Update: S&P 500: February 8, 2010
There is need for concern regarding the SPX’s breach of its 80-day moving average [RED line] and the subsequent unsuccessful attempt to rally back above this trendline early last week. Also, there is ample evidence that we are seeing a souring mood among investors.
For example:
1. The American Association of Individual Investors weekly survey showed [...]
Buying an IPO
An astonishing number of people don’t understand how IPOs work. Many investors believe that they are really buying an IPO when they buy the stock on the first day of public trading when it opens at $75. Those who REALLY bought the IPO were those who got their shares for $10, [...]
Market Review: February 1-5, 2010
A beat-up stock market recovered from a sharp drop in late trading on Friday, February 5, but still posted its fourth weekly drop.
The Dow Jones Industrials, down 167 points in afternoon trading, fought back to finish with a gain of 10 and barely close over 10,000. The Dow rose 10.05, or 0.1%, to 10,012.23 [...]
