Market Recap

Market Recap: Seesaw

[youtube=http://www.youtube.com/watch?v=LUZa6KJhPCI] The Reformed Broker, AKA Pennywise, here with today’s Market Recap… Up open, down all day, up close. The discussion today concerned what shape the recovery may take.  I have no opinion.  Precious metals were getting bids all day today.  Here’s what the big gold names looked like at 3 o’clock: BARRICK GOLD CP [ABX] +3.78%…

Market Recap: Ugly Love

 [youtube=http://www.youtube.com/watch?v=cIDy_09nmQU] The Reformed Broker, AKA Oxblood Oxheart, here with today’s Market Recap… The secondary offering parade that started last friday continued today with a jumbo 56 mil share lump out of Capital One Financial (COF) this morning. The markets used that as an excuse to take profits with the Dow off 150 heading into the…

TGIF Market Recap: Salute Your Dilution

   [youtube=http://www.youtube.com/watch?v=kov83AXN1Xs] The Reformed Broker, AKA Professor Plum, here with today’s Market Recap… Today’s won’t be a legit recap as I am out of the office early today on a secret Golfing assignment. The big news today was the post-stress test avalanche of secondary offerings from the banks. Shareholders can Salute their Dilution while jamming…

Market Recap: Stressin' the Test

[youtube=http://www.youtube.com/watch?v=W6CfC3Iax-Q] The Reformed Broker, AKA Daniel Faraday, here with today’s Market Recap… You knew we were due.  The market was exhausted and needed a break.  Now the big question is whether or not that was the end of a massive bear market rally, or just the beginning of something else. I’m undecided, but I’ll work…

Market Recap: The Banks!!!

[youtube=http://www.youtube.com/watch?v=5Mum6ggkBJs&feature=related] The Reformed Broker, AKA Nouriel Houdini, here with today’s Market Recap… The news hit this morning that Bank of America (BAC) needs another $35 billion to remain solvent…so how did the market react? We took the money center banks through the f@ckin’ roof! Here’s the 3 o’clock look at the sector: Industry Top Performers…

Market Recap: Godspeed, Dom DeLuise

[youtube=http://www.youtube.com/watch?v=hDx2Mr4XxkQ] The Reformed Broker, AKA Captain Chaos, here with today’s Market Recap… As Eighties Babies across the country said goodbye to actor Dom DeLuise, the markets said goodbye to the multi-day massive rally today.  Longs took profits in several key sectors, even as Fed Head Ben Bernanke testified to Congress that signs of stability are…

Market Recap: High as a Kite

The Reformed Broker, AKA Georgie Jung, here with today’s Market Recap… Fundamentals be damned, US markets took the ball from the up overseas bourses and ran with it.  The rally started at the open and anything China-related was once again, high as a kite.  Copper, shippers, steels, coals…if it gets shipped to The Big C,…

TGIF Market Recap: Sail Away with the Shippers

[youtube=http://www.youtube.com/watch?v=BARLfUmyBJA] The Reformed Broker, AKA Captain Dry Bulk, here with today’s Market Recap… Quiet day on The Street today overall, but the China-related stuff was on fire.  Aluminum, Building Materials and Steel names were all up nicely as of mid-day, but the show-stopper was the shipping sector in light of the DryShips (DRYS) earnings beat….

Market Recap: Punks Jump Up…

[youtube=http://www.youtube.com/watch?v=dxBvUqLs_eU] The Reformed Broker, AKA Kool G Wrap, here with today’s Market Recap… The Chrysler bankruptcy had virtually zero impact at the open and the Dow quickly gained a triple digit head of steam.  As the day wore on, however, stocks faded and profits were taken.  Speculative juices vanished and as Brand Nubian said, Punks Jumped…

Market Recap: Survivability

[youtube=http://www.youtube.com/watch?v=IL0aDXekfyM] The Reformed Broker, AKA Prince Adam, here with today’s Market Recap… Once again, the DJIA shrugged off an overnight triple-digit sell-off in the futures…this must be awfully frustrating for the apocalypse crowd.  I’m trying to stay prepared for the eventual correction of at least some of this rally, but guys who are 100% long right…