The Markets Markets are reacting to a general feeling it is over bought. A 5% to 10% decline is forecast by many with a higher decline for small caps. With more significant earnings announcements coming this week there will be plenty of opportunities to take …
Month: April 2009
A Stunning Day
The Markets That sound you heard is the train leaving the station Three days in a row the bulls bought all day and into the close. A stunning development. Huge wealth has been regained since March 6th when the S&P hit 666. Certainly most folks …
Bull Market?
The Markets Market is ripping. As suggested last night there are those who feel we may have entered another age. The forbidden words bull market are now being bandied about. It is possible but there will have to be some good news almost every day …
The Markets In the face of wildly divergent news the futures are pointing to a continuation of yesterday’s last hour. Pre-market volume is highest in my memory. Wells-Fargo started things off with much, much better than expected earnings and a rosy forecast. Shares are up …
TheMarkets If this were not a shortened work week I would pronounce a very important day. They sold them off at 2pm then rallied big time at three. That the bulls came back with such relative ferocity was impressive. Difficult to believe investors feel this …
Sidebar Buffett should buy North Korea. http://tinyurl.com/ce7nd4 Not sure why I am fascinated by Chevron’s trouble in Ecuador. When it bought Texaco it didn’t count on them being the polluters of the Amazon. Plaintiff attorneys have been fighting this case for fifteen years. If they …
The Markets Tough to trade a four day week and the first day of quarterly corporate earnings. Alcoa is traditionally the first to do so (have never known why); it has been that way for decades. Recently, it is understandable since they have less money …
The Markets The struggle between bulls and bears is reaching a crescendo. The bears feel it is time for a rest while the bulls feel we reached bottom on March 6th at S&P 666. Now at 835 there is a growing general agreement that we …
US markets had a good week, +3.3%. But the real action was overseas. Austria +9.4%, Brazil +8.2%, Czech Republic +7.3%, Hungary +12%, Irleland +7.2%, Mexico +7.3%, Poland +10.2%, Sweden +11% and Turkey +7.6%. Now that Obama has put a dagger into Bush/Cheney’s nation building once …
The story of the fabulous, nah, that is not the word; the haunting, innocent beautiful cover of the Blind Faith album. Oh, it is my brother’s friggin 70th birthday. Holy crap. “Blind Faith Website”