Well, the bulls tried but failed. The last fifteen minutes were responsible for about half of today’s decline of 223 Dow points. Longs simply do not trust the overnight trade. And day traders are making a living trading the last half hour. They simply trade …
They want to take them up, no doubt. There cannot be any news that would justify the move. But everyone is weary of down, down, down. Lets see if it holds here. SSO is the preferred vehicle for upside move. From Mish a reality check …
Is it just me or is there really some nibbling in the stock market? The Russell Index, which was down 7% on Friday refuses to budge and is actually green as I type. That may not last but there does seem to be a lack …
The lack of positive news from the G-20 meeting in DC disappoints almost everyone. In Asian trading the Dollar and Yen move up as Japan it the latest country to slip into recession. Not a promising sign. Tomorrow news includes the Goldman senior execs giving …
American Express, -21% J. C. Penny, -23% GE, -15% Boeing, -15% BancAmerica, -20% Hewlett Packard, -12% Talbots, -47% Austria, -18% Russia, -14% Intel, -9% The above share price declines are not for a year……. but for last week. This wealth destruction cannot be over stated …
This week seemed to have lasted two. The volatility was exhausting. Unless we get nationwide guarantee of mortgages I cannot think of another Bandaid the feds could implement. Should we not get a market bounce by Wednesday the market heads even lower.
Direxion unveiled their 3X ETFs last week. These things move at three times the price of underlying stocks. Gotta tell ya its a rush. BGU is 3X Bull large cap. BGZ is 3X Bear large cap. TNS is 3X Bull small cap. TZA is 3X …
Hope for a follow-through day is fading in the face of more and more layoffs, reduced earnings expectations, slower sales, disappearance of the consumer. If we really had a successful test of the lows yesterday then we must have a follow through day within the …
Volatility returns with a vengeance as market has massive turn-around rally. The DOW has an astonishing 911 daily point swing and finishes at 8,835. S&P even more dramatic with a 10% intra-day rally and some will say the lows were tested. If so, we could …
Michael Lewis has done it again. From Portfolio Magazine, his great piece on the Street. Before you do anything else please open this Click here. print it and read it.