(Via The Guru Investor)
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“The Standard & Poors is now challenging 1490 once again, and if it can move significantly through that level it will have proved itself worthy of another run at its old highs.” – Michael Kahn, “The Bulls Have The Ball…
Microsoft (MSFT) is having its biggest day in a long, long, long time – up $3.04, 9.50%, to $35.03 currently. It is the most actively traded stock on either the New York or Nasdaq Stock Exchanges by far with more…
Whereas the previous two weeks (June 4-8 and June 11-15) were all about rising interest rates, this week was all about the blow up of two Bear Stearns hedge funds with heavy investments in subprime mortgage bonds. Fear that other…
Stocks had a furious rally the last three days of the holiday shortened week. On Thursday, the S&P was +0.62% to 4,726 (a new all time high), the NASDAQ was +0.85% and the Russell +0.89%. I don’t want to be…
After flirting with positive territory in the second to last hour, the Dow and S&P have surged into positive territory in the first 15 minutes of the final hour of trading (S&P 5 Day Chart). In fact, we’ve seen an…