Tag stock market

A fake rally is worse than none at all

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?…

Doug Kass calls a stock market bottom

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…

It’s cratering time!

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…

Stock market down big today

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…