CHESSNOID

The economy is crumbling and the Republican White House, the Democratic House and Senate, the US Treasury, and the Federal reserve are doing everything to continue to muck it up.  A mild  recession that was both forecasted and expected by many were made worse by all these organizations.  Unlimited deficit spending, artificially lowering rates, pumping [...]

October has been an insane month as far as the stock markets are concerned. Today we had our 2nd biggest day in gains of about 10% in the DOW, Nasdaq, and S&P 500.  Our 1st biggest day also came earlier this month.  Yet, we haven’t had 2 up days in a row.
Fundamentally, I personally don’t [...]

Today we had some more bad housing news.  This didn’t effect the market at all since it is expected.  The feds are about to cut rates and investors are loving that.  Will this help the economy? No, it won’t.  These actions are making the recession worse. The focus needs to be on the housing market.  [...]

Today was actually a great day for the stock markets.  Definitely more buyers than sellers.  We had one of these days earlier in the month, so it is hard to say if there will be substantial follow through.  Here are the numbers:

Dow

9,065.12
+889.35
(10.88%)

S&P 500

940.51
+91.59
(10.79%)

Nasdaq

1,649.47
+143.57
(9.53%)

You know I missed this rally today since I am all cash, but [...]