Tech Wreck Stops Market Rally Cold
Wow. What a turn around in just a few days. When I was writing my previous post after the close last Tuesday the market was starting to look up. We’d had a nice rally on Thursday and Friday (Jan 11…
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Notes on the First 9 Trading Days of 2007
We’re 9 trading days into 2007 and I thought I’d comment on some of the things I’m seeing in the market. (1) Changing Perceptions About the Fed – When the Fed minutes were released on the year’s first trading day,…
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Do You Love It Or Do You Love It????? – The Dow and S&P Rally Off Early Lows to Bounce 15 and 5
After yesterday’s huge sell-off I wrote: What say I? DON’T PANIC. Jim Cramer always likes to say: “Nobody ever made a dime by panicking”. In fact, this is the time to have trust in your reasoned convictions and double down. …
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The Market Gets Hammered – The Dow Down 158 points and the S&P 500 19 Points on Monday
Great! Right after I tell everybody to go long the S&P 500 by buying call options the market has it’s worst day in 6 months. The Jan07 SPY 137 calls that I recommended lost a third of their value today…
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A Trade the Stars Are Lining Up For – Go Long the S&P 500 for the Rest of the Year
The Wall Street Journal ran a great article on Monday titled “How Skepticism Can Fuel a Rise: A Rally Too Good to Believe Also Has Cash Waiting to Enter; Acute Optimism Is What to Fear” (subscription required): ‘It is taking…