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    Trying to Keep a Good Thing Going

    March 20, 2008 Today the market managed to recover most of yesterday’s losses, and gave investors a glimmer of hope heading into Easter Weekend as the market is off tomorrow in observance of Good Friday. The market will re-open on Monday, and you can rest assure, that fears and worries concerning other possible banks bellying-up

    By |Published On: March 20, 2008|1 min read|
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    Give a Little, Take a Little

    March 19, 2008 Much like last week when we had a 400-point advance, and in the following days, we saw the market sell-off of those gains, today was no different. After having over 4% days in the NASDAQ and S&P, both indices gave back about 2.5% of those gains. The driver wasn’t any significant piece

    By |Published On: March 19, 2008|1 min read|
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    Fed Quiets the Critics

    March 18, 2008 Those who have been waiting patiently for the market to give them a strong rally, got their wish today, and eerily similar to last Tuesday, we rallied 3.5% – 4% across the major indices. Though the market was up from the very start, the day’s rally can be attributed to the Federal

    By |Published On: March 18, 2008|2 min read|
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    Do I Hear $2

    March 17, 2008 Who could ever imagined that a stock, not too long ago, that had a market cap of $20B, could be taken out shortly thereafter by a rival company for $2/share or $236M? That is exactly what happened with Bear Stearns today and according to the market’s reaction to its buyer, JPMorgan Chase,

    By |Published On: March 17, 2008|2 min read|
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    Bears Turn Up the Volume

    March 14, 2008 After the rough close on Monday, things have been mainly on the up and up, but today the bulls had the rug pulled out from underneath them. The market sold off and it sold off in an extremely heavy way. Volume was nearly a third more than what it was earlier in

    By |Published On: March 14, 2008|2 min read|
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    Bleak Start Turns Into Positive Finish

    March 13, 2008 Overnight sell-off in the global markets due to the uncertainty of whether the Fed’s bailout plan could actually work, caused the futures to be significantly down heading into the market open. However, a report from the S&P stating that the majority of the bank write-offs had been announced, allowed for the markets

    By |Published On: March 13, 2008|1 min read|
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    Profit Taking Lets the Market Give Back

    March 12, 2008 To start the day, it appeared as if we would be able to somehow extend the gains from yesterday. However, as the day progressed, investors and traders alike decided to cash in on their hard earned profits and not put their profits at risk to another possible sell-off. Today’s sell-off doesn’t alarm

    By |Published On: March 12, 2008|2 min read|
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    Fed Steps In Once Again

    March 11, 2008 The day was set to begin strong, but once the Fed announced that they would loan banks $200B and allow banks to use their existing mortgages as collateral, the market decided to make it a memorable day. Whoever was still short heading into today, was most certainly squeezed out of their positions,

    By |Published On: March 11, 2008|2 min read|
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    The Next Leg Down

    March 10, 2008 The week was expected to be conducive to a reflexive bounce in the market from the hard sell-off in the indices from the week prior. Instead, investors allowed themselves, due to a series of downgrades to companies with mortgage exposure, to once again, begin another round of selling, and in the case

    By |Published On: March 10, 2008|1 min read|
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    Bulls Hold Their Ground-For Now

    March 7, 2008 It was looking like we were in for another rough day in the market, and for most of the day, the market consistently made new lows throughout. Though the closing was not at all impressive, there was an underlying event that did take place, and that was the bulls were able to

    By |Published On: March 7, 2008|2 min read|