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There were 22 new highs and 4,340 new lows made. We had no breakouts and we had hundreds of breakdowns. If this keeps up, I’m going to have to change the title of my articles to ‘Today’s... The big problem I have with the looming bailout bill is that nobody in Washington is accurately identifying the culprit: Washington. And now we're supposed to trust them with the cure?Here's another... WHAT A DISASTER! The Dow dropped 777.68 points or 6.98%, the Nasdaq dropped 199.61 points or 9.14%, and the S&P 500 dropped 106.59 points or 8.79%. Today was the Dow’s largest one-day drop,... While the recent bankruptcies and potential failures have generated concern for both Wall Street and Main Street, and the federal bailouts have offered some hope (as well as concern), the root cause... The current market environment is producing difficult decisions for those with both long and short positions. As reported in a recent Reuters article, hedge fund manager and short seller Douglas Kass... Despite the incessant, nauseating calls for a bottom in real estate and banks, financial firms now find themselves in their most vulnerable conditions since the credit crisis began last summer. Just... Thursday, the investment-grade CDX North America Index rose from 130 bps to above 150 bps in a little over a month (see Financial Times article). The Counterparty Risk Index of the 15 leading... I'll keep this short but not so sweet. The light volume we are seeing on the market is a function of two things. First is the topic all media is talking about - the end of summer and final... Wall Street's latest mantra-emblematic of their new spirit of bailouts, especially when it comes to financial firms--is that Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) are too big to fail.... Freddie and Fannie were blamed for the selling yesterday putting pressure on financials. The concern over the government stepping in to control the companies prompted selling in both along with the... - Login to post a new commentary topic.
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