Posted in Daily Comment on Oct 13th, 2008
As I post this there is a rally over 950 Dow points. I’ll post a chart later in the afternoon. But for now I wanted to post this article from the Washington Times by Michael Barone.
BARONE: The coming liberal thugocracy
COMMENTARY:
“I need you to go out and talk to your friends and talk to your neighbors,” [...]
Posted in Daily Comment on Oct 9th, 2008
I’m trying to find a chart to be helpful in trying to determine when the selling in the stock indexes might come to a climax. The advance/decline ratio isn’t much help as it’s been declining for a very long time. The widely followed VIX is at a record, hitting almost 65 today. It has blown [...]
Posted in Daily Comment on Oct 6th, 2008
The stock indexes got hammered again today, but some late buying relieved some of the damage, and indexes closed well off their lows. The Nasdaq was able to bounce enough late in the day to create some evidence of price rejection at the lows, although there was much volume at lower levels. This created a bit [...]
Posted in Baltic Dry Index, Daily Comment on Oct 2nd, 2008
Stock indexes and most commodity market continued in their downtrends today. Oil has retraced most of the earlier uptrend for the year. The grains have been crushed. The Euro has lost all ground gained in the last 12 months. The high flying ag stocks are in freefall, as are most metal and other basic material [...]
Posted in Daily Comment on Sep 25th, 2008
Stock indexes rallied nicely early in the session, but started to falter late in the day when what looked like there might be some road blocks to congress passing the bailout plan. The market is more interested in the minute by minute changes in the news and not so interested in following technical indicators. This [...]