DJIA

Market Recap: GM's a Zero

[youtube=http://www.youtube.com/watch?v=2a8skzlhxDY] The Reformed Broker, AKA The Sugar Bear, here with today’s Market Recap… OK, finally, General Motors (GM) makes it official.  They’re a Zero.  Let’s move on. And would you believe that the auto-related stocks rallied?  That’s either a short-squeeze or the finality and closure that this industry needed… Check ’em out at the 3:15 look,…

Market Recap: Thursday Snapback

[youtube=http://www.youtube.com/watch?v=VEOV5vWfSgI] The Reformed Broker, AKA King of the Delta Blues, here with today’s Market Recap… The insurance names are being watched for signs of market stability (or instability).  These are the new “tells”…at least for now.  Yesterday the insurance sector looked apocalyptic, today, they were jiggy from the open. Here’s the 3 o’clock look at the group: Industry…

Goodbye Bill Seidman

[youtube=http://www.youtube.com/watch?v=_91pCe2jgHU] Bill Seidman passed away yesterday.  Rather than attempt to write up an obit without any new details of the man’s extraordinary career or service to his country, I thought I’d show you how good and sharp he was as a market commentator. The above video shows Bill Seidman doing what he did best…being insightful…

Sell in May and Go Away…I just may, eat some hay, and lay by the bay

[vodpod id=Groupvideo.2454003&w=425&h=350&fv=%26rel%3D0%26border%3D0%26] Should investors heed the phrase “Sell in May and Go Away” this year? If there’s one thing I’ve learned over the last 30 years or so, its that any advice that rhymes is guaranteed to be true and is automatically good to follow.  Think about it: “Beer before liquor, never sicker” “An apple…

Market Recap: Explosive Rally…Yawn

The Reformed Broker, AKA Pedro Cerrano, here with today’s Market Recap… Either the bulls brought their “A” Game or the bears forgot to set their alarms, ’cause the action today was up from the open, with the DJIA up roughly 2% all day.  Here’s the 3:30 look at the Dow: As of the close, we…

More Hot Links: Original Dow 30 & Marc Dreier

More Hot Links for Weekend Reading Here’s the story about a lawyer you will hate even more than all of the other lawyers you already despise.  Marc Dreier was a powerhouse bi-coastal player, ripping off hedge funds, real estate developers and possibly one of my favorite rock bands in the world, Wilco.  New York Magazine…