Archive for October, 2008

Equities are Headed Lower into the Election

Monday, October 27th, 2008

UPDATE:  28 October 2008,  3PM Central.  Well That was wrong.  Stocks broke out the TOP of the wedge rather than breaking out the bottom and falling through the table.  Never fight the Fed.  The Fed is expected to set rates at or below 1% tomorrow afternoon.  Of course this in itself is nearly unprecedented; for […]

Imperial American Politics

Thursday, October 23rd, 2008

People have to make judgments and they also have limited time to do so.  This probably explains why so many Americans are content and even eager to see the same rubes return to positions of authority, or their children or siblings or spouses.  The latest example is of course Vladimir – er – Michael Bloomberg.  […]

Where Will The Market Debacle Stop: Update

Monday, October 13th, 2008

Fridays trade had all the earmarks of a bottom. At the beginning of the day I felt strongly that the bottom would be seen that day. However the trade on Friday felt engineered. It had all the technical aspects one would look for; heavy volume, started strongly down, wild volatility, spike in the vix to […]

Where Will The Market Debacle Stop?

Thursday, October 9th, 2008

Two weeks ago (Sept. 26) the Dow Jones Industrial Average hit a high of 11,168.10.  As of Tonight (Thurs. Oct 9) it closed at its low of 8579.19, down 23% in nine trading sessions.  That is a crash. The S&P 500 Dropped from a high of 1215.77 on the 26th to a low of 909.19 […]

Buh Bye Sweet Lou

Sunday, October 5th, 2008

If I were the General Manager of the Cubs, the first thing I would do is thank Lou for a great season and give him his walking papers.  He is right that the offense performed dismally.  But he did not have the right guys on the field.  The stellar center fielder, Reed Johnson , did […]

The Cubs ARE Cursed

Thursday, October 2nd, 2008

Apparently Lou Piniella has been possessed by whatever demon has cursed the Cubs.  Why else would he choose to start the faltering Jim Edmonds in BOTH of the first two games of the NLDS against the Dodgers?  To prove that he is a great season manager, but is NOT a great playoff manager? Had he […]