Well the Dow Jones got clobbered again today, down 252 points at the close The NASDAQ down about 55 The transports continue to get clobbered
The U.S. stock market finished up its worst week since August, when everybody though a rate hike was just around the corner Substantial triple-digit losses
Mario Draghi of the ECB sent shockwaves through the foreign exchange and currency markets today He didn’t deliver the stimulus traders expected The big question
The Dow Jones finished up almost 140 points – back over 17000 The Dow has now rallied 1,000 points since its lows on Friday followingThe Dow Jones finished up almost 140 points - back over 17000 The Dow has now rallied 1,000 points since its lows on Friday following the lower than expected Non-Farm Payroll number
Over the weekend the Greeks voted no to the Eurozone bailout terms The Greeks ars still hoping for a better deal, hoping to avoid austerity
Once again, a week of worse than expected economic data punctuated by another better than expected non-farm payroll report from the government ADP private sector
Monthly non-farm employment number beat expectations Upward revisions to prior months Average hourly earnings number jumped by .5 Immediate reaction in the market was swift
Peter Schiff is an economist, financial broker/dealer, author, frequent guest on national news, and host of the Peter Schiff Show Podcast.