Market Summary: February 11, 2010
After opening lower early in the session, stocks reversed course thanks to a slew of euro-zone countries today who pledged to support Greece through its sovereign debt drama. In particular, European Council President Herman Van Rompuy promised that European leaders would take “determined and coordinated action if needed” in order to preserve the fortitude of [...]
Good or Bad ? – Stock Buybacks
The usual bullish interpretation regarding stock buybacks is starting to give way to a backlash. Companies with piles of cash burning a hole in their pockets need to figure out what do to with it. Companies that buy their own stock expect that it will potentially boosts the stock price by reducing outstanding shares, and [...]
USD$: February 10, 2010
The entire financial world hinges on the U.S. dollar. What happens in the equity and bond markets, and indeed, all over the investment universe, from Shanghai to Dubai, is dependent entirely on a dollar down too far, too long, a dollar that bottomed out in late November 2009 at 74.5.
There are those in the [...]
Following Stock Gurus
This may sound self deprecating but you should not be letting some self-appointed market Guru dictate or dominate your trading decisions. The most you should expect, or accept, from the likes of me are a few trading ideas, a little technical analysis tutoring, and a bit of guidance in maintaining a solid trading discipline. You [...]
Confusion – The company or its stock:
There are some very good companies with mediocre stocks, and some mediocre companies with very good stocks. It can be difficult trying not to confuse the two. This quite simply is a fundamental analysis versus technical analysis issue. Some stocks simply have excellent trading characteristics while others don’t. Maybe it’s a matter of liquidity, or [...]
TRADING is EASY
Emotions are always prevalent when trading. However, often traders confuse genius with a bull market. It’s not that hard to make money in a roaring bull market. The truly difficult part is keeping your gains when the bear comes prowling. You’re not as smart as you think you are when [...]
DOW Closes below 10,000: Monday, February 8, 2010
Stocks took a turn for the worse today, showing very little of the bullish resilience that characterized Friday’s afternoon rebound. In keeping with the recent trend, it was another dose of uncertainty that helped send stocks reeling. Traders are still considering the possible ramifications of near-crippling sovereign [...]
