As if we didn’t know this was coming, Italy was downgraded a notch tonight that took the futures down hard. We’ll see how things shape in the am but I suspect more selling will come as fear’s grip on Europe and the rest of the world clutches even tighter. Whether Greece, Italy, Spain, Portugal or…
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Let’s all agree on something – the market is always right. Therefore, a five day rally is meaningful, right? After all, markets had not seen such positive a move since late June. But then, the markets unraveled. All the problems of Europe are gone now – poof! Just like magic, snap of a finger Greece…
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If you don’t get on the field and play then you will be missing out. Michael Schenker On a day/week such as we are having you are either happy or sad. Happy if you are long and have skin in the game, sad if you missed out or were on the wrong side of…
DetailsJill brings us a good article about the latest happenings in Euroland. She points out that Germany is the only solvent country who can provide solutions, I suspect carrying that burden has become rather intense. Honest assessments are the best way for us to make decisions, and while the euros seem to come up with…
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Tim Collins of tangletrade.com sent me an article about his 9/11 moment. I know many of us have them and as we remember those who were lost on this 10th anniversary of that tragic day, I wanted to share Tim’s experience with you. It is certainly a chilling tale as he reminds us how our…
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Volatility was kicked up a notch during this short trading week as more uncertainties are uncovered and more ‘can kicking’ is contemplated. The beginning of the week saw the markets start deep in the hole but managing to dig out late Tuesday and have a robust rally Wednesday, but then slump again to end the…
DetailsJill from Nakedtrader.com brings us some sobering stats. I’ve followed the misery index for years and while we are certainly not in the neighborhood of the late 70’s we are certainly feeling it. The inflation component may not be a big issue yet but certainly unemployment is a major concern. The comparisons to other countries…
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President Obama is talking for a second time in six weeks about doing something bold, but maybe ‘going big’ is not the best answer. This week our President plans to put forth a plan for job growth and all indications are that he will do something unprecedented. Recall in July he tried to play ball…
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When I listened to Labor Secretary Hilda Solis talk about the jobs report and labor market I was aghast. She talked about how the government has done everything it could to create jobs. Ok, you’re telling that to millions of Americans who are suffering to make ends meet. And then signing off she wished everyone…
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There was so much about August that was bad but then again the trading really made a difference for those who were nimble. Let’s see now: debt ceiling, debt downgrade, multiple issues in Europe, the Fed and Bernanke…let’s throw in an economic slowdown and you have the ingredients for volatility. Too much uncertainty and the…
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