Blog
Blago and Bernie
December 15, 2008
Good morning. We actually had an inside week for the market last week, with the SPY down only about a point on the week. The VIX (volatility calculation for the S&P 500) was also down around four points on the week, still closing at a very historically elevated 54.28.
Technical Difficulties
December 8, 2008
Hello. I am writing a day later than usual due to technical difficulties. It turns out that power surges are very bad for old monitors with transformers, even with power strips intact. Look at the bright side, armed with new monitors we can talk about yesterday’s rally. Pretty serious rally, it has now carried the market up 22% from the SPY market low of $74.34 on November 21 to $91 yesterday.
The real answer is that the “answer” varies by investor.
December 1, 2008
Good morning. I hope everyone survived the Thanksgiving Holiday and was able to do whatever shopping was necessary without any undo problems, like being trampled. The question now is whether the wait in line for the once-in-a-lifetime bargain produced a prize to be kept or sold on Ebay for a profit.
Stocks & Jocks taken off the air on WSCR…
November 28, 2008
Good morning! Where do I start? Since the last time I have written Jon and I have been removed from the radio show on WSCR, the market has declined to levels that would indicate that the upcoming recession will be longer and deeper than anyone imagined, we have a new government forming by the day, investors are nervous, and a lot of people have lost enough money to cause serious life-style revisions going forward. Nothing seems remotely positive on that list, other than everyone is “hoping” the new administration has more imagination and more feel for regular people than the last. They sure will need it.