I think there is some bargain hunting out there since stocks are pretty cheap. I also think that things are very volatile.

The U.S. stock market had another extremely volatile trading day again yesterday. The Dow swung in a range of 700 points, initially dropping by almost 300 points, before posting a gain [...]

Stocks in North America started the day in red with the announcement of an unexpectedly big drop in September retail sales (down 1.2%) and ‘weak’ purchasing data. These quickly sold down even more after Federal Reserve Chairman (Fed Chair) Ben Bernanke’s remarks in the afternoon. They finished the day with their largest percentage losses since [...]

Mr. Harper has won another Canadian federal election.  The Conservative party added 19 seats but fell short of the required 155 seats to form a majority government by 10 seats.  The Liberal party lost the most seats and lost ground in the popular vote.  Election coverage on CBC featured Rick Mercer but I felt they [...]

The relief rally is here and it arrived with conviction!

This past weekend the finance ministers of the G-7 central banks gathered in order to resolve the current financial crisis. A lack of information regarding the resolution of the financial crisis, the frozen credit market and potentially more bankruptcies has pushed stock markets [...]

Capitulation Squared is equal to SELL!

We have reached the panic stage and investors just want to sell. Fundamentals are being completed ignored and are no longer relevant to making good investment decisions. Investors are “indiscriminately” selling because of margin calls, risk aversion, funding redemptions and fear which just keeps the selling feeding [...]

Capitulation!

The stars in the galaxy have been misaligned and nothing is working in any rational fashion or even a resemblance of a rational fashion.  What we are seeing and experiencing is just absolutely mind blowing and we need the leadership of the Central Banks to ‘stand up’ and lead!  The Central Bank finance [...]

Nobody alive today can remember a time in capital markets like this. This is just painful. It’s a disaster but we must go on!  We must persist and prosper once again!

The Dow is below 9,000 (actually below 8,600). This is the first time since the spring of 2003 but that was over 5 years [...]

On October 9, 2007, one year ago to the day, the Dow Jones Industrial Average (Dow) hit an all time high of 14,164.53. Yesterday, the Dow hit 9,258.10, a drop of 34.6%.  It will be a long road ahead to recovery, however, you have to recognize that the financial world has been put upside down [...]

Initial optimism quickly turned into further pessimism as investors feared that coordinated rate cuts by global central banks would fail to unfreeze the credit markets and avoid a global recession. Stock markets are down slightly less than 2% in the U.S., more than 4 to 5% in Europe and 7%+ in Asia and the [...]

Central Banks, globally, need to understand that the perspicuous and persistent decline in stock markets will not assist in their efforts to unfreeze the credit markets.  Financial institutions need to start lending to each other, to businesses and to consumers. They need to rebuild trust in the system.

With a lack of details around [...]