Monthly Archives: September 2008

SHORT TERM: "bailout plan" fundamentally approved, DOW +168 Overnight the Asian markets were mostly lower, Europe opened lower but closed +2.00%. US index futures were generally flat overnight, and at 8:30 weekly jobless claims rose 493K vs. 461K. Also durable goods orders … Continue reading →

SHORT TERM: consolidation day near support, DOW -29 Last night Warren Buffet stoked the financial market with a $5 bln cash, for perpetual preferred stock with warrants, infusion into GS. GS and the finanical sectors rallied driving the US index … Continue reading →

SHORT TERM: buyers strike continues, DOW -162 Overnight the Asian markets were all lower, Europe opened lower and closed -1.35%. Yesterday, after the close, the FED issued the following statement regarding banks holding companies: http://www.federalreserve.gov/newsevents/press/bcreg/20080922c.htm. Then at 7:30 this morning the … Continue reading →

SHORT TERM: bailout euphoria wanes as inflation fears rise, DOW -373 The FED kickoff the weekend friday night with the following release: http://www.federalreserve.gov/newsevents/press/monetary/20080919c.htm. Then Ameribank, based in W.Va. was reported to have failed, the 12th bank this year. Also reports circulated all … Continue reading →

REVIEW What a week! After the Treasury/FED decided to test the market by letting LEH file chapter 11 on monday, the market responded. On monday the DOW dropped 500 points. On tuesday the insurance giant AIG failed and the Treasury … Continue reading →