A Ho-hum day with pretty good volume. If GE hadn’t advanced almost 14% the Dow would have been down more. Everyone waiting for particulars of bank bail out. Tonight’s must see TV with the President’s press conference had best be convincing or the overnight trade …
This almost makes me physically ill: Merrill Pays Itself Huge Bonus For Snookering Ken Lewis
It is options expiration day, no trading for me. The volatility is too difficult to judge. Don’t-let the-door-hit-you-on-your-way-out: saying goodbye to Bush is a catharsis. Knowing he and Cheney are within days of departing the Capitol almost makes me giddy. Bush continues to be lauded …
Well, we got it. Not much of a bounce but I’ll take it. The market didn’t close on its high but what can one expect? Covered my inverse ETFs (SDS. SKF) in the nick of time but missed the best tick. Took a dose of …
The first hour has been brutal. Mining stocks vie with banks as biggest loosers. Citi off another 14%. Spanish stocks being crushed as the threat of the loss of AAA debt rating. Under Armor and Bunge down about 15%. UBS off 8%+ as one their …
As earnings season opens it is helpful to check to see if companies you own or have an interest in will be reporting. I was reminded of this site US Earnings: Company Earnings Calendar by The Kirk Report this morning. State tax receipts are being …
Asia is down 2%+. Tomorrow is the fifth trading day of the year. Lots of folks look at the first days of January as predictive of the year’s performance. Should we close down it would not be constructive. A lower close tomorrow would be a …
This is an excerpt from a larger essay on two towns, South Royalton, Vermont and Mt Olive, North Carolina. The following recaps an extraordinary New Year’s Eve spent in Mt Olive two years ago. Mt. Olive, North Carolina December 31, 2006 Barbara Jean and Mr. …
Interesting divergence in the Euro/Yen pairs trade. Should it continue with an unexpectedly stronger Euro we could see more implementation of the Yen carry trade. This could lead to more cash being thrown into US equities. Lets watch this, a potential bullish scenario for US …
Put a fork in me, I’m done for the week. Another travel day tomorrow and then busy with family. You should be too, busy with family I mean. Hope you are enjoying these posts and that we can meet again next week.