Monthly Archives: January 2008

weekend update

REVIEW: Panic set in around the world on monday and tuesday, as a rogue trader from a French bank forced liquidations in tens of billions of dollars in positions. On tuesday morning with many of the global stock markets down 10%, the FED … Continue reading

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friday update

SHORT TERM: market pulls backs after two day rally, DOW -171 Overnight the world’s markets continued their rebound as most of the Asian markets were up sharply. Quite a volatile week in that region: Australia was down 10% by tuesday only to … Continue reading

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thursday update

SHORT TERM: market rebound continues, DOW +108 Overnight the Asian markets were mixed and yesterdays buying frenzy in the US waned as trading moved across the globe. Europe, however, closed up about 5% catching up to that late afternoon rally in the … Continue reading

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wednesday update

SHORT TERM: wild day as market swings 5%, DOW +299 Overnight all the Asian markets were sharply higher, but Europe came in -2.5%. As a result the US indices gapped down at the open to SPX 1277, but quickly reversed … Continue reading

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tuesday update

SHORT TERM: selling panic echoes around the world, but FED cuts and market recovers, DOW -128 While the US market was closed for one day, the world went into a panic selling mode. The ASX dropped 10%, BSE 12%, NIKK … Continue reading

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