Market Rallies In Last Half Hour
I wouldn’t have expected it but the market rallied strongly in the last half hour taking back about 40% of its losses (Intraday Chart).
I wouldn’t have expected it but the market rallied strongly in the last half hour taking back about 40% of its losses (Intraday Chart).
20 years ago Friday, on Monday October 19, 1987, the stock market crashed in its worst one day drop ever (22.6%). Black Monday stands as Wall Street’s apacolyptic moment. Why? Nobody can give a satisfying answer. And, of course: Can…
“SIVs now find themselves in the eye of the storm.” – Citigroup Research Report (subscription required) “In other words, Citigroup is setting up a fund to buy assets from itself.” – Mike Shedlock, “Super SIVs – A Fraudulent Attempt At Concealment”,…
Here are Target’s (TGT) monthly same store sales comps for the last year (Target Releases): Sept 07 1.2% Aug 07 6.1% Jul 07 6.1% Jun 07 3.3% May 07 5.8% Mar and Apr 07 3.0% (See this post for why I’m…
On “Mad Money” last night Cramer said that it’s not too late to buy Google. In fact, he said, his price target for Google is $750 and that is “a total and unequivocal lowball estimate”. But I’m wondering if he’s…
Thursday August 16th was a wild day in the stock market. It marked the culmination of almost a month’s worth of massive selling. The Dow was down more than 300 points at one point before, miraculously and for no apparent…
The market had been trading up strongly today and then, all of a sudden, for no apparent reason, about an hour and a half ago, around 1:45am EST, it started to drop precipitously (Intraday Chart). As you can see from…
“Motorcycles and motor homes are the kind of things that people think about before they buy. Nobody needs a Harley. They’re bought when people want ’em, so they’re poster boys for the economy.” – Ron Muhlenkamp, Portfolio Manager, Muhlenkamp Fund,…
“In America, they give you a second chance but not a third.” – Victor Niederhoffer In its most recent issue, The New Yorker ran a fascinating profile of trader and hedge fund manager Victor Niederhoffer. During the 1990s, Niederhoffer, incidentally a…
50 years ago today one of the truly great books of the 20th century was published: Ayn Rand’s Atlas Shrugged. The hostility evoked by any mention of Rand’s name is of course a given. But at root Rand’s ideas celebrated…