Online Stock Trading

Longs beware; Stocks slide further on Sub-prime and consumer credit worries

Today’s action is the reason why going long in this type of a market is pure gambling.  Credit fears will continue in this market, reasoning will always be overshadowed by emotion.  Its best to stand aside and let the market work itself out rather than trying to find “bargains.”  The stock market is not a […]

Is the Bull run over?

Stocks rose throughout the morning as Federal Reserve banks continued to pump liquidity into the market with hopes of squashing fears of a massive credit crunch.  Overnight lending rates before the injection Monday were see as high as 60-80bps higher than the Fed Funds rate of 5.25%.  Good ole fashion fear in the overnight lending […]

Articles with your morning cup of coffee

Investors to Face Data on Inflation - AP
U.S. Homeowner Woes Felt Around World - AP
Venezuela’s Chavez says oil headed for $100 barrel - Reuters
Cracks may appear in Manhattan apartment market - Reuters
In wake of the storm, value - MarketWatch.
Brokerages Face Perfect Storm Of Subprime And Buyout Woes - Investors.com
Japan’s quarter-to-quarter GDP growth slows to 0.1% […]

Fed’s inject cash into the Sub-prime mess, did it save the day or does the Storm continue to brew?

Friday’s action in the Dow left us with the market being in a correction.  The index’s lows were breached therefore killing this market rallly.  Throughout the day, banks received cash injections from the Federal Reserve to curb the impact sub-prime loan defaults.  However, by the end of the day we ended right where we started.
Again, […]

Federal Deficit falling faster than expected

The Federal Deficit fell to 157.3 billion dollars for this year, sharply lower than last years 239.6 billion dollar deficit for the same period.  Even more interesting the CBO is predicting that the Federal Deficit will be toward the lower end of their estimate.  Supply side economics at its best, tax something less and you […]

Global fear of US Sub-prime Meltdown sends stocks lower

News coming from France’s BNP Paribas suspending 3 of its funds tied to Sub-Prime mortgage loans added more fuel to the Sub-Prime fire.  Late day panic selling occurred sending a message that this market is VERY fearful of a meltdown in the US credit markets.  I’ve been saying this consistantly that this market will not […]

Rumor hits the street, cools a HOT day in stocks

Stocks soared for the better part of the day yesterday as earnings out of CSCO helped boost morale at the NASDAQ.  With technology leading the way stocks were poised to finish the session on the highs.  Sometime after 2pm rumors of GS after-market negative news, spread like wild fire from trading desk to desk.  Fear […]

Market action gets wild after FOMC announcement, ends higher on whacky trade

Mr. Bernanke and company left rates unchanged and positioned themselves to be able to handle a rate cut and a possible bail out of the subprime lenders.  Today’s action from beginning to end was pretty bullish.  We saw the IBD 100 index, an index of leading stocks was up better than 2%, a sign of […]

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