Stocks “plunged” yesterday led by financials, energy and materials, as a frantic “flight” from risk or from this bear market prompted investors to sell now and ask questions later!
Deepening economic fears drove the Toronto Stock Exchange down by 8% and the Standard & Poor’s 500 index to the lowest level since the spring of [...]

We are experiencing a total collapse of trust and confidence in everything fundamental and rational.  We are taking ourselves off the ledge.  There are no buyers or investors in sight (or at least it doesn’t feel that what way).  We are making history and this will be a year that will go down in history.

Stocks [...]

Stocks are sinking this afternoon as indices are sliding below their 2003 levels as stocks are down about 3.5 to 5.0%.   Growing concern over the fate of the car industry and economic data signaling the recession is deepening or getting worse is pushing stocks down.  Sustained deflation (lower prices) is a concern as consumers “hold [...]

If you are an arbitrage trader (trading without risk) you always want to “buy cheap and sell dear” in order to generate a profit.  Equity investing is not risk free but many investors agree on two things: 1) stocks are cheap; and 2) they might get cheaper since “buyers” are on strike.

Yesterday we [...]

One step forward and two steps back.

More than $31 trillion has been erased from the value of global equity markets as write downs and credit losses have topped $965 billion $U.S.  This is the worst financial crisis since the Great Depression.  The Standard & Poor’s 500 Index has slumped by 42% this year - the [...]

I was out in British Columbia last week and thus, I wasn’t able to keep up with my daily little “rant” which I regret. I will attempt to provide more content this week and increase the frequency in order to provide more relevant information sooner. I want to catch-up a little bit [...]

On Friday we saw stock markets advance and snap a big two day losing streak. Although, unemployment in the United States inched up to 6.5% (14 year high), stocks still advanced because they are currently perceived as a bargain. As mentioned previously, all the economic factors are “pretty bleak” but stock markets are [...]

The bear market is “hanging tough” but it will be defeated at some point.

Stocks sold off yesterday for a 2nd day.  U.S stocks dropped by 4.85% to 5.00+% and while Canadian stocks did a little better, this is the worst two day slide since October 1987 (October 2008 was pretty bad as well) and stocks [...]

Stocks slumped yesterday as a new “batch of bleak” economic data underscored the massive challenges facing the economy (and the new president).  The drop on Wall Street is the biggest drop the day after a presidential election ever.  This drop materialized the day after the biggest Election Day rally on record for Wall Street.

Selling hit [...]

Stocks rose in the biggest Election Day rally ever yesterday, as investors looked forward to the end of the uncertainty surrounding the long fight for Capital Hill. This was exceptional because Election Day was a stock market holiday before 1984, according to Standard & Poor’s.

Democrat Barack Obama defeated Republican John McCain and made history [...]