In a what’s new moment, futures point to a much lower opening. My idea of a rally are, so far, misguided. Proves, once again and again, that to project one’s estimates of market behavior more than a day or two is fruitless. Oil is flat …
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 …
Markets opened strong. By 9:44am the Dow was up about 130. By 9:45 it started it’s descent, down over 100 Dow points. But at 3:30 the market got a bid and much of the decline was wiped out. Ten minutes to the close it went …
Yaz has a different way of talking but he has been so right on the markets for over a year. What’s Moving Markets? 2 hrs ago I am attaching Harry’s entire post from today. All of it is good. Harry\’s post Mish had this on …
The dark clouds of yesterday’s market collapse are being replaced by a beautiful Spring morning. After a severe cold snap we are headed to the mid-60’s with bright sun. For the 650,000 newly jobless in February this morning may not hold the same allure. It …
Everyone is hurting. Pessimism has replaced opportunism. Free market democracy is being laughed at by leaders such as Chavez of Venezuela and Evo Morales of Bolivia. They are gleeful this evening. And, so far, nothing we have done proves them wrong. We are in serious …
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 …
A sucker rally? Sure looks like it. Citi trading below $1, GM defends itself against its own auditor and its stock down 18%, Wells, Fargo about to have it’s bonds downgraded and perhaps cut the dividend, Google downgraded due to lower ad revenues, no word …
Foreign bourses are crushed as China backs away from yesterday’s euphoria of unending stimulus. And the report by GM’s auditor that it doubts the company can survive is not helping. But there are seven more days left to China’s economic summit so we are likely …
Notice how much better you feel this evening? Rallies do that. We were up about 4% at one time today but, as expected, the day trippers took profits. Most of the excitement was caused by rumbling from China that they will do whatever it takes …