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Monthly Archives: September 2008
tuesday update
SHORT TERM: market rebounds solidly on oversold rally, DOW +485 Overnight the Asian markets initially sold off and then recovered to close mixed. Europe opened lower, but recovered to close +1.05%. US index futures traded higher in the early hours, and … Continue reading
Posted in Uncategorized
77 Comments
monday update
SHORT TERM: banks fail, "bailout plan" fails, market fails, DOW -778 Sunday evening Congressional leaders released a non-partisan draft of the Emergency Economic Stabilization Act of 2008. It appeared our illustrious politicians had come to agreement on addressing the credit … Continue reading
Posted in Uncategorized
79 Comments
expanded chart coverage
The SPX 500 is divided into nine sectors, these sectors are traded as ETF’s, and are generally called SPDR’s. We have been tracking one of these SPDR’s, the financial XLF. In an attempt to help our foreign readers, and some in … Continue reading
Posted in Uncategorized
100 Comments
weekend update
REVIEW After the big surge in stocks late last week. This week was filled with mostly disappointing news. Economic reports such as homes sales, jobless claims, and durable goods orders continued to go in the wrong direction. WAMU failed on thursday, the … Continue reading
Posted in Uncategorized
57 Comments
friday update
SHORT TERM: market holds support after Republican surprise, DOW +119 After six days of hearings and negotiations, the "bailout plan" was in its final stages of being completed. Then in a "political theatrical stunt", with six weeks before the national elections, … Continue reading
Posted in Uncategorized
26 Comments
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