The market’s first move in response to the Fed Decision was down, but it’s second move was up – big (Intraday Chart).
As we work through a pretty slow day as investors try to get their bearings after yesterdays huge selloff, here are some things I’m looking at and thinking about: A lot of stocks are cheap. We aren’t dealing with the…
I’m saying that things will be better for all the banks….. Things are getting better. It’s not just that they’re stabilizing, it’s not just they’re no longer getting worse, things are getting better. Here’s the bottom line: I believe this…
When we see money piling into stocks or sectors strictly because they are going up, because speculative traders see the possibility of profit by jumping on a trend. This is momentum investment on steroids, when speculators see a trend and…
I can’t quite figure out why the market started tanking at 1:30pm EST today (S&P Intraday Chart). I want to cheat and say it was GM’s ugly May Sales Report in which they announced a 28% decline in sales and…
After cutting rates dramatically (125 basis points cumulative) on Jan 22 and Jan 30 and notably weighting their concern towards economic growth, the Fed slowed down a bit today with a 75 basis point cut. It is a big cut…
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