Despite Pres. Obama’s stimulus package being approved and all, the DJIA still hasn’t reacted positively to the news.  Probably because they’re still quite shocked that the porn industry is also looking to benefit from the stimulus package.  Sounds like some bad green joke.
But seriously, the index still hasn’t risen. If there was any reaction, it [...]

If we think that the US market has problems, the PSEi should be more problematic and unpredictable. It’s a market that just can’t make up its mind.
It’s very clear that the PSEi is still inside a 4-month long symmetrical triangle with the index ending at 1919, just barely above the 65-day moving average at 1912.  [...]

The DJIA rallies ahead of the approval of their stimulus package.  My question is this: when the heck did that thing grow to be $900 billion?  How long will the Americans be deep in debt to pay off this package?
Enough mind benders.  A look at the index’s chart shows us that although it’s still going [...]

Just how bad is the situation in the DJIA?  Probably much more than we could have imagined. Three more banks in the US have folded up. They may not be in the league as Citibank but that’s still evidence the US banking industry is taking a beating. And they say the worst is yet to [...]

Something really seemed wrong with all those bailouts. The recipients act like they’ve been shortchanged. Look at Freddie Mac.  It’s asking for an additional $30 billion.
In the meantime, the DJIA is still on a slow path to hell.  The market is definitely going sideways and traders are still scratching their head.
As we’ve been saying every [...]

Looks like the new year has brought us to a realization that we’re still in a rut.  Just when we thought the worst has passed us, we have confirmation of how dismal the big banks have been performing.  Citigroup lost $8.29B in the last quarter and has lost $28.5B in the last 15 months.  Now [...]

It seems that the DJIA is just itching to break out of its consolidation very soon.  It’s most likely that we will see this some time January rather than during the holidays.
It seems that the direction the index is taking for now is still quite confusing. These days, the DJIA has a tendency to reverse [...]

Recapping the highlights of the previous week:

Automakers initially got help via a $15B bailout bill from Congress until the Senate shot it down. Just like their status in the industry, crash and burn.
AIG (NYSE: AIG) faces $10B from losses on bad [...]

Recapping the highlights of the previous week:
•    Trump Entertainment (Nasdaq: TRMP) to miss interest payment of $53.1 million.  I always wanted to say this to the Donald.  YOU’RE FIRED!
•    Research in Motion (Nasdaq: RIMM) slashes earnings forecast.  Stopped in their tracks…
•    Jobless claims reach 533,000.  Did they prepare enough food in their soup kitchens?

Things are [...]

Recapping the highlights of the previous week:

The U.S. government bails out Citigroup (NYSE: C). Another bailout ? What about those automakers?
Sirius XM radio (Nasdaq: SIRI) subscribers wish they had an iPhone application. Them too? Steve Jobs can’t save GM and [...]