All posts in Stock Market Comments

US markets had a good week, +3.3%. But the real action was overseas.  Austria +9.4%, Brazil +8.2%, Czech Republic +7.3%, Hungary +12%, Irleland +7.2%, Mexico +7.3%, Poland +10.2%, Sweden +11% and Turkey +7.6%. Now that Obama has put a dagger into Bush/Cheney’s nation building once …

The Markets How does one describe a 3.5% daily decline as a relief.  ‘Cause they were headed lower.  And the market finished off it’s lows.  At 3pm the DOW was ninety points lower.  So, someone was buying in the last hour.  That is a relief. …

The Markets Yeah, someone is buying at these levels.  But a whole lot of money must be thrown at the market at these levels for the bulls to win the round. Why the banks were profitable in January/February.  And why we were sucked in. What …

The Markets The bulls didn’t have the muscle as traders took profits.  And, well they should.  Markets closed down about 2%, oil off 4%, bonds up. Now we hope for no follow-through day on Monday.  But profit taking never made a man poor and as …

The Market Everything is down hard; oil, gold, equities and even bonds are off a bit. It seems the correction I had forecast five days ago, and about 647 Dow points, may be at hand.  But portfolio managers may also use the next three trading …

The Markets An amazing rally.  From here I have no idea.  Advising caution last night was so clearly wrong I hesitate to venture a guess. Over bought is an oft-used phrase but that is what we have.  Nevertheless, I added a lot of money to …

The Markets The market is down about 11% for the year but up huge from it’s lows.  As witnessed yesterday traders are skittish and are quick to take profits.  Today’s strong opening can be quickly sold so it may behoove one to tighten stops here. …

The Markets Averages were all over the place as jockeying between bulls and bears begins in earnest.  Up 170 Dow points early, down 110 or so, closed up 90.  A pretty constructive day. Resolution of this tug-of-war is more likely to be resolved in bears …

The Markets Market up pretty big, about 2%.  Goldman, Sachs and Google are both red, however.  The other Gee, GE, is green but we really need all 3-G’s to be green for a full assault to be made.  S&P at 821 with 825 being the …

The Markets Based upon an improbable, and difficult to understand, jump in durable goods orders the futures have jumped up.  Helping orders were gains in computers/electronics, electrical equipment, machinery and fabricated metals.  Bulls are taking this to mean the economic stimulus is working.  How that …