Stock Market

Nearly 20 years ago, when I worked in Chicago, I became friends with a gentleman named Joe Lopresti. Today, Joe is the President of Arlington Capital Management. (…)

The line heard in every economic recession, and every single stock market pullback is: this time it's different. (…)

I'm going to paint a word picture for you.
Suppose you own a stock that gave three successive buy signals last summer — in 2007. The stock ran from $28 per share up to $34 a share. (…)

We don't make predictions at Mullooly Asset Management. And we rarely hold anyone else's predictions as credible. So keep that in mind with this post. (…)

Another theme I'm surprised hasn't been discussed more often will be more foreign firms trying to make acquisitions of US-based companies in the next few years. (…)

In the coming months and years, you will hear more publicly traded companies than ever before discussing the idea of GOING PRIVATE.  Even with the mortgage mess, there is STILL access to capital. (…)

Ever heard of Bill Miller? He runs the Legg Mason Value Trust (LVMTX). Miller is literally splattered all over CNBC and other media outlets. (…)

 Looking at relative strength changes really helps to drive home underlying themes in the market. (…)

This article could be titled: Can (fill in the blank) go any lower? I'm not picking on Merck.
The reality is you could drop in Merck, Citibank, General Motors, Ford, J.P. (…)

Frequent readers have seen earlier posts where I have discussed option expiration week and the volatility that comes with it.  But there was scant mention of option expiration at all this week.  Options expired on Friday and the Dow Jones dropped 220 points. (…)

In just the last month, assets in exchange traded funds increased $17 billion. Total assets in ETF's now total over $600 billion, according to State Street Global Advisors of Boston. (…)

The market averages seem to be starting summer early. We saw a broad-based sell-off this past week, after several weeks of positive movement. (…)

Do you remember the television program, "Who wants to be a Millionaire"?The show was actually featured in a terrific book "The Wisdom of Crowds" by James Suriowiecki. (…)

The period we're in now is not necessarily a "bull market" or a "bear market" but more like a structurally "fair market." I didn't make that up on my own — Tom Dorsey, from Dorsey Wright and Associates in Richmond coined that term. (…)

UPDATE: Sunday evening, 03/16/2008: Bear Stearns to be acquired by JPMorgan Chase for $2.00 in stock swap deal.
That is NOT a typo!
The stock closed at $30 on Friday. On Thursday, it was $57.00. (…)

The news surrounding Bear Stearns on Friday morning was not good! There are several important elements to this story. (…)

Another Weird Day on Wall Street
Today, Tuesday, February 26, 2008 we received some negative economic news. (…)

Most Wall Street recommendations to buy are based on projected future revenues and/or projected future earnings. Projected. Or you could say, "predicted". (…)

It appears that nearly everything written or said on Wall Street has an agenda behind it.
This is just a casual observation I've made over the past few months. (…)

I've labeled this “the yikes spiral” because typically this happens when certain markets are in free fall. (…)