OUCH!
This has to be one of the ugliest things I’ve seen in quite some time. Fannie is down to 13.20 today and Freddie has fallen all the way down to 8.00. It’s just nasty. If these two agencies get into too much more trouble, it is going to be a major problem for [...]
Today was a crappy day for the market! The dow dropped 358 points and it’s pretty nasty out there. The march bottoms have been broken and it’s anyones guess what is going to happen next. I had a few option positions that I was investigating; however, with the recent market action I’m going to hold [...]
Well, the fed is meeting again shortly, and it appears that they are going to hold the fed funds rate at its current levels. While I’m personally happy they are doing this (I have a floating rate HELOC), I’m not sure this is the best policy given our current ecnomic difficulties.
I am not a fan [...]
It’s been a while since I posted anything to the site. My life has been extremely busy with family, job and a number of other things. I’ve been very quite on the investing front as a result of this.
We are currently in very difficult times in the markets. They are moving dramatically [...]
Just a post to say that I haven’t fallen off the face of the earth. With no open positions right now, I haven’t been blogging much about the markets. Right now I don’t have anything that I’m horribly interested in opening. I’ve looking through the option chains and as soon as I find something, I’ll [...]
Well there you go. Big Ben & Co. dropped the rate another 50 basis points this week. That’s 125 basis points in 8 days!
I fully expected this rate cut, and the markets seemed to expect it as well. As the week continued to progress, the market continued to respond nicely - even ending [...]
75 basis point cut, 650+ day movement on the DJI, sectors soaring and falling like rocks… It has been a wild ride. Click in to read about the week that was, and what I think will happen over the course of 2008.
Big Ben and Co. cut the federal funds rate by 75 basis points this morning. That seemed to help soften the blow to the U.S. markets as they have mostly faded the opening gap.
Right now I have a very, very heavy cash position. In my long term (read: retirement) accounts, I am still continuing to [...]
If Ben & Co. don’t do something before the opening tomorrow, it looks like it is going to be one of the roughest ones we’ve seen in a long, long time.
World markets have tanked overnight and its looking like a dreary Tuesday is setting up. So what do to? Well, huge falls in the market [...]
Wow! Today was a wicked day in the markets. Things are looking very, very bearish. I’m not quite sure what is going on in the market place right now. The fed seems to be taking much to long to take action, and things are looking really, really ugly.
I’m happily out of my posted RUT trade [...]
