Are Citigroup and Other Financials Really Cheap?
I am worried…and not just about the market.
What Happened to the Ambac Financial Deal?
So what happened to the deal that Ambac Financial and the crooks… I mean banks… were supposed to consummate Monday or Tuesday of this week?
The Securities Industry is About TRUST!
I am writing about all this today because I believe the securities industry is based largely on one word: TRUST! And there is a clear lack of trust in the securities industry. Friday’s late action added to this lack of trust.
Anything Can Happen Near-Term
I can actually tell the mood out there by whether my
emails are asking whether to short the market or buy the market.
The Follow-Through! The Follow-Through!
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Is There a Yen/Bond Correlation?
That doesn’t change the fact that everything…and I mean everything…is trading below resistance as well.
In Market Related News, Giants Win!
As a follower of the O’Neil principles of investing, I can understand why they refused to call the recent strong day on heavy volume NOT a follow through day.
The Market, As Is
If I was running MICROSOFT, I would have waited as this was
a stock heading into the low to mid-single digits…
Bear Markets Don’t End in One Day
As I told you, down legs in bear markets end with heavy volume reversals just to suck out the last sellers at the most inopportune time.
The Markets: One Day at a Time
There are absolutely no bases to buy off of as the damage has been heavy…and in an utterly amazing occurrence, I am already hearing the call of THE BOTTOM…
This Is Officially a Bear Market
I have been pointing out all the problems for quite a while.
Characteristics of a Bear Market
A classic characteristic of a bear is good news is still sold and bad news kills.