Blog: All posts by Tom Haugh
On The Road Again
By Tom Haugh on February 17, 2009
Good morning. I will be on the road today speaking to some potential clients, so I will need to forgo the write-up for now.
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The Corporation: A Portrait of Dysfunction
By Tom Haugh on February 9, 2009
Good morning. We actually started the month of February with a solid advance, with the SPY up $4.15 (or 5%) on the week. This still leaves the SPY down around 3.6% for the year, but still a real advance cutting the losses for the year roughly in half. The VIX was down from 44.84 to 43.36 (3%) for the week, moving in the expected direction for an up week, but still hanging historically very high.
Trillions
By Tom Haugh on February 2, 2009
Good morning. Another week, another sell-off in the S&P. The good news is that the week was only down a little, about .3%, the bad news is that there was a 3.4% up day erased. The up day was caused by the announcement that the Obama administration was going to announce a so-called bad bank to take bad assets from struggling commercial banks, the subsequent sell-off was caused by glitches in that plan as well as increasing issues with the new stimulus package.
Who Will Guard the Guards?
By Tom Haugh on January 26, 2009
Good morning. Another week, another drop in the market. This time the SPY’s were down only from $85.06 to $83.11, or 2.2%. This actually represented a decent recovery from the huge sell-off of 5.3% on Inaugural Tuesday. It does seem, from watching the market, that there still are liquidations going on and any sort of rally is met with renewed selling pressure.
Who Do We Think We Are?
By Tom Haugh on January 19, 2009
Good morning. Another week and still no rally of any sort, not even a feeble Bear market rally. Given the action in Europe today (Dr. Martin Luther King’s birthday) I do not hold out a lot of positive hope for tomorrow’s market as well, even though it is Inauguration Day. It seems Royal Bank of Scotland, and others, still have issues.