There’s still no leads to when this market is going to turn. Even after better than expected quarterly earnings, economic concerns still hounds the market.
The local market continued to go down as it follow the world markets, driven by fear and liquidation by international and local funds as they move from equities to bonds.
I don’t [...]

Fear is still in the US market even after 3M and Apple, Inc. posted better than expected earnings for the last quarter. The DJIA closed at 9033.66; shedding another 231.77 points. Volatility remains high as the intraday chart showed that index wanted to rally above the previous close. But by the last hour, the bears [...]

US Fed Chair Ben Bernanke announced Monday night that he wanted additional funds to stimulate the economy and a handful of companies announced better than expected earnings. This fueled the DJIA to rise 413.21 points. OPEC announced that it will tighten production after oil went below $70.00 per barrel. Now the question is, can the [...]

The PSEi continues to go down, and it is not looking good.
The US market may have been strong during mid session Friday, but it was not able to sustain the rise as panic and fear came into the picture. The DJIA closed -127.04 points lower on Friday.
Asian markets rose but the local market was in [...]

It was another gruelling day for Wall Street as recession fears are back. And the perception that the bailout plan is not the best solution to the current credit crisis. The DJIA failed to rally Wednesday as it fell 733.38 points. It is definitely a roller coaster ride. One day, it’s a strong rally. The [...]

It was not surprising to see the DJIA fall Tuesday night after the 900 point rally last Monday. After opening strong, the Dow wasn’t able to sustain its strength because of profit takers who still think that the market is in a down trend. The DJIA closed -76.62 points or -0.82% below the recent close, [...]

The market celebrated Columbus Day Monday night with the DJIA gaining the most in history. The Dow gained 11% or 936 points from Friday’s close. Now the question is, where are the bears? I think they partied too much last weekend and are still hung over.
The local market also gained from the good news, opening [...]

Last week was the worst one-week performance by the DJIA in history. It also marked the passing of the Emergency Economic Stabilization Act of 2008 or the bailout plan enacted to authorize the US Treasury to purchase distressed assets from troubled banks in order to provide liquidity and help boost the US economy and the [...]

Investor confidence is still down in the dumps as the world market continues to plummet in catastrophic fashion. There are still no signs of capitulation. Or is it? As I write this newsletter (Thursday 6:30 pm), DOW futures are up 150 points. It would have been better if it were up 300. This has been [...]

It was what we have been waiting for, the passage by the US Congress of the $700 billion bailout plan in Congress. But after the results of the voting, the DJIA tanked after going up 250 points to close 157.47 points down. What is going on here?
And it looks like the US Financial crisis has [...]