March 22, 2010
Good morning. Last week the market was up fractionally, with the SPY up .51 to close at 115.97. That is still a spectacular move up from the gloomy days of last March, when on last March 19 the SPY closed at 78.94 (47% increase). It also is an interesting contrast to the VIX, which was down on the week to close at a low number of 16.96. That is down dramatically from the number last March 19 of 43.68 (61% drop).
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.