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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 | ContinuedAnyone for a Little Chinese Stimulation?
The Chinese decided last week that they weren’t going to be outdone by anybody. If the Western world with all its governments and central Banks and World Banks and IMFs were willing to throw money at teetering businesses, then China would do the same. “Money’s no object,” rose the cry from Beijing. “Let the Yuan fly! We’ll show the Americans! Anything you can do, we…”
And so it went. The communists stole a play from the capitalists who stole a play from the communists. But when the plan was revealed, it actually proved a doozy: the Chinese were pledging relatively more…
12Nov2008 | Oxbury Research | Comments Off | 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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