Lack of hopeful economic data has made it difficult for the deeply oversold stock market to find a trigger for a meaningful and sustainable rebound. The Federal Reserve’s annual symposium inJackson Hole,Wyoming, always a closely watched event, was of extra interest to the financial markets this year. But Fed Chief Ben Bernanke’s vague speech on Friday revealed nothing that was not already heard in recent weeks.
Archive for the ‘stocks’ Category
Right now the stock market is in a fragile state. It just doesn’t know where it wants to go. The good news is that the price of oil and gasoline is falling so consumers will feel better about filling up at the pump.
My best guess so far is that the broad stock market indices can rally later in the fourth quarter. This is the traditional strong period for stocks. … Read More
I still remember Black Monday on October 19, 1987 as if it was yesterday when the DOW crashed. I had just graduated from business school and was training at my first job in the credit department of a large financial institution. The world of finance was exciting and I was ready.
It started like any other Monday, downing my third cup of coffee before the opening of the markets. But, … Read More
Gold has had an incredible run up since breaking above $600 in mid-April so the major sell-off that materialized on Monday should not have been a surprise, especially for those of you that study charts.
The price of the basis June gold on the COMEX plummeted $32.80 or 4.61% from the close of May 12 due largely to what I believe was technical selling resulting from an overextended market. Just … Read More
It really is tough trying to pick turnaround stocks. This strategy can be very profitable, but the investment risks are high.
The vast majority of individual investors want to buy shares in companies whose stock prices are very low. I guess it is human nature, but in my experience, most individual investors want to buy shares in companies with stock prices trading below $5 per share.
This is a valid … Read More