See-Saw
The Markets Well, I mentioned that this would be a choppy day. In the last fifteen minutes they took ’em up. In almost all cases that is a good sign for the bulls. It becomes a very good sign on days that Microsoft, Amgen, Amex …
Chop
Too, too tough to trade. The lack of direction makes it impossible for a guy with chump change, like me, to trade this market. Guys trading lots of 10,000/sh. Citi or Ford, for example, may be able to eke out a few bucks. But what …
Mixed Messages
The Markets This is getting difficult. How to read the tea leaves? On the one hand we see CH Robinson* (CHRW), which is a truck-load aggregator (they don’t own trucks), blowing the top off of earnings. Then, today, we read that UPS disappoints. Apple continues …
Appetite for Risk?
The Markets You cannot ignore it. Revenues are falling, forecasts are dim and/or vague, earnings only OK after being dumbed down already. The corporate world is not knocking the sock off the ball. But one cannot ignore a growing appetite for risk. After initially falling …
Hump Day
The Markets With almost 170 companies reporting today it is almost impossible to accurately judge the direction of stocks. Early look at futures indicate a down opening. Most, if not all, reporting companies are showing lower sales. Some are reporting better than expected earnings but …
The Markets Tim Geithner had best watch his step or he may be accused of moving markets. Seriously, the boy is beginning to say all the right things. After a sloppy opening and some tough guidance from companies before the opening we heard better news. …
Sidebar Is this where we are headed? http://bit.ly/yEu0B Wonder how the Street works? This is a longish article but I loved it, perhaps because I know, or know of, many of the players. Unfortunately, this IS how Wall St works. It is easier to read …
Turn Around Tuesday (?)
The Markets So far, Tuesday is living up to it’s billing. After struggling through numerous corporate earnings conference calls as well as Mr Geithner’s speech, traders bought the market. Now, lets see if the afternoon gives us follow-through. I have traded a little GE, PALM …
Five of the Dow thirty reported this morning and all gave grim guidance. You will remember from my Sunday post that guidance is my key to current market performance. You gotta have earnings to back-up the recent rise in shares. Otherwise, the easiest resistance is …
Fear is Back
The Markets Unfortunately, my thoughts about a severe decline (see yesterday’s post) came about. The Wall Street Journal started it all with the front page story that banks were not, as had been stated, making loans. Bank of America blew away the numbers this morning, …