For more Voice of the People, visit http://at.zacks.com/?id=7872
Featured Post
The Inside Keys To Today's Market ActionThe markets are jumping higher today on the back of a commodity pull back. Oil is dropping slightly on the day as it appears Moammar Gadhafi is on the retreat. Not only has the U.N been meeting about a possible no fly zone over Libya but rumors have surfaced that the Gadhafi is trying to negotiate an exit from Libya with the opposition.
As of now, the rest of the Middle East is relatively quiet. Oil is lower on the day with the United States Oil Fund LP (USO) trading at $41.98, -0.39 (-0.92%). As is common knowledge, a lower oil price is viewed by the markets as being better for the economy. Should oil prices reverse higher, the markets would most likely start to sell off.
Other commodities are starting to pull back. Gold and silver, which are viewed as safe investments during times of unrest are dropping today. This coincides with oils retreat as fears are subsiding slightly. The SPDR Gold Trust (GLD) is at $139.08, -0.64 (-0.46%) while the iShares Silver Trust (SLV) is at $34.91, -0.32 (-0.91%).
It appears the two driving forces in the market are oil prices and addition or lack of quantitative easing. The markets are reacting to oil and its moves but also realize the drug which has been keeping the market near a 100% gain since March 2009 is about to end. This drug was the Federal Reserve policy of printing trillions of dollars and flooding the markets with them. The end to quantitative easing will be like a drug addict, taken off their drugs. Not a pretty sight. The markets are starting to realize the end is coming to free money and getting nervous.
Related: SPDR S&P 500 ETF (SPY) Gareth Soloway
InTheMoneyStocks.com
About the Zacks Community
In 2008, Zacks Investment Research launched PeopleAndPicks.com, a stock-picking website where members of the Zacks community can test their strategies and share ideas with other members. Each user is scored on the accuracy of his or her picks, and top users are rewarded with free products from Zacks. Registration is free. To learn more about People And Picks, visit http://at.zacks.com/?id=7870
Follow us on Twitter: http://www.twitter.com/PeopleAndPicks
About ZacksZacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3:1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit From the Pros by going to http://at.zacks.com/?id=7867.
Zacks Investment Research
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.