Today was about as big of a rally as you’ll ever see, yet the charts still look horrid. The 5% gains on the Nasdaq and S&P 500 only recouped a portion of the steep losses from yesterday, not to mention the losses for the month & year. It’s interesting that the Russell 2000 lagged today [...]
Posted by 30 September 2008
Credit Market’s are Still Tight
Update @ 11:07 — Looks like the credit markets are easing up now. Fed funds rate has dropped to 2.5% now… Briefing.com just posted the following note about what’s going on in the credit markets today. This is what many, including Art Cashin this morning, are very concerned about: Floor Talk: Equity markets rebounding but [...]
Posted by 30 September 2008
Watchlist for September 30, 2008
Posted by 29 September 2008
September 29 Recap: Historic Losses and T2108 Heading for Zero
What can you say after a historic day like today? The indices had some of the worst percentage drops on record today. The Nasdaq 100 was down a whopping 10.5% today, largely thanks to it being heavily weighted to the likes of AAPL (-18%) and GOOG (-11.6%). Much of what I write tonight is going [...]
Posted by 29 September 2008
The Worst One-Day Percentage Losses for the Dow, S&P 500 and Nasdaq
On days like today we always see headlines about how the day’s point losses rank for the indices. But I’m always interested in where the moves rank on a percentage basis because that’s the only way to do a comparison against history. A -777 Dow today, while a record point loss, was *only* a 7% [...]
