Another ugly week of trade that saw new lows for the year left the S&P 500 (SPY) down -7.7% on falling corporate guidance, poor retail sales, and added volatility attendant to Secretary... read more »
A recent survey of asset managers, institutions, and high net worth investors at the Global Alternative Management Fund of Funds conference found that 36 percent of those questioned felt that... read more »
The feel good factor in the markets was relatively short-lived with the 400 point rally in the Dow this morning turning into a more than 76 point decline by the end of the US trading session. The US... read more »
• The tradable bottom in place starting today. Be ready to sell & sell short if an appropriate signal appears. This rally could last from one day to several days.
• Global... read more »
The price action in the equity markets today was nothing short of impressive. We literally had a W shaped trading day where stocks opened down 600 points, rallied back into positive territory, sold... read more »
A government of the people, for the people and by the people… not buy the people. Investors voted yesterday on the proposed bailout discussions from Congress by bailing out of equities. The power... read more »
SanDisk Corp. (NSDQ: SNDK) broke out today, up 31%, on news that Samsung may buyout or form a joint venture with SNDK in the future. Nothing concrete was reported, but only an interest. SNDK formed... read more »
A new proposed SEC plan will overhaul oil and gas reporting rules that have existed since the 1970. The new rules will boost the proven reserves reported by oil companies, and in the process boost... read more »
There is an interesting article in the WSJ regarding recessions and productivity numbers. As seen in the figure below, the last six recessions have occurred at a time when productivity numbers were... read more »
There is an interesting article at the International Herald Tribune about how forecasting on Wall Street is getting "too wild," and how forecasts are getting less accurate. Data from... read more »
