Just some quick thoughts as we head into the end of September… Last week was fairly interesting in that many began noticing signs of a change in character for the stock market, if not a change in trend. The Nazz has been the leader for this rally, so the action there is worth noting. Some…
Rally
The Yuppie Bounce
Go try to find an interview with virtually any sell-side analyst or money manager either in print or on financial television from this past February. Most told you to be completely out of stocks, understandably. The ones who did have the courage lack of choice and had to be recommending stocks in the media were…
The Five Stages of Panic Buying
I talk to a ton of traders, portfolio managers, brokers and high net worth investors, both on and off Wall Street. Most of them have engaged in a bit of panic buying at some point this summer as the 50% rally in US stocks surprised many smart players. Panic buying is what happens when you…
Market Recap: In The Ayer
[youtube=http://www.youtube.com/watch?v=0fEI2ZHUs6o] The Reformed Broker, AKA Armand Hammer, here with today’s Market Recap… So North Korea tests a nuclear bomb and long range missile and the Case Shiller housing numbers, while backward-looking, are still apocalyptic. How does the market react? EXPLOSION! The Dow was up around 150 to 200 points all day, without any real…
TGIF Market Recap: Impossible Rally Continues
[youtube=http://www.youtube.com/watch?v=2YFkcwtpGZo] The Reformed Broker, AKA Colonel Mustard, here with today’s Market Recap… Ford beat their numbers today, the sun was shining here in Manhattan, ummmm I don’t know. I’m trying to come up with reasons for why the Dow was up triple digits all day, but I guess sometimes, there are no answers. Shortie spent…
Market Recap: The Grouch Trade Killed You Today
The Reformed Broker, AKA The Scotch Bonnet, here with today’s Market Recap… Today’s rally was yet another face-ripper in a series of rip-your-face-off rallies. You only get these type of up moves in a brutal bear market, so enjoy the fireworks for as long as they last. You had to be long and strong from…
TGIF: What a Difference a Week Makes!
In the TGIF space last Friday, I posted a clip of R.E.M. doing “It’s The End Of The World As We Know It” as the Dow plunged below 6500 (seen here). This week, the Dow has ripped about 11% as of this writing and although nothing in the ecconomy has gotten better, a few days…
