TM

Global Equity Markets: Cautious Optimisim and Nagging Pessimism

I think this week has the potential for some possible downside. We have a good bit of consumer related news coming out that is likely to disappoint (spending, sentiment, home sales, etc...). The data will likely reaffirm to some investors that the current problem is not just isolated to the financial economy. I am not sure if the market will have enough upward momentum to continue last weeks gains through-out the week. Unless of course the numbers surprise to the upside, which would be very surprising, and who knows at this point what other tricks the Fed has up their sleeves!

Read more here: fiateconomics.blogspot.../

Best and Worst Dow, S&P 500 Performers YTD

I see some good value in that Dow 30 worst YTD chart...

What's With This Volatility?

Would be interesting to see that data overlayed with Vix or something of that nature.

Was That a Short-Covering Rally?

I was looking at some of the BSC puts, but don't think I will make a move since I can't really put my finger and what is driving BSC stock higher. I have heard all kinds of speculation, but I would really like to know who is doing the buying first.

Was That a Short-Covering Rally?

I would bet it was a combination of both, but we should continue to see some buying, unless of course there is some surprise news. Don't forget both Lehman and Goldman beat expectations, and this was after Lehman was all but left for dead; this was the big driver yesterday the Fed just helped.