Do not believe today’s rally
We refuse to believe that this is a positive rally. With the DOW opening up almost 192 points, we believe the selling occuring today is a wind down of the marets. Yes, the stock have rallied this morning but there is a slew of bad news on its way. Lehman, Morgan, etc… When the dust […]
Dow Jones Down 272 before market open
Dow Jones Down 272 before market open
Did I mention that we have 11 hours before the opening?
More goods news to come… How big will the cut be this morning?
Why Bear Stearns Purchase is made before markets open
So why was the 5th largest investment bank purchased before markets open?
The Federal Reserve is willing to back JP Morgan for the tune of $30 billion before markets open because they do not did not want Bear to open on Monday morning. Let’s do everything we can to avoid Bear Stearns from sinking to $2 […]
Bear Stearns now at $2 a share !
BSC (BEAR STEARNS COS THE)
30.00 -27.00 (-47.37%) Mar 14 4:01pm ET
Open:
54.24
High:
57.00
Low:
26.85
Volume:
186,986,843
Avg Vol:
11,937,000
Mkt Cap:
3.54B
Let’s say for example Bear Stearns is trading at 30 on Friday, worth 3.54 billion on Friday then is sold over the weekend for $234 million. The stock is now worth $2 a share !!! Huge Hit !
The news of this alone will be devastating on the front […]
Gold up $37.60
Dow down 208 at 6:45 PM
The Coming of Black Monday 3/17/2008
It’s 6:30 PM on Sunday night and the Nikkei is down 3%, the dow futures show down 192, and the nasdaq futures down 35 !! The Asian markets are just now reacting to the Bear Stern news. What will the Fed do? A huge rate cute and gold spikes $100? Well.. Gold is already up […]
Gold hits $992 - Wow - What a run !
METALS STOCKS
Gold hits record high of $992 as dollar tumbles
Platinum also surges to record high of $2,245 an ounce; other metals gain
By Polya Lesova, MarketWatch
Last update: 4:16 p.m. EST March 3, 2008
Print […]
Inlfation fears continue.. Gold up big to all time highs
I believe gold was at $860 a few weeks ago when another shoe dropped. The volume was huge suggesting we will see a bounce if we hit any where near these levels. Go Gold !