if the S&P500 closes here, it will be Flat negative on the year:
Where was the PPT today?
I have never been a big believer in the Plunge Protection Team (PPT). The 78% drop in the Nasdaq from 2000 to 2002 was my proof. So while...
Wild Day on Wall Street
Was that not a crazy day of trading? We fluctuated all day — plus to minus and back again — before finishing with quite the...
Is the Bull Market Over, or Are Stocks Cheap?
I am a news junkie. I think that’s fairly apparent to readers from the weekend linkfests. And, despite the fact that I have warned...
Markets See Rising Volume and Volatility
If you look in last week’s credit-driven market dislocation, one small tidbit has peaked through the wreckage: Investors will be...
Intra-day Dow
WSJ has a nice chart of yesterday’s action:Dow Jones Industrial Average: July 26, 2007 click thru for full size Dow chart Source:...
NYSE Short Interest Hits New High
I am up in Maine this weekend at Leen’s Lodge, courtesy of David Kotok’s annual economic summit/fly fishing event....
Oil versus Natural Gas
Oil ticked over $75 today. Long time readers know I have long been bullish on Energy, Oil, and the Agricultural sectors. But what happens...
“This is a bullshit rally!”
Fascinating and instructive conversation with a few of our traders/clients this afternoon, including a hedge fund momentum gunner who...
Can You Judge a Homebuilder By Its Book Value?
There is a fascinating article in today’s WSJ about a contentious valuation debate: Homebuilders judged by their book value. What...