Stock Market Outlook: Holding pattern until the Fall!
The Meaning of the Dow Jones Industrial Average
Mickey writes in:
In the last week, the Dow Jones Industrial average closed at a thirteen month high and, at the same time, unemployment hit double digits for the first time since the early eighties. I thought that the Dow Jones was supposed to represent how the economy was doing, but that’s... Continue Reading
Submitted ByTrader Mark
Aside from E-House Holdings (EJ) which completely fell flat on its face, one of the best earnings reports of the past few weeks was Ctrip.com (CTRP). Unlike EJ, the stock gapped up after earnings and tacked on a bushel of points. Today the stock has come back and filled it's "gap" in...
Submitted ByTrader Mark
Hat tip to Paul Kedrosky for this eye opening chart. The source data can be found here but as they say a picture is worth a thousand words; clearly there is a localized depression in the metro Detroit area.
[click to enlarge]...
Submitted ByRichard Wilson
Free Hedge Fund Resources
We gave away around 10,000 copies of our e-book before we started tracking the downloads, and since tracking started we have had 60,000 downloads of the Hedge Fund Blog Book...
Submitted ByTrader Mark
Below is a guest post, reprinted with permission of author Vitaliy Katsenelson who writes often at Minyanville.com. I don't have as much time to read the site as I used to, but he is definitely one of the more thought provoking writers at the site.
If you are new to FMMF, I wanted to...
Submitted ByTrader Mark
All eyes microchips seem pointed at S&P 1100. As we wrote Monday during the morning surge:
I hate to use the word "resistance" anymore since all resistance has been futile so maybe we'll use "resting point" from now on. I'll start looking at the next "resting point" for the...
Submitted ByTrader Mark
I emailed the the originator of this list, Eddy Elfenbein of Crossing Wall Street, to see what his parameters for "Top Stocks of the Decade" were and there was but one:
The universe was any stock traded on a US exchange that had a price of at least 50 cents on 12/31/99. ...
Submitted ByTrader Mark
I see a lot of extended charts out there as we move into what seems like day 82 of consecutive upside, along with some bond fide breakouts. While we should only be so lucky to catch another Potash (POT), one chart that caught my eye last night was Freeport McMoran Copper & Gold (FCX)...
Submitted ByTrader Mark
Much like Hugh Hendry, I can watch to Marc Faber videos all day even if I did not agree with a thing either fellow said. They just have an entertaining spectacle about them. Hence we must devote 1 post a month to Mr...
Submitted ByMichael Michaud
"World stocks in modest pullback as dollar flies"LONDON — World stocks fell modestly Tuesday . . . while the dollar rallied after the heads of the U.S. Federal Reserve and the European Central Bank attempted to talk the currency up. That was the opening paragraph of an Associated Press article...
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