Afternoon ramp
Wait until 2:30 Market is coming around, as expected, as bulls cannot help themselves. If it holds after 2:30 I will add to positions. The TAN idea is working but is up over 15% in two days. Still, Obama seems to love solar and wind …
Month: December 2008
Wednesday, December 16th, 9am Yesterday’s euphoria is being met with reality this morning. Business stinks and earnings will suffer. The market can be a mine field. Witness Satyam Computer (SAY). After a management flip-flop on several deals the shares fell 54%. Bonds are soaring in …
Yowza!
We have turned into France. If business cannot fix itself the government will fix it. The Fed promised to buy everything with a quote. No, wait, that can’t be right. Yeah, the Fed promised to buy everything even if there is no quote. No symbol. …
As expected, we are looking at a positive opening. Better than expected CPI adds fuel. Futures looking to a strong opening, gold flat, oil up a buck, dollar weaker. Waiting for Fed rate cut this afternoon. What does it say about the consumers that Macy’s …
On the road
From the shores of the Chesapeake, across the Bay from Annapolis. Temps up to 68 degrees as we drove over the George Washington bridge. Pretty good day. Gold positions saved the day. Oil all over the place. Sure feels like a Santa Clause rally to …
Roadblock and Ponzi
Forgive the late post; we have had a hellish road trip to Connecticut and Boston, rain all the way. A remarkable market performance today. It overcame huge odds. The bullish sentiment I have been picking up has been felt. Gold is on a tear, although …
A good day here. The S&P closed a smidge under 900, up 1.2%. High momentum shares did 2X to 10X better. Every day is a test and tomorrow is no different. I’ll be on the road tomorrow so no post.
Market holding gains. Lets see if it can get through the troubling 2:30 to 4:00pm period. That will be the test. If momentum can be built into the close we could have a strong week. Some of the stocks I have been looking at and/or …
There seems to be creeping bullishness setting in. Cannot say if this is the “real” thing or if what I am picking up is short-term only. Nevertheless, there is an undertone of confidence. Corporate America is certainly not giving us much to cheer about but …
There will be few market event statistics released today, the auto bailout is about to be behind us and there seems to be few corporate news catalysts; in other words, its a slow news day. And that may be just what the market needs. But …