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 [...]

Ring in the new year with new trials for the market.  We wish that all the problems that were experienced last year were finished.  Unfortunately, it looks like the end is not yet near.
The one thing we’re sure of is that since October, the DJIA has been going sideways.  Currently, we see that the resistance [...]

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:

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 [...]

Recapping the highlights of the previous week:

Citigroup (NYSE: C) to cut 50,000 jobs. It has begun…
Citigroup is considering some of its assets or the whole company itself.  Wait a minute!  First they were just going to cut jobs…
Jerry Yang out as Yahoo CEO. I can hear the stockholders [...]

Recapping the highlights of the previous week:

American Express (NYSE: AXP) gets the Fed’s approval to form a bank-holding company. Never leave home without it…

Starbucks (Nasdaq: SBUX) reports disappointing quarterly profit. That’s for your expensive coffee!

Best [...]

Recapping the highlights of the previous week:
· The Fed cuts interest rates by 50 basis points. The market is still sagging despite the rate cut. Looks like Bernanke’s magic fizzled out.
· Another analyst suggests that Yahoo (Nasdaq: YHOO) can still merge with Microsoft (Nasdaq: MSFT). Isn’t this like a case of déjà vu?
· General Motors [...]