Daily Analysis

I guess Wall Street made it known what it thought of Congress for not passing the bailout bill! Today was one of the worst days this market has ever seen. In fact we are now at four year lows in the S&P. Amazing how fast the market can knock down years of gains in the

Well, today’s rally was largely due to the optimism surrounding a federal bailout plan would be finalized (or as the politicians like to call it, a “rescue plan”). Well after the market’s closed, the deal that was once inevitable fell apart. The problem is that you have a bunch of self seeking, power hungry people

In what was a relatively wide-ranged day of trading, stocks limped to the finish line as the Dow again finished with triple-digit losses. After giving up all of Friday’s gains yesterday, the market turned sour as the details of the bailout plan were voiced at a Senate Committee hearing. As mentioned previously, the bailout plans

About 9% in gains in just two days and you were thinking that we would keep adding on? Mr. Market isn’t the type to act suddenly optimistic about things when for so long, he’s been in a gloomy mood – and today was a reminder of just that. On Friday we ran in to the

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 yourself, who was more likely

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 are likely to get better

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 a connection with

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 here. Perhaps they knew that

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, and that was the Fed

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 bulls are showing some tenacity