Auto Loyalty
Yesterday, I took our Saturn Aura in for service. I thought it was idling poorly. While waiting I spoke with Ben, the salesman who sold the car to us. He is a young guy, very earnest and pleasant. As we stood outside in the warm …
3-G
The abbreviation 3-G has been used to describe the Third Generation of cell phone technology. This was the leap from simple telephone calls to text, internet retrieval, instant messaging, etc. I am borrowing the term to connote the leaders in this stock market. Without the …
Just another 2.5% decline
Well, the bulls tried but failed. The last fifteen minutes were responsible for about half of today’s decline of 223 Dow points. Longs simply do not trust the overnight trade. And day traders are making a living trading the last half hour. They simply trade …
Take ’em up?
They want to take them up, no doubt. There cannot be any news that would justify the move. But everyone is weary of down, down, down. Lets see if it holds here. SSO is the preferred vehicle for upside move. From Mish a reality check …
Nibbling?
Is it just me or is there really some nibbling in the stock market? The Russell Index, which was down 7% on Friday refuses to budge and is actually green as I type. That may not last but there does seem to be a lack …
G20
The lack of positive news from the G-20 meeting in DC disappoints almost everyone. In Asian trading the Dollar and Yen move up as Japan it the latest country to slip into recession. Not a promising sign. Tomorrow news includes the Goldman senior execs giving …
So, wanna catch this falling safe?
American Express, -21% J. C. Penny, -23% GE, -15% Boeing, -15% BancAmerica, -20% Hewlett Packard, -12% Talbots, -47% Austria, -18% Russia, -14% Intel, -9% The above share price declines are not for a year……. but for last week. This wealth destruction cannot be over stated …
Anyone’s Guess
This week seemed to have lasted two. The volatility was exhausting. Unless we get nationwide guarantee of mortgages I cannot think of another Bandaid the feds could implement. Should we not get a market bounce by Wednesday the market heads even lower.
Better than Speed-Do NOT try this at Home
Direxion unveiled their 3X ETFs last week. These things move at three times the price of underlying stocks. Gotta tell ya its a rush. BGU is 3X Bull large cap. BGZ is 3X Bear large cap. TNS is 3X Bull small cap. TZA is 3X …
One Day Wonder?
Hope for a follow-through day is fading in the face of more and more layoffs, reduced earnings expectations, slower sales, disappearance of the consumer. If we really had a successful test of the lows yesterday then we must have a follow through day within the …