http://www.wikio.com/search=Markos Kaminis Wikio - Markos Kaminis http://www.wikio.com/search/Markos+Kaminis?rinfoid=62351254 Markos Kaminis (Wall St. Greek) submits: Over the past few weeks, Wall Street Greek has been warning that as the market digests the new reality that inflation is a serious threat, it would likely retest the March 10 market lows. Ironically, on the same day the Federal Reserve released its minutes from the emergency meetings it held back in March, the market did retest the lows. The Dow Industrials closed the week down 4.2%, settling into a new low at 11,346.51. The S&P 500 drifted 3.0% last week, to close within five points of that aforementioned March floor. As we pointed out in our article, “ Technology Stocks, Underweight Tech Now! ,” the Nasdaq Composite has lagged the overall market’s move to the breakpoint. We should point out though, that it’s not as if the Nasdaq has not moved lower in concert with the other indexes. It has, and it declined another 3.8% last week. It’s just that the composite is still 6.7% off the bottom, while the other indexes are already there. Complete Story » Sun, 29 Jun 2008 09:09:33 GMT http://www.wikio.com/search/Markos+Kaminis?rinfoid=62351254 2008-06-29T09:09:33Z http://www.wikio.com/search/Markos+Kaminis?rinfoid=61615716 Markos Kaminis (Wall St. Greek) submits: The stock market forgot to take her anxiety medicine last week, and she had a whole lot to worry about. The bad news came from every direction, whether it was housing, manufacturing, inflation, geopolitical or financial sector news, most of it was unfavorable. Housing sank deeper into the muck, contrary to what we were hoping might prove a seasonal lift. The NAHB/Wells Fargo Housing Market Index moved lower to 18, from a measure of 19 in May. Housing Starts also missed the mark, running at an annual pace of 975K, short of economists’ hopes for 985K. Complete Story » Mon, 23 Jun 2008 10:57:08 GMT http://www.wikio.com/search/Markos+Kaminis?rinfoid=61615716 2008-06-23T10:57:08Z http://www.wikio.com/search/Markos+Kaminis?rinfoid=60659895 Markos Kaminis (Wall St. Greek) submits: We passed the test. The market had an important check up this past week, and passed thanks to a rally on Friday. Historically, the midpoint of stock market trough to rally peak has proven an important point for price support. That midpoint this time around was 1,350 on the S&P 500 Index. While we drifted below 1,350 on Wednesday, the market came up for air on Thursday and broke clean free of the water line on Friday, closing exactly where it started the week, at 1,360. It was an important exam, and we view it also significant that the close of the week offered hope. It seems to signal institutional conviction in the stability of that threshold. That said, news flow could prove the technicals worthless next week just the same. Complete Story » Sun, 15 Jun 2008 07:25:46 GMT http://www.wikio.com/search/Markos+Kaminis?rinfoid=60659895 2008-06-15T07:25:46Z http://www.wikio.com/search/Markos+Kaminis?rinfoid=59960875 Markos Kaminis (Wall St. Greek) submits: The stock market had a panic attack at the end of the week last week, and for good reason. Unemployment was reported at 5.5% in May, up five-tenths of a percentage point from April. The jobless rate was also significantly greater than economist expectations for 5.1%. As a result, the S&P 500 Index collapsed 3.1% on Friday alone, negating a fractional gain that had been achieved for the week through Thursday. The largest one-month increase in unemployment since 1986, sent the dollar spiraling against foreign currencies. The greenback moved to $1.578 per euro. As if that was not enough bad news for one day, the oil market turned frenzied as well. Dollar weakness combined with tough talk from Israeli Transportation Minister Shaul Mofaz to send oil skyrocketing. Complete Story » Mon, 09 Jun 2008 18:42:14 GMT http://www.wikio.com/search/Markos+Kaminis?rinfoid=59960875 2008-06-09T18:42:14Z