Take a walk with me down Memory Lane: 1973: S&P down over 17% (ouch) 1974: S&P down over 29%. (ouch again) The bottom for the S&P was reached in October 1974. And the bottom was reached — yet again — in December 1974. There was no advantage to jumping 100% back in, immediately. October 19, [...]
Supply and Demand : Measured by Point and Figure Charts
August 30, 2008 by
There’s a great story I read in the New York Times. It’s part business/part technology. While it delves into some pretty sophisticated topics, I’ll try and summarize it as best I can right here. The author, Anne Eisenberg, wrote about an experimental website, www.many-eyes.com. This is a site where visitors can upload data they want [...]
Auction Rate Preferred : The Bail Out
August 9, 2008 by
In one of my most recent posts I discussed the “ready to explode” product issued by brokerage firms called “auction rate preferred securities.” Well, that didn’t take long. In this past week UBS (the parent company of PaineWebber), announced they are spending $19 billion (yes, billion with a B) to buy back auction rate preferred [...]
Point and Figure Charts Disagree With an Interview on Bloomberg Radio
June 22, 2008 by
OK, no names are used in this post! But holy cow! In the midst of the sell off this week, Bloomberg Radio interviewed a money manager about the current condition of the market. The money manager went on and on making predictions about the market. How would he know anyway? Now, everyone is entitled to [...]
How GDP Numbers Being Released Will Affect The Market In March 2009
The stock market has been posting gains the past few days. After two very tough months to start 2009, what could go wrong? Plenty, especially if you are focused on just the Dow Jones Industrial Average.