Posted by Martin November 12, 2008

What can we do to save our economy?

This is a post from Hello Suckers As the president-elect Barack Obama said; “It will not be any quick easy fix…” he was very right about it. [tag]FED[/tag] took some not easy, but wrong steps at the beginning of this crisis, which prolonged this agony and started the drop-down spiral, the exact same way as Continue reading →

Posted by MartZee November 11, 2008

Market under pressure, will the rally attempt survive?

Market under pressure, will the rally attempt survive?

This is a post from Hello Suckers Today the [tag]market[/tag] dropped significantly down. It seems like it had lost steam of last week power to override all bad news and we will head down again. The market is under pressure. It is still hard to say, which direction it will go. Dow -176.58 -1.99% 8,693.96 Continue reading →

Posted by Martin November 05, 2008

AFAM filed positive 3Q results today, 63% better than expected

AFAM filed positive 3Q results today, 63% better than expected

AFAM, the provider of home nursing care services filled its Q3 earnings today 63% up over the expectations and it rallied back to $49.51 a share from its yesteday sell off. Sales rised up 84% which is quite a good result in todays economy. Volume is raising as well and even though the stock’s rally Continue reading →

Posted by Martin November 05, 2008

Is Dow heading to 4000 points?

Is Dow heading to 4000 points?

Today I have read Jon Markman’s commentary on a crisis. In his paragraph “A Credit crater too big to fill?” he writes that Dow Jones can easily sink down to 4000 points level, because of the weak economy which can not be fixed by election itself. Wow. Is he serious? He provides calculations why he Continue reading →

Posted by Martin November 04, 2008

King is dead! God save the King!

Pre-election rally which has started last Tuesday brought impressive gains today: Dow +305.45 +3.28% 9,625.28 Nasdaq +53.79 +3.12% 1,780.12 S&P +39.45 +4.08% 1,005.75 However some leading stocks declined today (AFAM is among those stocks) and this makes this rally a bit weak. Will it survive or is it just another attempt to fail? Tomorrow we Continue reading →

Posted by Martin November 02, 2008

Are we at the bottom?

It seems like the market is bottoming. Even an unexperienced investor can feel that there is a resistance line and the market is not willing to go down any more. It can be misleading however. Take a look at the chart showing  recent moves in the stock market. The first red resistance line was what Continue reading →

Posted by Martin September 18, 2008

Market like a crazy cow

If an investor sits in cash during this period it may be funny for him watching this volatile market bouncing up and down like the squirrel in Ice Age: The melt down. This morning the market went down almost another 250 points and at the end it surged up to end up 410 points on Continue reading →

Posted by Martin September 15, 2008

LEH in bankruptcy…

So here we are. The 158 years old company is filling for bankruptcy (Yahoo! news, Associated Press). The next morning in the stock market and probably the entire week will be very shaky so we can expect some stormy trading. Monday trading may be very deep sell off. However I agree with this even though Continue reading →

Posted by Martin September 04, 2008

Market 09/02 – 09/05

Market 09/02 - 09/05

The market’s rally is definitely over. Steep drop more than 2% on high volume ended this rally attempt. See the chart bellow. The only thing I can do these days is to wait. I am not going to sell my positions unless they hit my stop loss level. Some stocks lost ground such as AFAM. Continue reading →