Wild Times on Wall Street
I did three segments Tuesday on Yahoo Tech Ticker at the Nasdaq: Here is the first, on closing shorts and getting a bounce: Click...
Fannie & Freddie See Red
Amazingly, after a 20 premarket pop, both of these are now slightly negative. Its still early in the trading day, and I expect the news...
“You Can’t Fight the Fed”
And another cliché dies a well deserved death . . . "In 2001, stocks kept falling even as the Fed cut interest rates heavily. The...
It’s a Great Time to Be an Investor !
Jeff Saut recently quoted a WSJ article: Memo to investors: This is what you get paid for. Volatility. Stomach-churning drops. Watching...
Fed: No Discount Window for FNM, FRE
Go figure: In the midst of a deep selloff, a bullish rumor seems to have been planted that would allow for the rescue of Fannie Mae (FNM)...
S&P500 vs AAII Bullish Index
My pal Mike Panzner sends along this chart showing that we are getting to an extreme in sentiment: Chart courtesy of Mike Panzner’s...
About Those Companies Brought Down by Rumors . . .
Here’s a question I’m curious about: We’ve heard from oh-so-many people how whisper campaigns have brought down so many...
Classic Retail Broker Stupidity
A retail broker I worked with many years ago sends an email asking about Freddie Mac (FRE): "It looks cheap, the government...
Pricing in a Bush Presidency
We continue to hear a steady drumbeat of partisan political market commentary from all the usual quarters. Their claim — stunningly...
Markets After Big One Month Declines
Welcome to a new quarter, back from the long holiday weekend, and to the start of another earnings season. There are many cross currents...