Stocks Soar! The Bulls come back after being driven out of the heartland – the algos go wild on the UPSIDE… The Dow rallies by 5.1% or 1293 pts, the S&P surges by 4.9% or 136 pts, The Nasdaq adds 4.6% or 384 pts and the Russell tacked on 2.8% or 42 pts. What a [...]
Stocks opened lower on Friday, down 550 pts and proceeded to go even lower notching losses of more than another 1,000 pts by 10 am, as the bottom appeared to be falling out of the market. By 10 am on Friday, we had witnessed the market lose more than 4,500 pts in less than one [...]
Markets in Turmoil. But let’s put this in perspective…Everybody take a deep breath… Year-To-Date, The Dow is now off 9.7%, the S&P is down 7.8%, the Nasdaq lower by 4.5% and the Russell is lower by 10%. Yes, it doesn’t feel very good, but it is not the end of the world. It may now [...]
Huge intraday reversal sends the Dow tumbling 600 pts! So let’s recap, the morning appeared to stabilize. US equity markets were bucking the global trend. The Dow rising 400+ pts by 10:50 am with the others in tow. It all seemed “OK.” The virus, while NOT under control the way some would have you believe, [...]
It was MORE - BANG! POW! BOOM! SMASH! KLONK! KAPOW! KRAACK! OUCH! US stocks got smashed again… By the end of the day, the Dow lost 880 pts or another 3.14%, the S&P gave back 98 pts or 3.03%, the Nasdaq shedding 255 pts or 2.77% and the Russell giving back 56 pts or 3.45%. [...]
Who remembers the Batman and Robin fight scenes from the late 60s and early 70s? BANG! POW! BOOM! SMASH! KLONK! KAPOW! KRAACK! OUCH! (click here to see what I’m talking about) That is what it was like yesterday as global markets came to terms with the latest news concerning the coronavirus. Markets got crushed, with [...]
Friday saw markets remain weak going into the weekend. There were increasing concerns over the spread of COVID19 and concerns about the upcoming Nevada caucuses on the back of a horrendous Democratic debate on Wednesday evening. How would Nevada go? Was Mikey Bloomberg wounded beyond repair? I mean he wasn’t even on the ballot, but [...]
Yesterday I brought up the whole Irrational Exuberance conversation, and if the surge in the market and certain names was getting to be a bit “out of control” causing some assets to form “blow off tops” (A: Yes). Guess what? It is irrational at the moment. Not that the market can’t go higher, it can [...]
“You know that it would be untrue, you know that I would be a liar, If I was to say to you, Girl, we couldn’t get much higher… Come on baby, light my fire, come on baby light my fire. Try to set the night on fire!!! The time to hesitate is through, no time [...]
Apple is unable to define the hit that it is about to take to the top and bottom lines (thanks to COVID19), sending all of the suppliers around the world down the drain. And with the Moody’s downgrade of China’s GDP and economy (thanks to COVID19) and the negative news surrounding HSBC, you would think [...]