An informal survey of investment/trading blogs finds a distinct bullish sentiment. Friday’s rebound, especially the strong finish, is taken as a precursor of an upcoming bullish week. The thinking is that now that the job numbers are behind us as well an upcoming week with …
Traders are thinking the worst of the short-term news is behind them. The horrific lack-of-jobs number this morning sets the stage for the hoped-for announcements next week of rate cuts, the auto bailout, and further Federal cash distributions. Anticipation of announcements is high. So, they …
This morning’s jobs number was about what I expected for next month. As I had written earlier this morning the December number was going to be a shock. Now, the November number has supplied this numbing. This kind of unemployment suggests that this quarter’s GDP …
Being stopped out of Alcoa yesterday, at break even, was a reminder, yet again, that buy and hold is a failed strategy. AA’s 7% dividend was an illusion, never to be realized. Not if you have moving stops 7% under the last sale. But why …
It will require a leap of faith for buy and holders to positions equities. Negative news keeps piling on with little relief. Bear markets are like this. Grind, grind, grind. Despite interest rate cuts around the globe the jobs number has numbed investors with futures …
Impressive. I had bet the market would not hold. It may be argued that the volume was not high enough but advancers were two-to-one over decliners. Impressive. The levitation of bonds continues to amaze. TLT up again and hit a intra-day 52-week high. A couple …
Sobering thought on bonds from The Shark: “And for what its worth- the 10 year yields 2.7% – so a move up to 4% on the yield puts those bonds at about $675 – so there is risk in 10 year notes – FWIW.” THE …
A surprising uptick after a difficult start. Hard to believe the bulls would shrug off the jobs report. The 3-Gs; Goldman, GE and Google all up. DOW was down 170 and now up 100. I am betting this won’t hold. Went downstairs for a bite …
Jobs The ADP jobs report was dismal. Productivity showed a bit of stength. Research in Motion gave poor guidance, compounding the jobs report. With layoffs all over Wall Street the lack of growth of RIMM’s Blackberry should not be a surprise. The futures are weak …
Trade ‘Em Down almost 700 on Monday, up 270 on Tuesday. As I have long said, this is not an investor’s market but a great trading market. Am thinking more about TIPs. Inflation will creep in towards the end of 1st quarter ’09. The ETF, …