While we’ve been communicating more actively than usual with subscribers, things have been somewhat quieter here on the free part of the site. The reason? We don’t expect historical and statistical studies to be nearly as helpful in a market environment like this one. And since we don’t have any unique insight into the likelihood of various political and economic events coming to pass, we figure your RSS reader or pony express boy or whatever is already loaded with enough…
Wiser heads than ours are still thinking hard about the unrelenting credit troubles, the generally absurd situations of FNM and FRE, and the possibility that this time, socialism for the rich (that broad set of taxpayer-funded free love, free money policies available to large companies and major investors, but not to ordinary people) might not pull us through. If our bearish data points from yesterday weren’t enough, here are some more:
There was a big divergence in the financials versus tech names today,…
In a viable, vibrant bull market working alongside a healthy economy, are 400 point rallies like this one really needed?
Volume today? Shrug. Nothing to write home about. Volume in IWM and QQQQ was particularly average; the biggest volume was in the Dow, which, as you may recall, is still composed of just 30 stocks. The biggest Dow gainers today, unsurprisingly, were AIG (+8%) AXP (+7%) C (+11%) and JPM (+9%). As nice as this rally was, only QQQQ is above…
Tuesday, September 30, 2008
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