Issue: 11/30/07 Friday Another non event day in the stock market, and most other markets too. Oil is now at $88.71 per barrel, and that’s great news for all consumers around the world if the price can continue to fall. It is falling because the risk premium that oil traders have bid into past prices [...]
Issue: 11/29/07 Thursday The stock market went sideways today; resting a bit after the last hectic trading days. The Fed chief, Ben Bernanke, hinted that there will be a reduction in the Fed Funds rate in the future. Interesting that yesterday the same hint (from Federal Reserve Members) caused a stampede in buying stocks, but [...]
Issue: 11/28/07 Wednesday Today was the day for the stock market. Yesterday the Dow went up 215 points, and today it went up an additional 331 points. The sentiment that pushed the market up was a “hint” by one of the Fed members that the Fed Funds will be decreased by 0.25% on December 11th. [...]
Issue: 11/27/07 Monday The market went screaming up today. Why?? Citibank bailed itself out. But, was it a good deal, and should it have excited the market so much?? Here’s what the news said about it. Citigroup Inc. said late Monday that it has reached an agreement to sell equity units with mandatory conversion into [...]
Issue: 11/26/07 Monday Well it’s Monday, and the market has spoken – LOUDLY. The Dow went down 237 points today, and definitely closed so far down that I am now convinced that all low technical barriers have been breached, and the bottom is somewhere below us. The Dow Theory is now screaming that we are [...]
Issue: 11/23/07 Friday The market was closed yesterday – and I hope you all had your fair share of turkey, cranberry sauce and pumpkin pie. I did with my family. Today was a short day and the market went wild jumping up 183 points. As I said last Wednesday, you must ignore this week as [...]
Issue: 11/21/07 Wednesday Someone up there was listening today. I said that the Dow 12,800 level must be tested, and indeed it was, falling 211 points to 12,799 today. This was caused by the same old fears. If you remember a previous article, the Dow 30 and Dow Transportations now signal a “recession” in the [...]
The stock market went rocketing up this morning, then fell like a rock this afternoon. What made the difference? The Fed Meeting Minutes. How could some dusty ole minutes from October’s meeting cause that fall? Well, the Fed stated that the last Fed Funds rate reduction was a close vote (in fact there was one [...]
Issue: 11/19/07 Monday This is supposed to be a quiet week according to the “experts”. The Dow went down 217 points today. I don’t call that quiet; I call that noisy. The Dow closed below 13,000 at 12,959. The market is trying hard to test its low, and the market is certainly volatile. Day [...]
Issue: 11/16/07 Friday Nothing special happened today in all the markets – so I will take this opportunity to talk about something much more important – Inflation in China. Here is a case study of what happens to a country that has a managed, controlled economy. The solutions are very logical, and applicable to any [...]
