So it seems that the SEC can manipulate stock prices but no one else can. This was most clearly seen by its decision to ban short selling on Friday. Real smart! In fact everything the government has been doing as of late has been questionable. If you were to ask [...]
Funny how when we used the word “panic” in last nights post to describe the mentality on Wall Street, that you would get a rally out of the market to the extent that today saw. But that is typical, in that when things seem at its worst, is when things [...]
It turns out that our suspicions were correct about yesterday’s rally – a mere headfake. But today’s action was extreme and honestly, this type of action could lead to a panic sale of stocks across the board – those with fresh memores of 2000-2003 Nasdaq bubble crash will automatically make [...]
You had to figure that the Fed would throw Wall Street a bone to chew on. However, this was quite unexpected in how they did it. They did emphasize a concern for growth going forward in their FOMC Statement, however it seemed like a bit of reverse-psychology was at work [...]
Release Date: September 16, 2008 The Federal Open Market Committee decided today to keep its target for the federal funds rate at 2 percent. Strains in financial markets have increased significantly and labor markets have weakened further. Economic growth appears to have slowed recently, partly reflecting a softening of household [...]
Watching the futures as we headed into today’s market session, I was contemplating to myself whether this would be like the Bear Stearns day back in March, where the Fed bailed out the company and subsequently the market rallied hard off of its lows. Well today there was a big difference, [...]
Surprised by the headline? You should be. Very few people are giving it any consideration, but I believe with a near certainty that if we break through 1200 on the S&P we’ll get one, maybe even later this month when Benny and his gang of board governors meet again. How [...]
Even though the market ended with three straight days in the green, you are probably happy to see the week come to an end. The market’s volatitility this week was increidble, but in the end, the bulls were the victors. Once again we saw buying on the dip, as the [...]
Some will argue that today was that inevitable “dead-cat bonce”. That may be true, but the strong volume, and the rally off of a fair amount of significant selling in the early going, is enough to make you consider thinking otherwise. We also have seen a lot of volatility of [...]
Quiet day for once, considering what we have been through for the past week and a half. Buyers were looking for the inevitable “dead-cat” bounce, while shorts were trying to figure out whether they should sit on the gains from yesterday and last week and hope for more, or whether [...]
Depressing title, huh? Even so, it speaks volumes of the pain and trouble that investors and traders across the board are dealing with. In fact, regardless of the direction that you are trading in, it is still difficult to be on the right side of the trades. Today’s culprit: Lehman [...]
Often times we talk about game changers or better yet, a change in the status-quo. Today we got such an event. They only happen a few times (if that) each year, and when they do, they can turn the tide of the market in an instant. Whether today will prove [...]
