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Daily Archives: March 16th, 2008

Market Forecast for Week of 3/17: SPX, Nasdaq, GLD, SLV, GDX, XAU, FXY, FXB, FXE

March 16, 2008 – 7:04 pm

With big news (BSC/JPM and Fed’s discount rate cut) on a Sunday before the options expiration week, the market is bound to be very volatile on Monday. Fed’s immediate discount rate cut is, no doubt, an attempt to buffer the effect of the JPM $2/share bailout of BSC! Nikkei (Japan) is down […]

By HappyTrading | Posted in Uncategorized, Nasdaq, SPX, GLD, GDX, SLV, XAU, FXY, FXB, FXE | Comments (0)

Weekly Wrap!!

March 16, 2008 – 5:39 pm

Last weekend, I said,
“The market is testing its January low, which for the new week, could be very interesting. The market has now fallen more than 15% from last year’s October high; Nasdaq has done worse, dropping more than 20%! If the Jan. lows do not hold, SPX’s next support is between 1225-1250; for Nasdaq, […]

By HappyTrading | Posted in Uncategorized | Comments (0)

News Flash: Fed Cuts Discount Rate

March 16, 2008 – 4:39 pm

Fed just announced an immediate quarter-point cut on the discount rate. More on this later…
HappyTrading! ™

By HappyTrading | Posted in Uncategorized | Comments (0)

News Flash: JPMorgan (JPM) To Buy Bear Stern (BSC)

March 16, 2008 – 4:27 pm

Wow!! JPM just announced a deal to buy BSC for $2/share!! This values BSC at only $236 million!! More on this later!!
HappyTrading! ™

By HappyTrading | Posted in Uncategorized | Comments (0)