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Google Finance It’s increasingly clear, isn’t it, that our supposed leaders in DC are incompetent, craven, and compromised. The debt deal, which they did with as much drama and little intelligence as possible, is just more evasion and kicking the can down the road. But no one is buying their pretend and extend game [...] Long-term value investors have been known to hold for as long as 2 minutes rather than 11 seconds. Any relation between this and the small investor instead running onto a casino floor in Vegas and throwing money in the air, are strictly spurious. The widely watched S&P 500 index not only failed to hold the 900 level yesterday, it also closed below its 50 and 200 moving averages, a highly bearish signal. The Dow and Nasdaq also got whacked. Trader Mike reads the tea leaves. I once asked a friend who has traded futures successfully if technical [...] Michael Santoli in Barron’s Final-hour surges and air pockets, common lately, unnerve the methodical investor. The apparent gaming of newly popular leveraged exchange-traded funds late in the day is another wrinkle… These funds always need to trade in the same direction of that day’s move. Knowing this, traders attempt to quantify and front-run this [...] If those now infamous shoots of [stock market] recovery are popping up all over, why would insiders be so aggressively dumping stocks? Yet, they indisputably are. According to a study prepared for Bloomberg by Washington Service, a research outfit, directors, officers and the like have sold $353 million worth of stock in this fading [...] Which is just what we had at market end today. 30 minutes before close, the market reversed sharply. This happens not infrequently (both ways.) Smells of manipulation to me. Don’t trust it. Jim Cramer on RealMoney (firewalled) You know what? I hate those phony rallies more than if the market were down as much as [...] I’ve followed money manager and financial commentator Doug Kass for quite a while. He’s plenty smart, savvy, and often takes gutsy moves in advance of the herd (like when he shorted Berkshire Hathaway early last year). Kass predicted the current decline long before most mainstream media did. He now says the stock market will [...] A report released earlier by Goldman thinkers Krag Gregory and John Marshall discussing volatility and options strategy, is recommending loading up the boat on S&P puts. Translation for those not familiar with puts and calls. If you buy puts on a stock or index, you make if it drops in value. Thus Goldman (and [...] The ISM number was the reason. It measures the service sector. Anything less than 50 signals contraction. Last month was it was 54.4. The expected number was 53. Instead, it was a devastating 44.6. The service sector contracted sharply and unexpectedly in just one month. This probably signals capitulation for stock market bulls who were [...] |  | ||||
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