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Richard Russell: The Verdict Is In – It’s a Bear
Source: Richard Russell, Dow Theory Letters
The verdict, at long last, is in. Today the D-J Industrial Average closed below its November 20 bear market low. In so doing, the Dow confirmed the prior breakdown of the Transportation Average. The two Averages jointly closed at new lows today, thereby signaling that the great bear market remains in force.
According to Dow Theory, neither the duration nor the extent of a bear market can be predicted in advance. However there are some useful hints. Most major bear markets end with stocks at "great values" or as some Dow Theorists put it, "below known values."…
23Feb2009 | The Gold Report | 0 comments | ContinuedOptions Trading: How to leverage market volatility into profits
When trading options, the key to winning speculation is to risk as little money as possible to make the biggest return. And that perfectly describes the opportunity I’ll be presenting you today.
For starters, let’s look at the stock movements of some of the top mortgage lenders. On July 10th 2007, Fannie Mae (FNM – NYSE) closed at $66.49. Today it trades for $34.34, good for a 50% loss.
Also on July 10th 2007, Countrywide Financial (CFC – NYSE) closed at $37.34. A week ago, it traded for $5.01, marking an 87% loss.
In short, two of the biggest mortgage lenders…
12Feb2008 | Anonymous | Comments Off | Continued
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