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Archive for July, 2010

All notes in Lending Club current

As I feared on Friday last week that one of my notes may default, the borrower paid today. So all my notes are current. It however doesn’t mean anything, since the borrower may default next time, but at least the risk is lower now. Today I also purchased a new loan note completely funded by Continue reading →

Posted by MartZee July 22, 2010

Better than expected earnings reports moved indexes up

Some companies which are major components of S&P 500 reported better than expected earnings. That moved the stock market to a rally attempt. Will this be a sufficient catalyst for the market to sustain the growth? We will see. Caterpillar Inc., 3M Co., UPS Inc. and AT&T Inc. all topped earnings forecasts and raised their Continue reading →

Market back in correction

Trading ended with a huge loss today: NEW YORK (Reuters) – Downbeat consumer sentiment data and weak revenues from GE and two big banks slammed stocks on Friday, driving major indexes down more than 2.5 percent. The Dow Jones industrial average (DJI:^DJI) slid 261.41 points, or 2.52 percent, to end unofficially at 10,097.90. The Standard Continue reading →

Posted by MartZee July 16, 2010

Market under pressure

The market opened lower today and is under pressure slipping back into correction. As I expected, the earnings wasn’t very good so far: bank revenues lag, Google disappoints, and Consumer Sentiment falls from previous 76 to 66 points and that drags the market down. As of this morning the Dow was 10,199.39  -159.92  -1.54% Nasdaq 2,208.07  -41.01  -1.82% and Continue reading →

Market in Rally Attempt

Market in Rally Attempt

When I wrote my post on July 7th about stocks rallying on earnings expectations I warned about this rally as it is not confirmed and it may fail. Even though the market made an impressive move and achieved great gains since then, it is still in an overall downtrend. Last couple of days I was Continue reading →

Stocks rallied on earnings expectation

Today, the stock market rallied on earnings expectation, which on the other hand makes me feel like wishful thinking. If the earnings show to be disappointing, the stocks will fall back down. Today’s gains were very impressive as the Dow Jones Industrial Average (DJIA 10,018, +274.66, +2.82%) closed above 10,000 points for the first time Continue reading →