{"id":1333,"date":"2009-07-05T21:43:08","date_gmt":"2009-07-06T02:43:08","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=1333"},"modified":"2009-07-06T07:00:05","modified_gmt":"2009-07-06T12:00:05","slug":"the-week-that-was-june-28-july-5-2009","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/the-week-that-was-june-28-july-5-2009","title":{"rendered":"The Week That Was: June 28 – July 5, 2009"},"content":{"rendered":"

Short week as Americans prepared to celebrate the Fourth of July.\u00a0 I caught some nice sun and relaxed; hope you were all able to do the same.\u00a0 We had some light volume until the non-farm payrolls number on Thursday, trading lower over the course of the rest of the day and closing near the lows.\u00a0 Overall, not exactly how the bulls would prefer to go into the start of earnings season this week.<\/p>\n

Zerohedge has been getting a lot of notice from the other kids in the sand box lately. Just this week alone, Zerohedge had responses from Goldman, NYSE, and Dennis Kneale. Tyler Durden writes some good stuff. Here’s an interesting post on the current Goldman saga<\/a> with regards to stolen automated trading algorithms.<\/p>\n

The SEC may re-instate the uptick rule<\/a>.\u00a0 I completely disagree with this.\u00a0 All those conspiracy theorists (Cramer included) that say hedge funds were just waiting for the rule to be repealed are wrong.\u00a0 Along the same lines, you might as well put in a downtick rule, because you don’t want people manipulating prices to the upside either.\u00a0 Regardless, uptick rule or not, fundamentals are fundamentals.\u00a0 Stocks will find their true value regardless.<\/p>\n

A second stimulus?\u00a0 Biden didn’t say no<\/a>.\u00a0 I think what’s important to realize here is that not only may we be in need of a second stimulus plan, but that it’s the states that are in trouble as well.\u00a0 The government has been firm in not providing help to states that have run into fiscal problems.\u00a0 But the fact of the matter is that these states are operating on deficits and trying to balance the budget during a recession, effectively negating everything the federal government is doing.\u00a0 I personally think that at some point Obama will have to break on this and provide money to the troubled states.<\/p>\n

Swedish interest rates have gone negative<\/a>.\u00a0 This is completely unprecedented, and you can bet that every central banker around the world is looking at how the marketplace and economy will react to this.\u00a0 I must agree with the article in that the problem is savings and the worldwide lack of it.\u00a0 Either way, as central bankers get more and more desperate, we may start seeing more of this in the near future.<\/p>\n","protected":false},"excerpt":{"rendered":"

Short week as Americans prepared to celebrate the Fourth of July.\u00a0 I caught some nice sun and relaxed; hope you were all able to do the same.\u00a0 We had some light volume until the non-farm payrolls number on Thursday, trading lower over the course of the rest of the day and closing near the lows.\u00a0 Overall, not exactly how the … Read More<\/a><\/p>\n","protected":false},"author":167,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1333","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","no-post-thumbnail"],"yoast_head":"\nThe Week That Was: June 28 - July 5, 2009 | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/the-week-that-was-june-28-july-5-2009\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Week That Was: June 28 - July 5, 2009 | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Short week as Americans prepared to celebrate the Fourth of July.\u00a0 I caught some nice sun and relaxed; hope you were all able to do the same.\u00a0 We had some light volume until the non-farm payrolls number on Thursday, trading lower over the course of the rest of the day and closing near the lows.\u00a0 Overall, not exactly how the ... 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