Blog Archives
The Corporation: A Portrait of Dysfunction
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.
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.