A good day. Not sure if this qualifies as a follow-thru day but close. On the 21st we had a big move up in the averages and traders like to see a follow thru, on big volume, within the following fourth trading day. Today didn’t …
As companies try to conserve capital or comply with government loan restrictions dividends have been slashed. Thousand of companies worry that earnings will be unable to cover the payouts. Tens of billions of corporate dividends have been lost, primarily to those who need them most, …
On a day when 68,000 reported jobs were lost the market behaved surprisingly well. S&P 850 remains a stubborn upside barrier. About 10:30a we crossed to 852 but declined to 827 about 2:30p before closing at 837, up .56%. Advancing issues led decliners but there …
Good, good movie. But I don’t think it is, as one of my neighbors suggested, “a life changing experience”. But it is very entertaining with memorable characters and it is one I’d see again. I have the feeling Gran Torino will have a long shelf …
Wondering how long Ken Lewis has before Hugh McCall is recalled at BAC: Thain Strikes Back: Bank Of America Knew Everything (BAC) Comments on the declines in Education stocks: “Shares of private higher education companies are slumping, after Morgan Stanley suggested that the Senate may …
A good morning tape as traders ignore thousands and thousands of layoffs. The herd mentality, of which I am a great subscriber, dictates that we get in when others do and get out when others do. To lead the charge, rather than follow, provides the …
…..of despair arose today’s market. As noted earlier today there was no good news, none. Yet traders seemed willing to accept a higher level of risk than recently. I noticed the same yesterday as the close was pretty strong. A Friday close with strength is …
I like Ron Howard’s movies. Deemed a semi-light weight by hard-core Hollywood types I really enjoy his direction. In close ups, in Frost/Nixon, he must use lenses designed to photograph flowers. Close, close, close. His use of time, wasted some might say, is immensely powerful. …
As noted last week it is easier to state the negative case for almost anything than it is to state the positive case. So, we have a lot to easily talk about. To whit: Our Treasury plans on selling $135 billion in short term notes …
Wild gyrations today as the DOW had an almost 250 point swing–several times. The undertone wasn’t great as decliners beat advancers handily. But in cannot be denied the market had a bid under, especially in the last half hour. Importantly, the market didn’t give back …