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As we gear up for what promises to be a very busy day of trading today, let’s take a break for a couple of minutes and discuss a side effect of this ongoing financial crisis which is going to affect traders- particularly day traders- directly. A few weeks ago, I wrote a piece about the trader...

One quick correction...under TRMG on the stock watch list, the symbol should be "HUBG." Sorry about the wrong symbol.

On Tuesday September 30, 2008, I wrote this: “ It is indisputable simply by studying the numbers that a bank run at Wachovia (WB) as a simple example that the system is in trouble. WB has $300 billion in loans, $53 billion in debt, and an estimated $42 billion in losses on the loans. The FDIC...

I am not sure what you mean. I just re-read that three times. I gave the examples of the healthcare industry sector, airline sector, and newspaper sector all having individualized worries in the last few days, i.e. those were the biggest losers based on the news of the day. For instance...

Sorry if I wasn't clear. Supposedly, there is a committee in Congress discussing the abolishment/abatement/halting of M2M for a period of time. Let's say that details begin leaking out as to what may/may not happen, it would cause stocks to vacillate wildly. So, I have no clue what will/will...

Once upon a time not very long ago, the term ‘sector rotation’ meant something entirely different than it did now. It used to mean a simple transitioning of money between groups of equities…into tech out of financials or out of speculative stocks and into conservative stocks. Now, it has...

Let’s take a second out away from the banking crisis and political dominos falling to discuss something near and dear to all of us- why if oil prices continue to decline (or at last not rally sharply) are gas prices notching higher? For instance, two weeks ago today, crude oil had its lowest...

On Friday, after many reiterations that it was not going to happen from CEO Jeff Immelt, General Electric (GE) cut its dividend on Friday massively- in a move that will save the company approximately $9 billion in dividend payouts. In fact, Immelt put his money where his mouth was in buying...

Early Friday morning, the U.S. government announced that it is going to boost its ownership of Citicorp to as much as 36% which would allow the company access to more capital yet enable the Feds to take on far more control of the damaged banking scion. As part of the deal, the government will...

I have absolutely zero incentive to increase traffic here. As I keep saying, a friend of mine told me to post here because he thought I may be of help. That is all. Furthermore, if I wanted people to put "me too" messages on this thread, don't you think it's more than a little obvious to have...

(I apologize this is going out now rather than an hour ago...my Microsoft Word went haywire for G-d knows what reason) The best performing sector in the S&P 500 in the last week has been the banking sector. How good has it been? The performance of the banking stocks was the best over a five...

Yesterday, stocks took a big dip followed by a sharp upturn following the news of regulators setting a six-month deadline for the largest 19 banks to raise any new capital that they deem necessary following a review of the balance sheets of each of these banks. According to the U.S. Treasury...

In this era of negativity, particularly amidst the gains of yesterday, here are a few positive signs which hopefully maybe perhaps indicate that the pace of the economy’s decline is at least slowing if not gradually coming to an end- should of course the banking crisis pass without further...

I was utterly completely wrong yesterday at the conclusion of the blog piece (or at least, I hope I was simply early). The market had an amazingly decent showing on Friday considering the plethora of bad news out there and it appeared things were going to be Ok- at least ephemerally yesterday...

An article on Forbes.Com penned by economist Nouriel Roubini aka ‘Dr. Doom’ posits an idea that few of us dare mention. Is it possible that the entire concept of laissez-faire capitalism has failed? The latest data on 3rd growth GDP performance indicates a decline of 6% in the euro zone, 12%...

One of the top questions people ask me is this: “when you look at charts, do you start the intra-day action for technical purposes at the 9:30AM official open or do you include pre and post hours trading on your charts?” The answer is two-fold. First, there old saw about those not learning...

Say it loud 10 times in a row (or longer until it sinks in): “One particularly bad/good trade especially when fluky has absolutely nothing to do with another.” Just because you have your worst trade of the week in, say, shorting something and a piece of good news comes out in destroying you-...

One of the more notable aspects of the stock market this year which has garnered ostensibly no discussion overall is the relative performance of the broader averages. Through Friday, the Dow is down about 9% this year, the S&P 500 has declined just under 8% yet the NASDAQ was actually higher for...

So what happened late yesterday afternoon? In a nutshell, Reuters reported that the Obama administration was attempting to create an entity which would subsidize mortgage payments for homeowners who are financially in trouble, but not delinquent yet. The programs that exist currently only...

A few weeks ago, I wrote a piece noting that Research In Motion (RIMM) put out a press release at 10:30PM in which they warned on their future earnings. Well, yesterday, they gave me fodder for another blog entry. This is the text of the RIMM release via PR Newswire: "WATERLOO, ONTARIO --...