Making money in stocks is easy but Wall Street tricks you into thinking its hard and that you need to pay someone to do it for you. We now know that buy, hold and pray doesn’t work. The ONLY reason to buy a stock is to sell it at a higher price. [...]
Gold is well on its way to $ $1300 an ounce. It may take some backing and filling, but demand is strong and steady even at these prices. See my article on September 2 which talked about the divergence between gold and regular stocks.
Anand (9/27) : I can’t help but be nervous about this rally which is up 50% from the March lows. The price action an breadth has been astounding, but some danger signs still exist. The Chinese market is still consolidating and sitting on the 50 day moving average. RIMM ( a market leader) dumped 17% on Friday on massive volume. BRCM is breaking down on increasing volume. The Dow, Naz, and the Banking Index are all doing fine however, so we need to give the market the benefit of the doubt, even mine!!
Another exciting week of trading comes to an end. For those of you who have been following regularly, almost all the stocks I mentioned in this month’s featured stock analysis closed higher from when I first covered them. This includes Pier One @ $2.78 (NYSE: PIR), Maguire Properties @ $1.33 (NYSE: MPG), CDC Corp @ $2.44 (NASDAQ: CHINA), ZIX Corp @ $2.18 (NASDAQ: ZIXI), E*Trade @ $1.66 (NASDAQ: ETFC), MGM Mirage @ $9.41 (NYSE: MGM), and NCTY @ $7.54 (NASDAQ: NCTY) [...]
I want to take step back and talk about the very basics. Investing is one means to wealth preservation but savings and spending is yet another. Whatever your circumstance I can think of several cardinal steps in order of priority that must be part of your personal financial plan. [...]
Today’s market activity was mainly driven by the Jobs report — which contained good and bad news. Good news being that employers cut less jobs than expected, 216,000 vs the analyst expectations of 225,000. That’s actually great news for the market because as we all know, the market looks ahead. The report suggests that we could see improvement in the labor markets soon [...]
Something significant is happening today, namely gold and silver mining stocks are diverging away from the rest of the market. In fact, mining stocks are up as of this writing around 5-6% ON AVERAGE! today while the rest of the market is flat to negative. This divergence means that something important is in the offing. [...]
It looks as though the rally from the March lows have stalled a bit over the last few weeks and the action yesterday looks like distribution, particularly in financials. The market could see another 5-10% downside and then come back to new highs by year’s end. There is one caveat though and a few numbers [...]
Today was a completely brutal day for the stock market. Particularly financials, they were hit the hardest. It’s interesting to see how psychology plays such a big role in the stock market. The ISM and Home Sales reports came out today — both better than expected. You’d expect stocks to rise because there’s more evidence that the economy is improving. Not so! [...]
More on this later, but China cracked on Friday and the US and other “developed” markets including the US followed suit today. Shanghai has been the leader in the bear market rally from the March low, and it has been down over 20% in four consecutive weekly losses. This bodes ill for the US — [...]
