After Tuesday’s sharp drop, the major averages tried to find some footing yesterday from which to move higher. It turned out to be a see-saw day, but we ended up slightly to the upside much to the relief of many investors. We now have to wait and see if these levels hold or if we are heading further south again. …
Stimulating The Bears
Did you notice it yesterday morning? I sure did. The sun was shining just a little bit brighter, the birds were chirping just a little bit louder and the wind was blowing just a little bit gentler. I felt calm and relaxed and assured that the world is now a better place. Strange feelings indeed, and then I realized what …
A Historic Buying Opportunity?
Seeking Alpha featured “Have We Reached a Historic Buying Opportunity?” Here are the last two paragraphs: The main thing I can say about the current environment, Matt, is though I can’t tell you what is running when or if we’re stuck in a 1-year rut or a 5-year rut, what I do know is that the general area we’re in …
It’s All Good, Right?
The WSJ summed up last week’s market optimism in “It’s All Good, Right? Right?” The indefatigable optimism of Wall Street is something to behold at times. The market has just been treated to the largest one month of layoffs since the dreary 1970s, which was on the heels of a slew of other global indicators that underscore the depth of …
Sunday Musings: Taking A Stance
As I was reading a MarketWatch article, I came across a comment section, where someone posted a fascinating story regarding one of the greatest responses to the request for bailout money in the automobile industry. As a supplier for the former Big 3, this man received a letter from the President of GM North America requesting support for the bailout …
Poor Investment advice
MarketWatch had some interesting thoughts in “The high price of poor investment advice.” Let’s listen in: Investment advisers, some of whom are inexperienced yet sincere representatives of the largest financial services firms, repeat stories they have memorized about where the best investments may be and how to find them. Whatever happened to some of these great storied opportunities and pearls …