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Posts Tagged With 'recovery'

Posted by Martin February 14, 2018

What’s the next S&P 500 move?

If you study the markets and browse a bit into history and seasonality of the markets you can get some nice numbers about the market behavior. That can provide with some foresight and clues of what the market may do next. However, let me stress out again that in the markets “EVERYTHING CAN HAPPEN” no Continue reading →

Posted by Martin January 26, 2015

Legacy Reserves LP (LGCY) bull put spread trade

Recently one investor asked me a question whether I would consider selling covered calls against my recently purchased shares of Legacy Reserves (LGCY) or not. He was also concerned about the stock and its recent fall in price. I reviewed my holdings as well as my original reasons for the trade and I must say, Continue reading →

Posted by Martin November 07, 2011

Stocks Will Be Cheap When the S&P 500 Tumbles 25% Says Portfolio Manager

There’s an old saying about lousy stocks on Wall Street: “If you liked XYZ at $50, you must love it at $25.” Along those same lines, it could be argued that if you think stocks are cheap now, just wait until you see how cheap they are when earnings estimates come down. According to Mike Continue reading →

Posted by Martin October 05, 2011

SPY rised almost 2% on hopes for rescue of European banks

The market (SPY) rised on hopes and wishful thinking today on mediocre volume. Nothing exciting today. “The market is trading on sentiment right now, not fundamentals,” said Rob Stein, head of Astor Asset Management. “People are hoping that the bounce yesterday means that we’ve hit a bottom, but the problems that were in the economy 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 →