The Markets The market is down about 11% for the year but up huge from it’s lows. As witnessed yesterday traders are skittish and are quick to take profits. Today’s strong opening can be quickly sold so it may behoove one to tighten stops here. …
The Markets Averages were all over the place as jockeying between bulls and bears begins in earnest. Up 170 Dow points early, down 110 or so, closed up 90. A pretty constructive day. Resolution of this tug-of-war is more likely to be resolved in bears …
Sidebar If you have thumbed your nose at Twitter you may want to re-think that. Yeah, it is yet another social network. And, yeah, is sometimes seems sophomoric. But I find that contributors write generally frank and sometimes, revealing notes. Perhaps it is because of …
The Markets Market up pretty big, about 2%. Goldman, Sachs and Google are both red, however. The other Gee, GE, is green but we really need all 3-G’s to be green for a full assault to be made. S&P at 821 with 825 being the …
The Markets Based upon an improbable, and difficult to understand, jump in durable goods orders the futures have jumped up. Helping orders were gains in computers/electronics, electrical equipment, machinery and fabricated metals. Bulls are taking this to mean the economic stimulus is working. How that …
The Markets The 2:30 market tell won again. From that time to the close the S&P lost 15 points, to 806. The DOW lost 100 points. That is decidedly not a good showing. When traders try to flatten positions in the last ninety minutes it …
Sidebar It was more than twenty-five years ago when I first met Doug Kass. He had recently left Putnam Investments in Boston where he managed a fund. Doug moved to NYC and began trading his own account. I was with Rothschild Inc. at the time …
Sidebar Yesterday, I received a letter from AT&T. It extolled a new package price for DSL. unlimited long distance, local, and all the telephone features. We currently pay them about $105 a month. I called the number given in the letter and a warm lady …
The Markets Equity futures are off a bit after yesterday’s historic blow-out. Oil is giving up some gains, as well. Gold, which demonstrates seemingly quixotic pricing, is down hard. Should we open lower I would like to see the S&P hold 813. The close at …
As you might expect, Asia is up uniformly. Not quite the exhuberance of US markets, but up nevertheless. As noted earlier, emerging markets are trouncing US markets over the last week. To participate I initiated a position in EEM, the emerging markets ETF. But with …