Will It Hold?
“The big picture overall trend is still down and the market is still broken. Until that is repaired, rallies (even like the one we saw yesterday) are not to be entirely trusted.” – Charles Kirk, “Calling A Bottom”, Thursday January…
Looks Like A Short Term Bottom
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…
Short Term Bottom
I’m going to go out on a limb and say that this morning’s lows are going to form a short term bottom. By short term I mean at least a week or two. There are a lot of reasons to…
How Do You Like Them Apples?
Is the relentless selling EVER going to end? Apple (AAPL) reported first quarter of their fiscal year earnings after the close today and while the just completed quarter was sparkling their forecast for next quarter was underwhelming. In the just completed…
Financial, Real Estate And Retail Stocks Up Big Today; Tech Hit Again
One of the interesting features of today’s trading is that sectors that have been absolutely torched for the last year are generating some real buying interest: S&P Financials (XLF): +1.88% Regional Banks (KRE): +3.60% S&P Home Builders (XHB): +5.47% S&P…
The Capital Spectator: You Buy When You Want To Sell And Sell When You Want To Buy
“History teaches that the greatest buying opportunities often arrive at moments of extreme stress in the financial system. Positioning one’s mind, and one’s portfolio, to exploit such moments is vital for generating something other than mediocre performance for the long term. …
Overseas Markets Crash, Fed Cuts 75, Markets Gap Down At The Open And Reverse
Markets sold off badly overseas on Monday as investors feared the effects of a US recession on the rest of the world (Overseas Selloff Graphic). As a consequence, US futures markets were in panic mode yesterday ahead of today’s opening. With…
Some Investors Start To See Value
“A full fledged recession is now priced into bonds and is increasingly priced into stocks.” – Jim Paulsen (subscription required), Chief Investment Strategist, Wells Capital Management “We see US equities as being about 10% to 15% too cheap.” – Greg Fedorinchik (subscription…
Recommended Reading: The LA Times Reporter Who Sold At The Top Of The Housing Market
“I sensed trouble when a homeless man told me he was studying for his real estate license.” – Peter Hong, “How We Cashed In Before The Housing Crash”, The Los Angeles Times, January 20, 2008 “Don’t believe the hype!” –…
Pick Up Stix Closes All Sacramento Area Restaurants
“We took a hard look at our existing business in light of the current economic situation and at this time will focus on our core market.” – Carlson Restuarants Worldwide Spokeswoman Amy Freshwater Pick-Up Stix, the fast food asian restuarant,…