Weak durable goods data temper Dow Thursday, March 29, 2012 US stocks were flat as a weaker- than-expected reading on durable goods orders offset hopes that high oil prices could fall, removing a headwind to the economic recovery. US crude oil futures fell nearly 2 percent after a French newspaper reported several governments, including the…
Tue Dec 6, 2011 2:39pm EST * Copper off over 1 pct as euro zone worries persist * “Greater downside risks” for Asian economies adds weight * Markets cautious ahead of EU summit, ECB meeting * Coming up: German Oct industrial output on Wednesday By Chris Kelly and Susan Thomas NEW YORK/LONDON, Dec 6 (Reuters)…
“Even if Greece is off the table and this referendum passes, it doesn’t resolve any of Europe’s broader issues, i.e., the rest of the PIGS countries are broke,” said Adam Sarhan, chief executive of New York-based Sarhan Capital, using an acronym for Portugal, Italy, Greece and Spain.
“That is the underlying problem which is weighing on the markets collectively, from copper to equities … Nothing that was addressed last week even scratches the surface dealing with their debt.”
By Barani Krishnan NEW YORK | Mon Aug 15, 2011 10:20pm BST (Reuters) – Shares on Wall Street rose with oil prices on Monday as acquisition news and stronger-than-expected economic data in Japan led markets to steadily forge ahead after last week’s wild swings. News that Google Inc (GOOG.O) offered to buy Motorola Mobility Holdings Inc (MMI.N)…
“If we are going to enter another period of massive
economic slowdown, one would have to expect risk assets and the
S&P to underperform gold as well,” said Adam Sarhan, CEO of
Sarhan Capital, a consultant to institutional investors.
The anticipation of dire economic events, such as the
Standard & Poor’s downgrade on U.S. Treasury debt last Friday,
default by a euro zone country or problems in the European
banking sector, prompted investors to favor gold at the expense
of riskier assets.
“Right now, with the dollar and euro in trouble — people
are talking about the euro failing. If you have a ‘black swan’
type event with a major currency, people are going to flock
toward gold,” said Sarhan, using a term for a low-probability
economic shock that catches markets unprepared.
Adam Sarhan Reuters Quote August 2011- Copper and Stock markets- “On a short-term basis, it appears that both copper and equities are putting in what appears to be a short-term low as long as this week’s lows are not breached,” said Adam Sarhan, chief executive of Sarhan Capital, a financial services firm based in New York.