The market review for February 22

Stock trading on U.S. trading floors on Friday, February 19, major indexes opened lower against the backdrop of the landmark decision of the Federal Reserve to raise the so-called discount rate. The last time the U.S. central bank increased it in June 2006. The vast majority of analysts interpreted the decision of the regulator as an unambiguous signal about the beginning of the exit from the crisis of monetary regime. A logical extension of the measures initiated sooner or later will increase the base interest rate, which since December 2008. is at the level 0-0,25%. However, in the Reserve tried to reassure the market by stating that the step taken does not mean a quick raise key interest rates. In addition, the department reiterated that the situation in the U.S. financial system is recovering and banks no longer need that level of support that is given to them earlier. Investors found these arguments convincing, and indexes climbed into positive territory.

As a result of trading on February 19 2010. Dow Jones index rose by 9.45 points (0.09%) – to 10,402.35 points, NASDAQ rose by 2.16 points (+0.1%) – to 2,243.87 points, S & P rose to 2,42 points (0.22%) and amounted to 1,109.17 points. read more

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The market review for February 19

Thursday, February 18, trades on the American stock market began a small gepom down by weak data out of macroeconomic statistics on the labor market and lower-than-expected increase in the index of leading indicators. Last January he added, only 0,3%, while experts predicted an increase of 0,5% after the December increase of 1,1%. With regard to labor market data, the number of initial applications for unemployment insurance for the past week unexpectedly rose to 473 thousand, moreover, that analysts do not expect changes from the previous figure of 440 thousand In addition, 1.4% up in January, the index of production prices, nearly doubling the forecasts.
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The market review for February 18

well as the strong macroeconomic statistics. Thus, the number of new buildings in January increased by 2,8% – to 591 thousand, while analysts had expected growth of only up to 580 thousand as not to upset the expert and the index of U.S. industrial output in January – its increase was 0,9% which was higher projections by 0,2%. At the American sites remain uneasy situation: the bidders to focus attention on a strong data makrostatistiki, then the problems of the EU, then the slowing Chinese economy – confidence in the bright future of the U.S. market there. Nevertheless, among most American companies has become a bit more expensive.

As a result of trading on February 17 2010. Dow Jones index rose 40.43 points (0.39%) – to 10,309.24 points, NASDAQ rose by 12.1 points (0.55%) – to 2,226.29 points, S & P rose to 4,64 points (0.42%) and amounted to 1,099.51 points.
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Jean Paul Getty

Jean Paul Getty (J. Paul Getty) – American industrialist, one of the first-ever dollar-billionaire, founder of the Getty Museum. In the Getty empire includes the largest company Getty Oil Company and over 200 corporations.

Born Dec. 15, 1892 in Minneapolis, Minnesota, United States domestic oil tycoon Irishman George Franklin Getty, the daughter of Scottish immigrants Sarah Catherine McPherson Risher, who were already in a respectable age, and moreover, for two years before had lost his only daughter, Gertrude. After Oxford in 1913, Jean Paul began trading oil in the Tulsa, Oklahoma, and in 1916 he earned first own a million dollars. In the same year, his company moved to California.

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John Templeton

Sir John Marks Templeton (John Marks Templeton) was born November 29, 1912 in the small town of Winchester, Tenn., in a poor family. While studying at Yale, which fell on the Great Depression, he was forced to support themselves independently and become accustomed to austerity. In 1934 he graduated as best student in their group, earning the opportunity to continue their studies in college Belliol in Oxford, which he graduated, receiving a degree in jurisprudence. In 1937, Templeton started his career on Wall Street.

His hour had struck in 1939, when Europe started in World War II. After taking his boss at $ 10000, Templeton bought shares of small capitalization companies, traded at a price $ 1 or below. This was risky to be extremely successful and allowed him to make a profit, exceeding credit four times.

