This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Europe Concerns Resurface: Dave's Daily



It seems the on again off again euro zone troubles just keep coming. Wednesday it was Spain's turn in the spotlight with threats of credit rating downgrades. So, just when you think things are "fixed" they come unglued. This affair caused the dollar to rise and commodity related markets to fall as many investors get whipsawed about.

Despite the rise in the dollar and another bout of POMO bonds continued to sell-off. It makes one wonder at the Fed's policies frankly since the effect thus far has been the opposite of policy intentions. Further, the rise in yields will eventually become a negative for equity investors as higher yields compete for investor dollars.

That said, investors did get better than expected news today from Industrial Production (.4% vs .2% consensus) and the Empire State Manufacturing Survey (10.57 vs 3 consensus). Better earnings were noted from Office Depot and Staples to help the consumer sector which hasn't needed much help lately.

Volume was light once again while breadth was negative.

Continue to U.S. Sectors, Stocks & Bonds
1 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
IEF $110.67 0.00%
IEV $39.08 0.00%
IWM $110.26 0.00%
SPY $204.97 0.00%
SPLS $10.16 0.00%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs