September 29, 2008 – 4:40 pm
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Much anticipation was on the House of Representatives to pass the rescue plan. The $700 billion rescue plan was voted down by 228 to 205. The market took a huge dive! Big point movers include: AAPL -$22.98; GOOG -$50.04; BIDU -$29.55; CME -$$79; FSLR -$26.82; ISRG -$23.61; […]
September 28, 2008 – 3:08 pm
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Last weekend, in my Market Forecast, I said,“For the new week, we’ll need to see this market continue to rally. Any big drops will likely bring back fear and discourage the investors. After a 2-day, sharp rise, we’ll have to see how the market does on Monday. We could see a […]
September 25, 2008 – 4:07 pm
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The market kept things in the positive territory all day today, with a small slide in the afternoon. Still, there was no definitive word on the “bailout” plan. Among the modest gains, some sectors stayed weak. Fertilizers were mostly down today: POT -2.86%; CF -4.15%; MON […]
September 24, 2008 – 4:34 pm
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The market stayed pretty much flat, as the Congress continued to discuss with Secretary Paulson and Chairman Bernanke on the “bailout” plan. It seems many traders/investors are staying on the sideline, watching the Congressional testimony over the plan, anticipating any new developments. GS jumped $10, to $135, yesterday after the […]
September 23, 2008 – 4:45 pm
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The market was mixed for most of the day. Techs saw some bounces and kept the market indices on the green side. On the other hand, commodity-related sectors were weak. Just yesterday, things were the other way around! The market got weak after lunch, bounced back […]
Posted in GS, POT, ATI, MOS, X, RTP, CF, MON, CLF, BTU, CNX, MEE
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September 22, 2008 – 4:30 pm
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As Congress brooded over the bail out plan for the credit crisis, the market continued with its wild swings. The market opened down and continued lower…and lower…and then, lower, until the close. Financials and techs led the downward slide. Techs were especially weak, giving back all […]
September 21, 2008 – 9:04 pm
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Last weenkend, I said,
“The biggest news on Sunday evening have been on LEH, MER, and AIG. At the time of this writing, there has not yet been a deal reached for LEH. There are new rumors about BAC possibly in talks to buy MER. Other the […]
September 20, 2008 – 1:54 pm
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Wow! What a week!! It has definitely been a “roller coaster” ride! The market started the week sliding lower and lower. On Thursday, just when the market seemed to be overwhelmed by fear, news about the government discussing a plan to create an agency to […]
September 18, 2008 – 5:24 pm
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The market went through some huge, swinging actions today. The market opened up in the morning. Nasdaq was quickly up +40 points and the Dow was up +180 points. Then, things turned. Nasdaq was down almost 30 points at its low and the Dow was down 150 points. Gold, then, rushed […]
September 17, 2008 – 3:43 pm
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The market was not encouraged by the government rescue solution for AIG; not one bit! AIG fell more than 45% today to close just above $2/share. The pre-announcement on MS earnings, which beat the estimates, did not help either. MS shares flopped 24.22%! Rest of the financial sector was a mess! […]
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_6.gif)
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_6.gif)
