Not much happening. As suggested yesterday there doesn’t seem to be a catalyst to move shares. With a growing recognition that the Fed is out of bullets the markets are on their own for a while. And with expriation tomorrow traders will be cautious adding …
Initial claims still a crusher but we are becoming inured to numbers above half a million. Unemployment clearly headed to double digits. Wilbur Ross, my pal (well, not really a pal, but acquaintance) from our days at Rothschild Inc. suggested this morning on CNBC that …
Wednesday, 9:30pm More on Maduff. It turns out I had most of it correct. But I missed the front running part. When we handed off an order to Maduff he would own it. In other words it was off our books and on his. So, …
Little Direction….Wednesday, 4:30pm Waited until 2:30 and almost got excited as the DOW retraced and was green for about a minute. But I held off doing anything more. Dollar was crushed, worst day against the Euro in history. Dollar ETF: UUP for up and UDN …
Wait until 2:30 Market is coming around, as expected, as bulls cannot help themselves. If it holds after 2:30 I will add to positions. The TAN idea is working but is up over 15% in two days. Still, Obama seems to love solar and wind …
Wednesday, December 16th, 9am Yesterday’s euphoria is being met with reality this morning. Business stinks and earnings will suffer. The market can be a mine field. Witness Satyam Computer (SAY). After a management flip-flop on several deals the shares fell 54%. Bonds are soaring in …
We have turned into France. If business cannot fix itself the government will fix it. The Fed promised to buy everything with a quote. No, wait, that can’t be right. Yeah, the Fed promised to buy everything even if there is no quote. No symbol. …
As expected, we are looking at a positive opening. Better than expected CPI adds fuel. Futures looking to a strong opening, gold flat, oil up a buck, dollar weaker. Waiting for Fed rate cut this afternoon. What does it say about the consumers that Macy’s …
From the shores of the Chesapeake, across the Bay from Annapolis. Temps up to 68 degrees as we drove over the George Washington bridge. Pretty good day. Gold positions saved the day. Oil all over the place. Sure feels like a Santa Clause rally to …
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 …