Take a look at this chart from itrade4real.com: http://tinyurl.com/5p3hyo Study the chart for a moment. The red line is our current market. To me it means that this decline is much faster but just as deep as our worst. And it could also mean we …
US Treasuries are used and owned all over the world. Japan owns over $500 billion, for example. Other soverign banks own trillions of them. Treasuries are also utililized as collateral, often overnight. Owners will loan out their paid-for Treasuries to someone in another time zone, …
Jim is a friend from high school, fifty years ago. We met again, after not seeing each other for decades, at a September reunion. Our relationship was unchanged, after all that time. We easily slipped into the banter we had honed years ago. It turns …
A brutal, brutal day for the bulls. The bears cleaned up as they shorted any sign of a rally. Market bredth was the worst I can remember: 27 million shares traded up, 1.6 billion traded down. Almost 3,000 stocks were down, 187 up. Brutal. That …
TLT is an ETF which duplicates the 20-year Treasury bond. It is up an unprecedented 2.2% today to $99. We have seldom seen such moves and it becomes unsettling as investors continue to flee to safety. Oh, S&P 840 was supposed to be a floor …
No where to hide except bonds. Treasuries soar, and even TIPs, in the face of benign inflation, are up modestly. Quick, guess the price of Saks. $3. Quick, guess the price of Citi. $7.65. Bank America? $13.82. And even after a 50% dividend cut is …
Looking for bargains? Below is an alphabetical list of stocks, picked at random from today’s New Low List, showing yesterday’s close and their 52-week high. These are not recommendations, simply a snapshot of what has happened to equity valuations. Not that you need reminding but …
We got the anticipated bounce, such as it was. Dow 30 up 151 or 1.8%,; S&P up almost 1%. But the Russell or mid-caps index lagged with a loss of not quite 1%. All 3-G’s were down (see earlier post). Citi, onhuge volume dipped below …
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 …
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 …