Archive for October 2008

More Progress

Todays market action should be the confirmation that the stock market has found some roots.  The 940 to 1060 range in the S&P will continue as the trading range.  We remain 65 percent long in out aggressive portfolio and 25…Continue Reading →

Good Progress

Yesterdays action as well as the close over 940 is a good first step technically for the market.  We need more indicators to fall in place before getting more involved. Posiotions are unchanged.  8:23 AM CDT

Market’s Verdict

Yesterdays test points out that Friday’s low was not the bottom, but a bottom.  For now we are content to wait for: 1) more earnings numbers, and 2) the bailout package to be put int action.  When the market moves beyond…Continue Reading →

Test Day

Today will provide vital information on the direction of the market over the next 30 days.  Technically if the market can maintain a range above Fridays high, 937 on the S&P,  it should be ok for an eventual test of…Continue Reading →

The Market Needs to Work it out

The market started to crawl into a panic hole at S&P 1100 last week, 150 points above where closed last Friday.  We are going to let it work it’s way out.  Our positions remain as stated on Friday.  This may…Continue Reading →

Solutions-Step 1

The Woman Who Could Have Prevented This Financial Mess Was Silenced by Greenspan, Rubin and SummersBy Katrina vanden Heuvel, TheNation.com. Posted October 11, 2008. “Break the Glass” was the code-name high-level Treasury Department figures gave the $700 billion bailout; it…Continue Reading →