The Markets The last time Geithner spoke the Dow went down 380 points. Today’s 448 497 (!) point explosion more than made up for any past errors. Markets responded to both the explicit Treasury plan for toxic bank assets as well as better housing numbers. …
The Markets Lunch time lives up to it’s billing as traders take morning profits. Markets off their best levels as the S&P slips under 800. For certainty to prevail we should finish above that level and stay there for a while……two days? Watch for the …
The Markets Markets are soaring. The broad averages are up 4%. S&P at 796 and seems to have a problem with 800. Should it continue to lift the next immediate resistance level is 803, some say 805. But that seems like splitting hairs. Now, we …
Sidebar My award for best financial book title: “How I Turned A Million Dollars Into $25,000 In The Market In My Spare Time”. This site is health care site is taking share from WebMD: RightHealth: Quality Health Information Organized for You A new browser that …
Sidebar The Texas Board of Education is preparing to vote on teaching creationism in schools. The board chairman has said he believes that humans have been on earth for only 10,000 years. The vote would evidently urge teachers to sway students into this belief. If …
The Markets The world’s markets are awash in optimism this morning. Asia finished up 2%-3%. Europe bourses are up equal amounts, more towards 3%. Everyone seems to like Obama’s performance last night on 60 Minutes as well as Geithner’s new plan. There is little question …
The Markets Asia up pretty big. Tokyo flirting with 2% gains as it anticipates US Treasury toxic position purchases. Lets see if it lasts. Would love, love for a follow through day. Here is the ultimate multi-colored rocker. Greg Allman’s slurred, sexy words are punctuated …
Sidebar In the late ’60’s the subways of London became the target of Eric Clapton fans. As Clapton emerged as one of the great blues guitarists his fans would spray paint “Clapton is God” all over. This embarrassed Clapton and motivated him to begin recording …
Markets Natural gas prices have declined 70% since last summer. Low prices have curtailed new production. Any uptick, at all, in usage could boost nat gas prices. Last week nat gas prices were up 1.3%. I have owned Chesapeake for a while and added to …
The Market On quadruple witching Fridays I like to watch the Spyders (SPY) trade ( I really do not have a life). This the most active index fund and at 3:55 the volume indicator spins like a slot machine. In the last five minutes it …