Asia up modestly. Early Tuesday trade: Australia and Japan now off 3%+ and Korea off 2.5% and counting. Even Korea, about which I worried yesterday, in the face of purported “weaponized” plutonium by North Korea, up over 1%. As suggested last week, Spain looses its …
Last week I was concerned that the Obama (why do I always want spell it O’Bama?) glow was peaking. And I worried that this may have an impact on markets. There was some evidence for my concern: Majority Leader Reid’s comment , “I don’t work …
Found this on thekirkreport.com: http://kirkreport.com/tkr/Fp6yBa This will take some study but first glance is not encouraging.
A “normal” options expiration day with the Dow as high as 8340, low of 8109 and closing at 8280, up 68. Advancing issues led decliners 2:1 on moderate volume, so the internals were petty good. Banks continue to get crushed. BAC down yet another improbable …
It is options expiration day, no trading for me. The volatility is too difficult to judge. Don’t-let the-door-hit-you-on-your-way-out: saying goodbye to Bush is a catharsis. Knowing he and Cheney are within days of departing the Capitol almost makes me giddy. Bush continues to be lauded …
Well, we got it. Not much of a bounce but I’ll take it. The market didn’t close on its high but what can one expect? Covered my inverse ETFs (SDS. SKF) in the nick of time but missed the best tick. Took a dose of …
Am still interested in Palm (PALM) because of its new Pre smart phone. Not available for a couple of months it looks like a winner. The question then will be if anyone can afford it. Doubt that many will be giving up their cell phones …
Last night I played cards at my Wednesday night poker match. There are seven of us and we always seem to have a good time. Sadly, I am usually a modest looser and last night was no different. Lost $8. A couple of my friends …
Well, the Dow was green for about fifteen seconds this morning. But not all of the thirty stocks had opened. Nevertheless I guess that was our bounce. I read that yesterday’s action violated all sorts of technical levels; I don’t pretend to understand all of …
From tomorrow’s WSJ comes a story hard to believe, It must be a mistake. B of A needed government funds to close the Merrill deal. Here is Barry’s take on it, and he is angry. Time to Fire Ken Lewis of Bank of America Asia …