Breaking Down the Current Market Action
I am tired of hearing from Greenspan et al that there was nothing they could do about what we are now seeing as a financial disaster.
BofA and Countrywide: My 2 Cents
Please do not confuse a bounce with a bottom that so many
are already calling for. After 1100 points on a straight down basis, it is normal to bounce to relieve the extended and oversold condition.
An Ugly Start on Wall Street
Do not be fooled by the normal Wall Street rhetoric where everything is ok and everything is either a value or cheap.
The Fed Will Cut Rates Before the Next Meeting
Normally, they would not do that because they would not want to be seen as desperate…but this is a Fed attached to the hip of Uncle Hank.
A New Year, but Has Anything Changed?
The first day of the year was a big yonk…but has anything really changed?
Market Is Oversold, but Will It Bounce?
We still may receive a holiday bounce…especially off of very oversold conditions…but that will not change a market with seriously deteriorating internals.
Another One for the Books (Almost)
Markets are headed into what should be seasonal strength in the next week. I would not doubt bounces into end of year.
What Happens After the Cut?
From here…very tough to say, but don’t believe it to be a positive when you get such a massive distribution day so soon.
A Conversation with Uncle Hank Paulson
Question for Hank…What do you say to those who say your plan gives incentives to people who can afford to pay…to say they can’t afford to pay?
Keep Looking for Growth Stocks
Now…don’t get me wrong. This is not a THROW A DART exercise. You need to know that 70% of the market is still in a bear market.
Nice Bounce, but There’s Still Problems in the Markets
As you know, I do not try to predict too far out because no one can. I just try to interpret the evidence at hand…which is all I have needed.
Focus on the Narrow Leadership
Bernanke all but said the Fed is going to cut rates again. DUH! Is this a surprise to any one of you? Why is the market acting so surprised?