November 20, 2007: The emotions were in full throttle today as investors were fighting it out on the battle-front. The day started off as if we were going to have a repeat of last Tuesday and perhaps rally over 200 points. But in the blink of an eye the bears took the bulls “by the
November 19, 2007 Heading into the Thanksgiving Holiday, the market is not showing much to be thankful for with investors. Traditionally, this is one of the best weeks for the stock market, but you wouldn’t think that after what took place today. The media is relentless in its coverage of the credit concerns surrounding
November 16, 2007 What a battle today between the buyers and the sellers as both were trying in their own rights to create an intra-day trend of some sorts to close out the chaotic week. In the end, it was the bulls that prevailed – and they did it by beating the bears at
November 15, 2007 The rally in the stock market on Tuesday has become a distant memory as most would testify was nothing more than a traditional dead-cat bounce. Our strategy at Shareplanner is not to be bias to the long side or the short side, but to be on the “right” side; meaning,
November 14, 2007 Today was at best a disappointment for the bulls. The day began with a descent October retail report, indicating that inflation was moderating somewhat. With that said, it appeared that the market would gap up and run with it the rest of the day. However, what the market saw has been a
November 12, 2007 After last week’s tumultuous action, Wall-Street woke up with the hopes that they would see a bounce off of the horid performance from last week. However, E-Trade (ETFC) then decided to become the latest subprime victim, announcing that they had overexposed themselves to mortgage-backed securities. While the market performed most of the
November 9, 2007 Same news different bank. Wachovia Bank, Bank of America, and JP Morgan made it known that they were going to be today’s problem child. The market was so close to recovering from the losses earlier in the day. But in the last hour of trading, investors began to get a bit nervous
If you’re like a lot of investors out there, you are about ready to throw in the towel on this market. Today was a wild ride no doubt, with a lot of news affecting its outcome. First CSCO practically took down the entire NASDAQ singlehandedly on news of weakening demand among its major customers
Well its pretty clear at this point that you can scrap yesterday’s blog. Though yesterday hinted that it may have only been a dead-cat bounce that propelled yesterday’s market on moderate volume, today’s action was clear and definite. The Dow, NASDAQ, and S&P each fell 360, 76, and 44 points respectively. To put it