A bear is still raging in the [tag]market[/tag]. Today’s drop ended the [tag]rally attempt[/tag]. I was thinking to keep the market status as it is, but the drop was too big. [tag]Dow[/tag] -679.95 -7.70% 8,149.09 [tag]Nasdaq[/tag] -137.50 -8.95% 1,398.07 [tag]S&P[/tag] -80.03 -8.93% 816.21 The market is probably entering its side way trend. The only positive Continue reading →
The stock market: promises and wishful thoughts
When the [tag]stock market[/tag] started rocketing last Monday, I was very suspicious about it. I truly wished the [tag]market[/tag] would turn already, finish its bottoming and start moving up, even slowly, carefully, but with confidence. Then I have realized that all this move is based on a fake power. The news that the Government is Continue reading →
AFAM dragged down by the stock market weakness
This is the post from Hello Suckers. The stock market sank by 445 points again. Leading [tag]stocks[/tag] such as AFAM headed south pulled by the market without mercy and became a proof that [tag]trading[/tag] against the market is [tag]fools’ play[/tag]. Do not buy any new positions and wait for the market.
Stock Market diving
This is the post from Hello Suckers [tag]Dow[/tag] –427.47 -5.07% 7,997.28 [tag]Nasdaq[/tag] -96.85 -6.53% 1,386.42 [tag]S&P[/tag] -52.54 -6.12% 806.58 The [tag]stock market[/tag] suffered another huge [tag]sell-off[/tag] today. Volume was light, however Dow ended below psychological level of 8000 points and erased all gains since April 2003. The path to lower levels is now open. Tomorrow Continue reading →
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 →
Sell off ended rally attempt
This is a post from Hello Suckers We are in correction again. [tag]Market[/tag] sell off ended the rally attempt when it opened low and continued dropping the whole day. The Government has changed the rules in the middle of the track and it sent the market deep down. Another woes, worries, surprises and whatever else Continue reading →
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 →
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 →
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 →
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