It is becoming more and more difficult to ignore the obvious. In mid-March there were glimmers of hope for the world’s economies. That was translated into higher share prices and consumer confidence. Things just started feeling better. And, while better reported numbers may have been …
I was early and wrong about junk bonds last fall. I got caught-up in the November rally. Since the March 9th lows junk bonds have done well and I have missed that market. Tired of being 0 for 2, I am looking at it again. …
The Markets Goldman news continues to proliferate. One blogger wondered why, if GS didn’t want the TARP money why is it borrowing (through the stock offering) to pay it back. Bernanke painting the tape with relatively good news. Pointing futures greener. Speech by Chairman Bernanke …
The Markets Goldman Sachs and other financials pretty much dominating the day. The after-market news on GS is very complicated but the salient info is a dividend cut, a $5 billion equity offering to pay TARP loan, much higher operating expenses, sharply lower equities revenues, …
The Markets Markets are reacting to a general feeling it is over bought. A 5% to 10% decline is forecast by many with a higher decline for small caps. With more significant earnings announcements coming this week there will be plenty of opportunities to take …
The Markets That sound you heard is the train leaving the station Three days in a row the bulls bought all day and into the close. A stunning development. Huge wealth has been regained since March 6th when the S&P hit 666. Certainly most folks …
The Markets Market is ripping. As suggested last night there are those who feel we may have entered another age. The forbidden words bull market are now being bandied about. It is possible but there will have to be some good news almost every day …
The Markets In the face of wildly divergent news the futures are pointing to a continuation of yesterday’s last hour. Pre-market volume is highest in my memory. Wells-Fargo started things off with much, much better than expected earnings and a rosy forecast. Shares are up …
The Markets Tough to trade a four day week and the first day of quarterly corporate earnings. Alcoa is traditionally the first to do so (have never known why); it has been that way for decades. Recently, it is understandable since they have less money …
The Markets The struggle between bulls and bears is reaching a crescendo. The bears feel it is time for a rest while the bulls feel we reached bottom on March 6th at S&P 666. Now at 835 there is a growing general agreement that we …