Copper is screaming as it, once again, forecasts improved economies. Copper is a relatively small markert, compared to equities and/or bonds, so as everyone crowds-in the price fluctuations can be severe. Best equity vehicles remain Freeport-McMoran, (FCX) (I own the convert preferred (FCXprM) as well …
Futures just before the opening are falling back a little as overnight profits are booked. I’d like to hold off bold purchases until the morning froth subsides.
The Markets Overnight markets soared on the prospect of recovery. The month is up about 9 1/2%, the best monthly performance since 2000. Technicians are slobbering over themselves as they target a further rise to S&P 1000 (closed at 873) and beyond. Conflicting earnings reports …
Asia up huge. Tokyo currently up 4% while Taiwan is up an astounding 6.7%. If this keeps up we will have a legitimate bull market. OMG, did I say that?
The Markets Traders ignored the lower than expected 1Q GDP number of -6.1% and bid ’em up. Although the Fed, in their press release, did not alter already rock-bottom rates they did suggest that things seem to be easing. That was enough for yet another …
The Markets The futures have us down to the exact level of support: S&P 840. They gotta be bought here or we head lower. It cannot be good that both Citi and Bank of America need even more capital. BP reported better than expected quarterly …
The Markets With everything the market had thrown at it the performance was pretty, pretty good. Long positions still got spanked but no one was really crying hard. S&P 840 looks to be support; 19 points below today’s close. Tomorrow is Turn Around Tuesday so …
The Markets Lets see: Swine flu spreading around the world, earthquake in Mexico to add to their plight and a stray airplane. The latter involved the sighting of a large jet flying low down the Hudson River Valley being chased by a fighter and then …
The Markets The best six months of the stock market year are November 1st through April 30th. Switching from equities to bonds beginning May 1st has produced astounding results. Usually. Over the last 58 years (according to the Stock Market Almanac) this strategy has gained …
The Markets Telling the difference between a bear market rally and full bull market is almost impossible. Since March 9th we have experienced the best rally since 1938. Since that date the S&P has gone from 666 (yeah, I know, everyone thinks that’s kinda spooky) …