Heading into the open the NASDAQ and S&P 500 are both down 2.3%, and are set to open at fresh 52 week lows. (9:31 AM Update: The NASDAQ opened down 2% and the S&P 500 opened down 1.6%)
This comes at a time when Bear Stearns was bought for $2 a share by JP Morgan and [...]
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The market this week has its hands full. Bear Stearns (BSC) reports earnings tomorrow after the bell (read up on the Bear Stearns Bailout), and the Feds are expected to drop interest rates by up to a full point on Tuesday.
The NASDAQ and S&P 500 both closed Friday within 2% of their 52 week lows. [...]
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They say it isn’t over until the fat lady sings, and the fat lady has sung. The Nasdaq just bottomed at 2205 after trading as high as 2277 with a report that Bear Stearns ran out of liquidity “temporarily”.
This confirms speculation throughout this week that Bear Stearns was having liquidity problems, and has put a [...]
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CPI reports came out mildest in 6 months with an overall 0% change month over month. Get ready for a The market has opened to the upside, but is down overall from pre-market highs.
Today is an important day as you probably saw from the chart of the NASDAQ I posted last night. I break above [...]
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It is 11:06 PM and I just walked in the door without dinner in my stomach. Thus, tonight I am sacrificing a full Nightly Stock Picks post in exchange for a quick post and food.
Getting straight to the point, I think this rally may be out of steam. The market direction tomorrow will be determined [...]
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With the market rallying 4% yesterday it is very easy to become bullish and think the market has bottomed. The facts though tell a different story.
When it comes to the stature of our economy, absolutely nothing has changed since yesterday besides a gov plan to add another $200 billion back into our system. The market [...]
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                 A trading range is a finicky beast. At first glance the boundaries appear reasonable. You know when to buy, when to sell and watch as prices fluctuate in a range. Then, without notice, things change. The predetermined range is gone and we are left guessing about how far prices must move before equilibrium is [...]
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The theme of last night’s Stock Picks was finding stocks that if the market rebounded would perfrom well. I hope you read the post, because this morning the indices have gapped 2%+ across the board.
Most of my picks have already seen big opens:
AKS, +3.5%
GOLD, +5.2%
DRYS, +8%
CLF, +6.5%
CRZO, +2.4%
Being smart is better then being right, [...]
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