DJIA

Comparing This Decade's NASDAQ to the 1930's Dow Jones

In a new He Said/ She Said piece from the Wall Street Journal, we get the above chart, which compares the last 9 years of the NASDAQ to the Dow Jones Industrial Average of the Great Depression.  Without question, there is an eerie similarity in the squiggles. From the WSJ: Editor’s Note: It was the…

A Different Take on Dow 10k from Eric Bolling

On the heels of my somewhat less-than-enthusiastic take on how the Dow crossed the 10,000 mark, I got a comment from one of my fave anchors Eric Bolling, the renowned trader and co-anchor of FOX Business Happy Hour: How’d Dey Do Dat? Well… when you are a bank  and have access to free money via the Fed…

Keeping It Real: Dow Broke 10k Because IBM Didn't Split Too Often

All of my fellow bloggers are gonna do their Dow 10k pieces today, so I may as well join the cacophony… I’ve learned two important lessons from the thousands of hours of Hip Hop music I’ve consumed… 1.  “Kings lose crowns but teachers stay intelligent” – KRS-One 2.  Always “keep it real” – Various Artists…

Bearslaughter: September '09 Ends True To Form

We’re at midday so anything can happen, but as of right now, September of 2009 looks to be going out on a fitting note, a nasty upside reversal after an ugly triple digit sell-off. This is extremely frustrating action to those who held/ pressed their shorts throughout this month, as stocks seemingly defied gravity. A…

Unlucky Sevens: Bespoke on the 1 Year Anniversary

One year ago today, the world looked and felt like it was coming to an end on Wall Street.  The Dow dropped 777 points which was actually a larger point drop than the day the market reopened after the 9/11 attacks. Bespoke Investment Group does a great job reminding us of what was going on…

And a Chipmaker Shall Lead Us…

Intel (INTC) ripped the cover off the ball with their latest earnings report.  And we’re not talking about cost-cutting: From Reuters: Intel projected third-quarter revenue at $8.1 billion to $8.9 billion, compared with analysts’ average forecast of $7.8 billion, according to Reuters Estimates. They beat on revenues and they are raising revenue guidance.  When was…