It will require a leap of faith for buy and holders to positions equities. Negative news keeps piling on with little relief. Bear markets are like this. Grind, grind, grind. Despite interest rate cuts around the globe the jobs number has numbed investors with futures …
Impressive. I had bet the market would not hold. It may be argued that the volume was not high enough but advancers were two-to-one over decliners. Impressive. The levitation of bonds continues to amaze. TLT up again and hit a intra-day 52-week high. A couple …
Sobering thought on bonds from The Shark: “And for what its worth- the 10 year yields 2.7% – so a move up to 4% on the yield puts those bonds at about $675 – so there is risk in 10 year notes – FWIW.” THE …
A surprising uptick after a difficult start. Hard to believe the bulls would shrug off the jobs report. The 3-Gs; Goldman, GE and Google all up. DOW was down 170 and now up 100. I am betting this won’t hold. Went downstairs for a bite …
Jobs The ADP jobs report was dismal. Productivity showed a bit of stength. Research in Motion gave poor guidance, compounding the jobs report. With layoffs all over Wall Street the lack of growth of RIMM’s Blackberry should not be a surprise. The futures are weak …
Trade ‘Em Down almost 700 on Monday, up 270 on Tuesday. As I have long said, this is not an investor’s market but a great trading market. Am thinking more about TIPs. Inflation will creep in towards the end of 1st quarter ’09. The ETF, …
Gloom and Doom Leave it to Marc Faber to bring everything into perstpective. Faber has a whole-world perspective that is difficult to find. It is because of Faber’s influence that I have been buying GDX, the gold miners ETF.
Good Morning. After a five day break I am ready to get back. We travelled to Nashville and to Chicago by car for visits with our sons Tobey and Matt and family. Good visits all but came back with a good head cold. The markets …