The Stock Market: The New Normal ? Oct 27th 2008 8:46PM “Past Performance is No Indication of Future Results”. Its a statement attached to every financial salespitch ever offered. So why is it no one believes it ? Turn on CNBC, Fox Business, Bloomberg, and every …
Bad news seems to be overwhelming the technicals. Many were thinking we had found a bottom. I believed we had found at least a short term bottom. We may now have to wait until next week. Barclays is looking to raise $12 billion. This is …
This is not a good investor’s market. It is a great trader’s market. If you are prepared to buy short term and have a sale discipline it is time to buy. Just when I thought regulators and governments were out of arrows, overnight developments should …
About a 500 point swing in the last half hour–down for a final -74. Oil up big. Gold up pretty big. Probably doesn’t make for a great opening tomorrow The Fed cut was a yawner and yesterday’s profits too juicy to ignore so profits were …
From my son: http://elections.gmu.edu/early_vote_2008.html
Trying to figure out yesterday. Among the causes; upcoming end of fiscal year for corporate/public pension plans and their re-balancing to equities, short covering, speculator buying, short covering, early day foreign buying and short covering. And, the Yen finally falling which reduced the carry trade …
Worked furiously to get into the game Traded SSO twice and should have kept them Bought and kept overnight EEM, Emerging Market ETF–hope to sell on opening The lows may be in but an extraordinary event could set it all back Still too early for …
Russell climbing. Longs cannot help themselves Went long SSO
Consumer confidence at all time low. Not surprising What IS surprising is today’s market climb Lets see if it can hold–too many neg headlines Wonder when companies trading at PEs of 2 or 3 start to get takeover bids The DOW is up but RUT …
Market in a 450 point range, -203 at close or 2.4%. Russell, much worse than DOW and continues to under perform, down 4.8%. GS easily breaking par. The Citi overture not being shown as dealing from stength The easiest direction for tomorrow is down Lets …