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Another day, another rally. Ha, just kidding. But we are rallied up another 100 points in the DJIA this morning and it’s tried to stick so far. And I do think we’re getting closer to bottoming sooner rather than later. I’ll rephrase — I think this market might
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Flat day at the markets and that’s not a bad thing. Some steady base-building would be best, but regardless of what happens in the next couple trading sessions, I’m starting to wonder if the selling is closer to being over than started. I bought some Riverbed calls
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Trading is as much art as science. And while the “science” behind my bullishness on Riverbed hasn’t changed while it’s been crushed from the $40s to $20, I’ve been saying things like this about my approach to Riverbed: Q: What is your strategy, if any, moving forward
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Sweet-voiced daughter of Zeus from thy gold-paved Pythian shrine Wafted to Thebes divine, What dost thou bring me? My soul is racked and shivers with fear. (Healer of Delos, hear!) Hast thou some pain unknown before, Or with the circling years renewest a penance of yore? Offspring of
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If the good Lord had intended us to walk, he wouldn’t have invented roller skates. – Willy Wonka Good day to you and welcome back to the skating rink. I’ve seen several headlines trumpeting how “The Bulls Are Storming Wall Street” and what not…but the markets themselves are
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Another incredibly wild, volatile week — a three week period for the record books. The markets are dealing out some serious punishment to the bulls (and so many of the bears I know have already covered and/or even been trying to buy the bounces that the bears are feeling the
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As I pulled out the driveway early this morning, my truck pops a tire. Flat, dead. The air pump I retrieve from the barn’s got the wrong head on it so we replace it with one the right size. The air pump’s out of air so we go
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Good morning and welcome back to the arcade. Put your quarters in and play your game. The markets started the days ugly, but have managed an intraday rally and there’s some green peaking through the screen. Marvell came through for us, as the report was pretty darn strong throughout
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“Setting a goal is not the main thing. It is deciding how you will go about achieving it and staying with that plan.” — Tom Landry That was sloppy, ugly, nasty, slippery, etc-y. In yesterday’s chat, I’d had this discussion with a subscriber: Q: Do you think we’
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The markets are flatlined down 3-4% across the board today and as one analyst note smartly put it, “There’s just a complete buyer’s strike out there.” That, and there are obviously a lot of folks running for the hills. The emotions are running the markets right now.
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This morning brings us a retest of the lows. The traders/investors are, as I noted repeatedly the last couple days, feeling very emotional after the recent volatility. And that’s got them, as I’d paraphrased Janes Addiction in saying, “jumping out of their flesh because it hurts so
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You guys know how often I point out that the mainstream media’s explanations for a single day’s action in the markets is usually rather insultingly stupid? At least this reporter finishes her article with a punchline admission of what the real catalyst for ANF’s 10% decline today
