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Current State of the Market….Welcome to September!

Welcome to September!  The meteorological calendar suggests that summer is now over, but given the weather this summer, most of us are probably interested in when summer will begin! More ominously, as many of you have likely heard, September is historically the worst month for the stock market.  Crashes usually occur in October, but they […]

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What to do with this rally?

Unless you stopped watching the news during the agonizing bear market, and haven’t yet turned it back on, you probably know that stocks have recovered quite nicely since hitting an intraday low on March 6, at 666 for the S&P 500 (mark of the bears, or of the Beast?).  The next trading day, March 9, […]

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Welcome to the 2007 Recession

You might have noticed a lot of haranguing lately in the media about “recessionary concerns.”  In September and October, it seemed everyday we were confronted with headlines such as “Market drops 777 points on fears of possible recession.”  As logical as this might sound, we were convinced that the recession probably started long ago, and […]

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Temporary Insanity

While we wonder whether the market has completely lost its mind, or is merely temporarily insane, we look to some of our favorite quantitative indicators for some degree of comfort. One word of caution, as always:  nothing, even the best-looking numbers ever, can tell us when the malaise in the market will end.  These should […]

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Is Today the Day?

Good question.  You didn’t honestly think we’re going to call the bottom right now, did you? We posted some charts late Monday (which, despite the market continuing to drop, are still valid), and we have another today.  This is a technical chart, so take it with a grain of salt, showing how much the market […]

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Someone’s got a case of the Mondays…

It recently occurred to us that Mondays have been especially bad in the market lately, so we decided to see if this was true.  As it turns out, it is!  Since July 1, the S&P 500 has lost 17%.  Mondays since then have been responsible for a loss in market value of 27%!!!  That’s an […]

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Market Update

As you are likely aware, Wall Street has been undergoing shock therapy in the last couple weeks.  From the failure of Lehman Brothers, to the emergency loan for AIG, to the Treasury’s proposal to spend upwards of $700 billion to buy troubled financial assets, last week was an unprecedented week for the U.S. financial system.  […]

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Manhunt Over…Crude Villains Found

Everywhere we go, we come ready to talk about the economy, interest rates, the stock market, and bank stocks (more on them coming soon).  But all people ask us lately is who’s to blame for gas prices, and when are they going to come down?  Not that it’s an unimportant subject.  Oil definitely affects consumer […]

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National City’s “Buyout”

Today, National City announced its long-awaited plan to attract new equity capital, in order to shore up its balance sheet, which had been racked by large loan writeoffs.  Investors are putting $7 billion into National City in the form of new shares, at a price of $5 per share.  These investors are being led by […]

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