be followed in Wall Street, with a 21% of profits, supposing $5,89 per share, more than the expected $5,49, the shares of Google rose by 3%.

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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.

The deception generated in the yard of Wall Street by Whitney’s recommendation, shadowed the release of the Johnson & Johnson’s results, that could beat the expectations in the market and improved the prediction of profits for the rest of the year. Their shares lost more in Wall Street than the ones of Goldman Sachs, felt by a 2′5%.

Out of the scene,In Wall Street, there is also the new acquisition made by Cisco, that will pay $2.900 million for Starent Networks, what supposes a prime of 21%. This is the second purchase made by the american giant in just 12 days.

Worse than Goldman Sachs are the news from City Group, that is very close of the bankrupt and furthermore has announced the resign of his president, Jeffrey Peek, that will abandon the company the next December 31st . The decision isn’t more than other try to prevent bankrupt as many others the company has achieved to scape from extinction. Their shares felt in Wall Street by 14%

The banking system is the protagonist of Wall Street, and not just by Goldman Sachs and City Group, also Sheila Bair the president of FDIC, the federal deposit insurance corporation, admitted in an interview that the bankrupt of banks will keep strong in EEUU until 2011 and 2010 will be a relatively difficult year.

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