In his semiannual testimony before Congress which began this morning (Wed) at 10am EST Fed Chairman Ben Bernanke said that he is comfortable with current interest rate levels and that the factors contributing to inflationary risk appear to be waning…
A starting point for becoming knowledgeable about business and finance is simply to read The Wall Street Journal everyday. If you just do that, you’ll find your knowledge and understanding growing all the time and you’ll be way ahead of…
I believe Barry Hyman, equity market strategist at EKN Financial Services, gets it right when he says technology is “going to hold the key to the near term direction of the markets” (subscription required). And I think technology also explains…
Our S&P 500 calls (Jan07 $137) expired last Friday. I closed them out in the last hour of trading on Friday for $5.90 – (I forgot to give the instructions to do so here on the blog for which I apologize)….
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…
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,…
Apparently that new retail center they’ve been putting together along Douglas Boulevard, east of Sierra College Boulevard, is opening up this month: Developer Lisa Powers has assembled an intriquing mix of clothing boutiques and eateries, along with shops selling pottery,…
It’s been about 4 months since Top Gun recommended Netflix shares on Tuesday July 25 when they closed at $18.78. They closed today at $28.84 – up 53.6% – and I think it’s time to sell. The shares seem to…
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. …
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…