I’ve been watching Bear Stearns (BSC) ever since it subprime debacle last year, and after I gave my opinion in a discussion concerning it’s stock price. Since that time, BSC has continued on a downward trend.
However, I’ve noticed that this trend hasn’t always been without a lot of volatility. Regardless of the intrinsic value of [...]
Monthly Archives January 2008
Bear Stearns Beta
Technical Analysis
I’m not a big believer in using technical analysis to evaluate stocks. It personally seems like a lot of statistical hocus-pocus to me. But on the other hand, I can’t say that I’m very well-educated in it’s use.
A lot of day traders have been successful using technical analysis when buying or selling stocks. I’ve even [...]
Submitted For Your Approval
Oil reached the $100.00 mark, Gold nears the $900.00 level, Countrywide reports the highest level of foreclosures on record, and Goldman Sachs predicts a recession, which may have already arrived.
But yet, at 2pm, the market surges into the green. It’s incomprehensible. There’s only one reason I can find to justifiably explain this rally:
There is [...]
Welcome to 2008, OUCH!
Holy crap! It turned out to be a really rough first week for the stock market in 2008. According to Briefing.com’s Weekly Wrap:
Index
Started Week
Ended Week
Change
% Change
YTD
DJIA
13365.87
12800.18
-565.69
-4.2%
-3.5%
Nasdaq
2674.46
2504.65
-169.81
-6.3%
-5.6%
S&P 500
1478.49
1411.63
-66.86
-4.5%
-3.9%
Russell 2000
771.76
721.60
-50.16
-6.5%
-5.8%
So, is the market going to continue on its downward trend?
I believe we’ll get the answer to that question on Monday.
If bargain hunters swoop in to buy stocks [...]
2007 In Review
While only a point-in-time measurement, for all of 2007, the Dow (^DJI) was up 6.4%, the S&P 500 (^GPSC) rose 3.53% and the Nasdaq composite (^IXIC) was up 9.8%. Small cap stocks (^SML) wound up losing about 1% for the year, and so far, the overall downturn has continued into the new year.
I mention this [...]
I’m Back In Black!
Here we go again.. the markets took another big plunge today.
Perception plays a BIG role in the stock market and it seems investors have come to terms with the “R” word and are fleeing to (what’s now considered) safer investments.
But, this is all great news for bears (like me) who’ve been forecasting a recession for [...]