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John P. Morgan

John Pierpont Morgan I (John Pierpont Morgan I) – U.S. financier and organizer of industry, one of the most prominent financial figures of the two decades before the First World War. They were organized several major railroads and consolidated the company “United Steyts Steel”, “Interneyshnl Harvester and General Electric. The son of a famous financier, Junius Spencer Morgan (1813-90), John Pierpont was born April 17, 1837 Hartford, Connecticut, USA was educated in Boston and the University of Goettingen. He began his career in 1857 as an accountant of the New York banking firm Duncan, Sherman & Co., which was the American representative of the London firm George Peabody and Co “. In 1861, Morgan became the agent of the banking company of his father in New York. During the 1864-71 period he was a member of the firm “Dabni, Morgan and Co. and in 1871 he became a partner in the New York firm Drexel, Morgan & Co., which soon became the dominant source of funding for the U.S. government. This company was reorganized as the “J. JP Morgan and Co. in 1895, and, largely thanks to his ability Morgan, she became one of the most powerful banking houses in the world.

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John Bollinger

John Bollinger is the president and founder of Bollinger Capital Management, investment management companies, provider based on technical analysis services to wealth management for private individuals, corporations, trusts and pension funds. Bollinger publishes Capital Growth Letter. For many years, John Bollinger was chief analyst of the national cable TV Financial News Network (FNN), dedicated to financial news. Currently, he continues to advocate with weekly analytical commentary on channel CNBC, the successor of FNN, and for many years was the chief market analyst at Financial News Network.

Background to the financial career of John Bollinger periodically appeared on his path of life from early childhood. In his book “Bollinger on the tapes (bands) Bollinger, the author describes it this way:” I first encountered the stock market when I was a child and inherited a few shares Fruhauf, a company that subsequently rolled down and rolled and finally , sunk into bankruptcy. The second time I ran into him in the late sixties, when he was a young man, when I worked at the Museum of the media, establishment, owned by three brothers, whose father was then a successful underwriter of high-tech shares.

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John Bogle

John Clifton “Jack” Bogle (John Clifton “Jack” Bogle). To date, hundreds of billions of dollars invested by investors in index funds that will provide a stable income and has a low cost. For an excellent opportunity to get capital gains, not making much effort and not trying to “outplay” the market, investors should thank one man – John Bogla. Friends and colleagues, and often journalists call him Jack.

Bogle founded Vanguard, now managing the second largest family of mutual funds assets in the world, and in 1976 introduced to the market first index fund shares, effectively completing a revolutionary breakthrough in the industry. His idea, which he developed further in the thesis work while studying at Princeton, was simple as all genius. Realizing that in the long term, most investors, including mutual funds, lagging behind the market, and the commission for the transaction and asset management further reducing income investors, Bogle created the index funds simply by tracking the market. These funds do not feel the need either to expensive specialists on stock selection, or in high portfolio turnover and, hence, can invest without paying a significant share of income asset manager.

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Joe Di Napoli

Jo DiNapoli – a professional trader, the company president “Coast Investment Software, Inc.” Though his methods are applicable on all time scales and in all liquid markets, DiNapoli most prefer intraday trading on stock market indices. He began to sell them since he was introduced the S & P in 1982.

Joe DiNapoli – a professional trader and trading veteran with more than 35 years of market experience. He is also a tenacious researcher, an internationally recognized lecturer and well-known author. His formal education is associated with the electrical engineering and economics. His informal education was in the bunker, the so-called place of trade, a full complement of electronics and communications equipment, where most of the early studies began Joe. Trader Joe’s – so he signed the letter and the so-called by his friends and students who are working in many different countries and different markets.

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Jim Rogers

Bilend James Rogers, Jr. (James Beeland Rogers, Jr.) – U.S. investor, was co-founder of Quantum, a college professor, author, economic commentator, and creator of commodity index Rogers International Commodities Index (RICI).

Jim Rogers was born Oct. 19, 1942 in Baltimore, Maryland. He studied at Yale University and then at Oxford, where he studied politics, philosophy and economics. In the summer of 1964, working in the firm Dominick & Dominick, Jim Rogers really carried away by what is happening on Wall Street and “plunged” into the life of the financial world. It was here he returned after the end of Oxford and service in the army. In the early 1970’s., Gaining experience in the firm Arnhold and S. Bleichroeder, Jim Rogers was one of the founders of the Quantum Fund – a partnership in the sphere of global investment. During the next 10 years, the portfolio value Quantum Fund grew by more than 4200%, while the growth index, Standard & Poor’s 500 over that period was approximately 47%. At the age of 37 years, Jim Rogers has decided to leave the fund. He currently manages his own portfolio, teaches finance in the Graduate School of Business at Columbia University and is a regular commentator and presenter of headings in various media.

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