Market Shows A Pulse
At about 2:15pm EST, the bulls made a stand and pushed the S&P up 29 points (2.10%) in the last hour and 45 minutes. Volume on the popular stocks and ETFs that I looked at all picked up as the…
At about 2:15pm EST, the bulls made a stand and pushed the S&P up 29 points (2.10%) in the last hour and 45 minutes. Volume on the popular stocks and ETFs that I looked at all picked up as the…
“The latest data suggest recession has now arrived, or will very shortly.” – Jan Hatzius, Chief Economist, Goldman Sachs I made fun of Goldman about 6 weeks ago for upping their recession probability forecast in 2008 from 30% to 40-45%….
At some point, probably some point soon, stocks will bounce. There are still bulls out there and at some point some will step in and start buying stocks. The question is: How much of a bounce can we expect? Personally,…
“I defined variant perception as holding a well founded view that was meaningful different from market consensus….. It was also critical to have a keen understanding of what the market expectations truly were. Thus, the process by which a disparate…
“One comment on sentiment as a contrary indicator. You’ll hear a lot of bulls say that this is a contrary indicator and suggests selling has exhausted itself. But I just don’t think we are anywhere close to that point. With markets…
“Second to my family, this is the most important aspect of my life.” – Howard Schultz (subscription required), Founder Starbucks “This is his baby. If anyone’s going to figure out how to make this train get back on the rails, even…
We’re pretty much just treading water here, consolidating the big down moves for last week and waiting for earnings. Stocks were up a bit this morning until Countrywide Financial (CFC) started selling off around 11am EST. The shares lost about…
It was a tale of two different years for Top Gun, as for the stock market: the first half of the year and the second half (Top Gun 2007 Performance Chart). Top Gun underperformed in the first half of the…
Before the open this morning, JP Morgan analysts downgraded semiconductor king Intel (INTC) from “Buy” to “Hold”. They suggested Intel experienced a late quarter slowdown in orders that will hurt the 4th quarter and therefore slightly lowered their 4th quarter…
Spineless adj.: without moral force, resolution or courage Denial n.: a defense mechanism characterized by refusal to acknowledge painful realities, thoughts or feelings It was just brought to my attention that David Lereah, former Chief Economist of the National Association of Realtors,…