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Category Archives: Market Commentary

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 […]

Posted 17 January 2008 † Mike § Market Timing § Stock Market ‡ Comments (0) ° Tagged: , , , ,

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 […]

Posted 09 January 2008 † Mike § Stock Market ‡ Comments (0) ° Tagged:

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 […]

Posted 04 January 2008 † Mike § Stock Market ‡ Comments (0) °

Fed Cuts Rates, Market Drops

Think you got it figured out yet? Right..
After climbing all week based on the expectation of the Federal Reserve cutting rates, the stock markets dropped like a rock today after the Fed did exactly what was expected. They cut the federal funds rate to 4.25 percent from 4.50 percent and also cut the discount rate […]

Posted 11 December 2007 † Mike § Federal Reserve ‡ Comments (0) ° Tagged: ,

Getting Started

Following up from my old weblog, I’m still fully invested in cash (VMMXX) in all of my portfolios, and still waiting for the stock market to fall.
I’ve been anticipating a stock market crash and economic recession for a while now based on the inverted yield curve theory, and have predicted that it will occur […]

Posted 23 November 2007 † Mike § The Economy ‡ Comments (0) ° Tagged: ,