The Market Pre-market futures have been dodging and ducking all morning. First up with news that Citi may reverse split it’s stock then down with news from FedEx. The latter disappointed most with its earnings and forecast. Yesterday’s extremely aggressive move by the Fed has …
Asia and Morning Peek Early trade is mixed in Asia. Tokyo’s morning session is modestly down, hurt by the Yen. It would not surprise many to see profit taking in the US markets tomorrow and the Fed euphoria subsides. The US has had a swift …
Psst, Gotta a Trillion Dollars?
The Market After saying yesterday that day-trading made me cranky I spent the day, day-trading! AIG, Citi and Bank of America were all extremely active. This allowed for easy entries and exits. Am sure I have never traded so actively as today. Quite a rush. …
The Market Markets are down as profits are taken in what some may view as an overbought market. General Mills (GIS) is down 8%, despite guiding earnings higher. Traders are focusing on the quarter which clearly disappointed. And, there is concern that branded cereals are …
Good Show!
The Market A very solid showing. Market breadth was positive with up shares swamping down. New lows are still much higher than new highs but are no longer 300-700 new lows per day. The Dow gained fifty points in the last five minutes in a …
The Market I have waited for a while for the first post because the market could not make up its mind. It may still not be able to. As the Dow switches from red to green and back again so, too, does my feelings about …
Late Night
Asia Korea and Japan are strong in early trade. Perhaps I was too quick to feel that today’s US fade was suggesting a bit of consolidation. We’ll see. Night, night.
The Market The market could not hold it’s gain and sold off starting about 2:30pm. After the close Alcoa slashed it’s dividend, announced a convertible offering and generally said things don’t look so hot. Shares are down 10% in the aftermarket. I own a bit …
Tomorrow morning, early, my friend George and I will be taking this boat up the Intracoastal. George is licensed to captain boats up to 100 tons; We pick up the Maffitt in downtown Wilmington, on the Cape Fear River. We head south on the river, …
Weekend Notes
I picked this link from Kirk’s site; it says volumes about buy and hold investing. http://kirkreport.com/tkr/zgwDnkm9 Run on a bank. My sister, Connie, gave me Niall Ferguson’s The Ascent of Money and find a morsel on every page. For example, if you want to understand …