The S&P 500 closed today up 15 to 1468, marking a 6 1/2 year high. That’s 8 points higher than the most recent high close of 1460 on Tuesday February 20 – the week before the huge sell-off of February 27. To say…
One of today’s best performers was a stock by the name of Jones Soda (NSDQ: JSDA) – up $3.32 or 11.76% to $31.54 on huge volume. It’s just the latest of many off the chart days for Jones Soda recently. …
Writing in today’s Wall Street Journal E.S. Browning said (subscription required): Whether, and how, the [forthcoming 1st quarter] profit news surprises investors is likely to be the main determinant of the market’s direction in the next few weeks. Finally we can…
The three phases of a bull market: “Phase one is the rebound from the depressed conditions of the previous bear market. Here stocks return to known values. In the second and longest phase, shares advance in recognition of improving business and…
” … They can’t say what they really think. The Fed knows how important confidence is, and they do not want to do anything to discourage consumer sentiment or spook the psychology of the markets.” – Barry Ritholtz, “FOMC Statement,…
Today was an interesting day in the markets. The key event was the release at 10am EST by the Commerce Department of the report for February New Home Sales. The report said that new homes sold at a seasonally adjusted…
S&P 500 (black line) and $/Yen (orange line), December 27 2006 – March 26 2007
Mark Hulbert had an interesting article on Marketwatch after last Wednesday’s (March 21) close: “Nine to one: A rare and bullish technical event occurred Wednesday”. Over 90% of the volume of all NYSE-listed stocks was up last Wednesday – the…
One of the arguments you hear alot these days from bulls is that stocks are cheap. At a P/E of 17 (based on 2006 earnings) for the S&P 500, stocks just aren’t all that risky, they say. But this is…
In one his regular surveys of investment stories and analysis on the internet posted today,“Weekend Reading”, Charles Kirk of The Kirk Report linked to Top Gun’s post “A Role for Ancient Sanskrit Scholars in Today’s Market – Ben Changes One Phrase…