The rally attempt ended as soon as it begun last week on Wednesday. We are in correction again.
Market follow-through started a new rally attempt
Or is it another bounce? Today the [tag]market[/tag] entered into another [tag]rally attempt[/tag], fourth in a row. The market rallied on a new [tag]bank[/tag] [tag]bailout[/tag], which I personally do not like. Banks are receiving excessive monetary help, but can any of you experience any improvement? Did your [tag]interest rate[/tag] go down? Would you be able Continue reading →
Is the market looking for a new uptrend?
The [tag]stock market[/tag] seems to be bouncing at the bottom. When looking at the [tag]chart[/tag], the stock market failed two [tag]rally attempt[/tag]s and it seems like it cannot fall through its virtual [tag]support line[/tag]. Is it really a bottom, from which the market would be able to jump up? Or is it just bouncing like Continue reading →
Dow plunged 248 points and ended rally once again
The [tag]stock market[/tag] opened down, continued its downturn all day and counted its sixth [tag]loss[/tag] in a row. Bad [tag]economic data[/tag] slashed the [tag]rally attempt[/tag] to dust. Are we heading below 8000 points? [tag]Dow[/tag] -248.42 -2.94% 8,200.14 [tag]Nasdaq[/tag] -56.82 -3.67% 1,489.64 [tag]S&P[/tag] -29.17 -3.35% 842.62 The last [tag]rally[/tag] was mostly led by weak [tag]stocks[/tag] on Continue reading →
The stock market is growing, but on weak economic data
The [tag]stock market[/tag] has been growing since December 8th, 2008 in a modest pace in spite of bad [tag]economic[/tag] data. Are we really at the bottom of this [tag]crisis[/tag]? [tag]Economists[/tag] say, the [tag]crisis is over[/tag], [tag]stock markets[/tag] are bottoming or turning back up, some [tag]stocks[/tag] are forming their [tag]pattern[/tag]s, but is it really over? Is Continue reading →
A bailout for automakers failed
Senators didn’t pass the [tag]loan[/tag] for automakers tonight, because [tag]UAW[/tag] didn’t accept lowering salaries of employees to the same level as Japanese [tag]automakers[/tag] in the US. The US [tag]manufacturers[/tag] have about $69/hour salary overhead per employee, Japanese producers manufacturing in the US are at about $48/hour level ([tag]Gross salary[/tag] with all [tag]benefits[/tag]). I have only Continue reading →
Stock investing psychology
During my learning period, even today I am experiencing one psychological trap every [tag]investor[/tag] probably went through and every new [tag]beginner investor[/tag] will experience. Some may handle this with a brilliance, some may suffer the similar way I do. I am talking about the psychology during [tag]investing[/tag] into a particular [tag]stock[/tag], which later, after you Continue reading →
A new Rally Attempt in the stock market
Today the [tag]stock market[/tag] provided impressive [tag]gains[/tag], which marked the status as “Rally Attempt”. It seems like the market has found its bottom. It could be a short live attempt however, and it still may fail. Recently the market hasn’t responded to bad news with further drops and it tried to rally three times in Continue reading →
Do not be fooled by today’s rally
In newspapers or in the internet articles you can read [tag]market[/tag] commentaries which may sometimes look very optimistic and another day very pessimistic. Usually these commentaries are dedicated to that particular [tag]trading[/tag] day. For example when you look at Market Dispatches 12/2/2008 you may get fooled that the market has finally recovered and is in Continue reading →
Automakers want…
“…[tag]Ford[/tag] (F) described Tuesday’s request for a $9 [tag]billion[/tag] government [tag]loan[/tag]. [tag]General Motors[/tag] (
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