In case we didn’t hear about it, the mainstream media wants us to know Greece is still trying to cut social services so that banks who lent the country money don’t have to recognize their losses. And while a similar dynamic is playing out here in the US as we continue to subsidize the TBTF […]
We got a bounce this morning as Nuance and Riverbed rise nicely in the morning trade. Gold, silver, oil and the other commodities are also up on the day. Remember earlier this week when everybody was panicking over…what was it again? The governments in Italy and Spain can’t pay all their debts and […]
It’s just flat out ugly out there in the…
It’s just flat out ugly out there in the stock markets today, with higher-beta tech leading to the downside. (Higher-beta means that the stocks are more volatile on most days than the broader stock market indices). I’ve been steadily putting money to work today, as I’d noted I would earlier. I’ve purchased Celestica and Nuance […]
It’s a very ugly open this morning…bec…
It’s a very ugly open this morning…because of new concerns that Spain and Italy are to join Ireland and Greece as problem children of the EU…again. Each and every time we’ve seen the markets get hit badly here in the US over some concerns about some smaller countries in Europe who are going to bail […]
Greece, grease, grise grees, greze. You…
Greece, grease, grise grees, greze. You’re gonna hear a lot about Greece today. Here’s something I wrote on this very topic in Revolution Investing a few months ago, the last time people freaked out about Greece: http://www.marketwatch.com/story/europe-troubles-again-2010-11-30 Europe troubles. Did you hear about them? Everybody I know on Wall Street is panicking over the fact […]
The DJIA is hitting multi-year highs…y…
The DJIA is hitting multi-year highs…yes, despite all the bears out there explaining why the markets can’t go up any more, the markets just keep climbing. Remember when we talked about how we should set ourselves up into earnings season (see below for example) and I wrote “But even in the shorter-term, as we head […]
Now that we’ve rallied a full 1% off the…
Now that we’ve rallied a full 1% off the Nasdaq lows (though we’re still down more than 1% on the day), aren’t you glad you didn’t panic and sell this morning over the revelation from S&P that there’s some concern about the ability for the US to endlessly borrow trillions of dollars from foreign and […]
There won’t be a bell rung to let you kn…
There won’t be a bell rung to let you know when the sell off has played itself out. Again, I don’t expect we’ll see much if any lift intraday today…and tomorrow will be a new day that we’ll evaluate when it gets here. More importantly, as I keep telling you guys, is that we’re trying […]
We’re greeted with a rather listless ope…
We’re greeted with a rather listless open to start the trading week. We’ve had some wild up and down action in the four weeks since I started Trading With Cody. Just a couple days into the trading, Japan’s quake and resulting nuclear nightmare hit the markets hard, and I stepped up the buying into the […]
The strong week continues and the market…
The strong week continues and the markets climb steadily higher for day 6 out of the last 7. Aren’t you glad you didn’t panic and sell into the Japan nuke collapse last week? Indeed, if you steadily scaled in and if you got aggressive with me when I said it was time to get more […]
These markets and the willingness for tr…
These markets and the willingness for traders to risk paying up for higher prices in the near-term is likely to be driven by the newsflow out of Japan. Regardless of the near-term multiple/risk appetite of the market, let’s remember the lessons we discussed about why we should pretty much just be ignoring (fill-in-the-blank foreign crisis, […]
I expect to get up to about 15-20 total …
I expect to get up to about 15-20 total positions in this portfolio with about 2/3 of the picks longs and 1/3 shorts by the time I’m done building in this set up. That 2/3 longs vs 1/3 short set up is in large part a function of my overall bullishness about the stock […]
Prayers and hopes go out to everybody affected by the tragedy in Japan. Obviously this is a human story. As we all have a commitment and duty to address each of our daily routines and jobs, mine is to try to navigate the markets again today. Stepping back then, its a rather muted open as […]
Most of the stock markets closed near th…
Most of the stock markets closed near their lows of the day by the time the contra hour was over, but I’ll tell you I thought they’d fade even harder than that after the panicky action once the news that Saudi Arabia was shooting on protesters in the street. I also find oil’s “only” 3% […]
I’ve added to my Cisco January 13 $20 st…
I’ve added to my Cisco January 13 $20 strike price calls and will continue to look to add to existing positions into the close depending on how much we might sell off in the contra (final) hour. As the markets’ sell offs accelerate here as word of Saudi Arabia’s dictatorship shooting on demonstrators in the […]
I got some of my early morning purchasin…
I got some of my early morning purchasing done here when the market was at its (so far) worst of the day. I outlined the following playbook for my Revolution Investing newsletter subscribers back on February 8: “Here’s what my experience and analysis says on how the near-term market action will play out: “After all […]