Here is what I am reading: European Bank Regulator Imperiled by German Zombie Banks (Bloomberg) Inverse ‘Summer Crash’ takes shape (MarketWatch) 5 Stocks Worthy of Benjamin Graham (Minyanville) What You Need In Order To Retire Before Age 60 (Minyanville) Welcome to the ECB (VOX EU) The Best of Earnings Is Over, and It Wasn’t That…
Weekly Pivots For the Week Of July 30, 2012 $INDU $SPX N$COMPQ $TRAN $FTSE $DAX Previous 12,823 1,363 2,925 5,072 5,666 6,630 Open 12,820 1,362 2,878 5,067 5,652 6,562 High 13,118 1,389 2,962 5,159 5,652 6,690 Low 12,522 1,329 2,840 4,912 5,478 6,325 Close 13,076 1,386 2,958 5,127 5,627 6,689 Change % 2.0% 1.7% 1.1% 1.1%…
Friday’s Action: The impact of ECB President Mario Draghi’s ‘It will be enough’ speech continued on Friday. Friday’s action also got a boost from the second quarter real GDP reading of 1.5%, which though lousy turned out to be enough to lift investors anemic expectations. The earnings announcement after Thursday’s close and Friday’s open were…