Forgive the late post; we have had a hellish road trip to Connecticut and Boston, rain all the way. A remarkable market performance today. It overcame huge odds. The bullish sentiment I have been picking up has been felt. Gold is on a tear, although …
A good day here. The S&P closed a smidge under 900, up 1.2%. High momentum shares did 2X to 10X better. Every day is a test and tomorrow is no different. I’ll be on the road tomorrow so no post.
Market holding gains. Lets see if it can get through the troubling 2:30 to 4:00pm period. That will be the test. If momentum can be built into the close we could have a strong week. Some of the stocks I have been looking at and/or …
There seems to be creeping bullishness setting in. Cannot say if this is the “real” thing or if what I am picking up is short-term only. Nevertheless, there is an undertone of confidence. Corporate America is certainly not giving us much to cheer about but …
Not much new: In his press conference Obama did not budge from his tax plan. He maintained his idea of increasing taxes on those earning over $250,000. The market sold of slightly. Now, the challenge for the market will be to maintain momentum, without headline …
Odds and Ends World Markets. Last week’s performance: Argentina -27%; Australia -17%; Egypt -21.5%; Germany -13%; Mexico -13%; Norway -20.4%; Sweden -17%; Turkey -17%. YTD performances range from the best, Morocco -22% to the worst, Austria -76.5%. Inverse Commodity ETN. A horse-out-of-the-barn idea. With deflation …
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 …
As Jon Stewart remarked this week, what is a guy named Art Cashin (Cash-in) doing remarking on this bear market? Art was a hero of mine while at PaineWebber. He was my first read every morning. His notes were written about 5am and included a …
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 …