Intel earning news killing tech. Cisco, Microsoft, IBM, etc, etc, all down after market’s close. Tomorrow’s opening likely to be worse. There could be some distressed buyers mid-morning. Nothing, nothing is working. Gold, silver, oil, equities….all getting killed. Is this the tipping point? Will everyone, …
Now even the lawyers are being fired. White & Case lets 70 go. And now for some encouraging words. There are about 900 rural electric cooperative electric companies. Their customers have been without broadband. Now, IBM has worked out a deal to use the power …
The President of Legg, Mason (LM) was on CNBC this evening and he gave the appearance of being in shock. His stock is trading at $18.65, up 7% today but down from $80. LM’s Bill Miller was the hottest manager of the last decade and …
Buying stocks mid-way through a recession has been a good strategy. If you can tell me when the recession started I can probably guess about its mid-way point since most recessions last about thirteen months. This one, however, has all the earmarks of a long, …
Bear market rallies can last two days or two months. Last week’s rally lasted six days and provided false hope to millions of investors. This remains a trader’s market and only the nimble or the perma-Bears will make money in it. Heard any good news …
China’s consumer bailout is having positive effects on world markets this morning. As usual, we have a trading opportunity, but be quick. SSO is the choice for an up market move. Everywhere we look people are loosing jobs, earnings estimates are too high, retail shops …
Despite Friday’s bounce the S&P declined almost 4% for the week. This remains a trader’s market, not for buy-and-holders. I started buying groceries at Wal-Mart over a year ago. Its a great place for can goods and non-perishables. My wife refuses to go with me …
Upon a recent trip to Las Vegas I was amazed at the crowds. Thinking we were in a recession and hearing about the reduction in consumer spending I had imagined I’d have the town to myself. Walking through Caesar’s Forum, the very upscale shopping mall, …
Falling dollar and inflationary Treasury printing press pushes me into commodites. Using the ETF DBA which is long corn, wheat, soybeans and sugar, each 25% of position. Also long other commodity equities Bunge (BG), SLV (silver ETF), CHK (Cheasapeke Oil).
Read somewhere that there was $50 trillion in MMFs. With hedge funds performance YTD so poor they will scramble to catch up. Indeed, many are fighting for their existence. And, they were poorly positioned for last week’s rally. If we get a continuation of the …