After being up this morning on a strong October ISM Manufacturing report, the market turned course with the S&P dropping 20 points between 12pm and 1pm EST. Yowza.
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When Warren Buffett speaks, people listen. For the first time in ten months (see “Buffett NY Times Op-Ed: Buy Now”, Top Gun FP, October 17, 2009), Buffett voiced his views in a very public forum with an op-ed in this…
The last time an opportunity of this nature existed to buy banks stocks this cheap was in 1990. The next time will be in 20 years. This is a once-in-a-generation opportunity. – Dick Bove, Financials Analyst, Punk Ziegel, “The Financial…
Yesterday’s 200 point decline in the Dow was accompanied by some of the heaviest volume we have seen in a while. On top of that, Monday’s trading qualified as yet another 90 percent downside day, where 90 percent of the…
After a strong three day bounce, the market softened Thursday with the S&P -0.72%, the NASDAQ -1.71% and the Russell -2.27%. NYSE + NASDAQ Advancers to Decliners were 1,997 to 6,030 on relatively mild volume of 8.3 billion shares compared…
Many of the respected technicians I follow see the market indexes currently forming a wedge. This is a series of lower highs and higher lows that form a tighter and tighter range (see, for example, S&P Wedge Chart and QQQQ Wedge…