I’m taking a few weeks off. Look for posting to resume around the end of July.
Posted by 18 June 2008
Gone Fishing…
Posted by 17 June 2008
June 17, 2008 Stock Market Recap
Goldman Sachs giveth and Goldman taketh away. This morning I mentioned that I didn’t think that the whole financial sector didn’t deserve to rise in sympathy with Goldman on its earnings news. Well apparently Goldman agreed with me because a little while later they warned about more losses in the financials. That was enough to [...]
Posted by 17 June 2008
Watchlist for June 17, 2008
It’s good to see Goldman lifting the financial sector this morning although I’d argue that many of the tag-along companies probably don’t deserve it. If this strength hold it should break a 6 week downtrend on the XBD and bring that index back over its 50-day moving average. It would also help XLF to lift [...]
Posted by 16 June 2008
June 16, 2008 Stock Market Recap
Posted by 16 June 2008
Watchlist for June 16, 2008
Oil bears must be running scared this morning after Saudi Arabia announced an increase in oil production and the price of oil actually rose 3%. (If it’s supposed to go down but it goes up instead that’s some serious trouble for the shorts.) That surge in oil to a new all-time high, along with the [...]
