Cannot help but be a bit bullish. After last week’s decline there are just too many names trading below $10 and below $5(!) that predict a sever depression. Yes, things are terrible, the weekend news and commentators were a recipe for a massive dose of …
From Barry at Bigpicture.com: Here’s a short list of only the highest quality, bluest of blue chip, penny stocks: AIG (39 cents) Citigroup (98 cents) E*Trade (66 cents) Fannie Mae (39 cents) Freddie (39 cents) Unisys (37 cents) Given the trading volumes, you might think …
Sick and tired bulls are taking no prisoners as they bid ’em up. The day began strong and is getting stronger. I put some money to work (GE, AA, XOM, PRGO) and would like desperately to hold on to positions. But if they get stopped …
Internals moving overwhelmingly to positive. The 2:30pm area is critical. If they bid ’em up in the next half hour they could finish on day’s highs. Would bet that short covering accounting for much of the gain, so far.
Equity futures were up over 120 points earlier and are now up abut 50. Gold, as expected, is giving back some and is due for a rest. Oil is up a bit. As suggested on Friday there was news of a government equity stake in …
A brief note. Tomorrow is options expiration which is subject to disruptions and unidentifiable trends. Today’s trade was really troublesome. Internals were very weak. Gold positions slaughtered me today and I will watch the overnight. Some are hoping for a continued decline for a final …
Got to sneak away before the close. Market breadth is decidedly negative. Shares sold dwarf the number of shares bought, advance/declines tilt heavily towards decliners and new highs number only 2 vs 312 new lows. Gold marched right through $980 like budah. Oh man, is …
Range bound, unless some news hits.S&P at 790; keep an eye on 740. Should we close below then all hell breaks loose. Gold has modestly recovered and is now up on the day. Miners, however, are subject to profit taking. Someday I’m going to get …
In the last few minutes the market came down big time on large volume. Not a good sign. Overseas markets will be terrible and that will reflect upon our opening tomorrow. Overall volume was not high enough to signal capitulation. So, we probably have further …
Here is a photo of the crowning, er, the inauguration sent to me by my barber, Ralph. Double click to zoom-in. An amazing photo. Especially check-out Cheney and tell me he isn’t the Evil One. http://gigapan.org/viewGigapanFullscreen.php?auth=033ef14483ee899496648c2b4b06233c