Owner: Educating, Protecting & Empowering the Investor URL:http://blog.slpomeranz.com Join Date: Tue, 22 Jul 2008 09:58:51 -0500 Rating:0 Site Description: Steve Pomeranz is a 27 year investment management veteran & host of “On The Money!” The radio show educates & protects listeners with money advice covering the entire financial spectrum from money rebates & rip-offs, to smart shopping, wise i Site statistics:Click here
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Market Commentary 6/30/08 2008-07-15 09:38:22 Good news and (mostly) bad….
Last week’s drop in the US and Overseas market came just at the time when markets seemed to be looking up. Oil, after peaking at 140/ barrel seemed to have topped out and traded in the 135/barrel region. At the same time the dollar had firmed against the Euro.
I have been [...] Read more:Market
Market Commentary of 6.18.08 2008-06-23 10:16:39 We wanted to comment on the recent downgrade of MBIA & AMBAC by S&P. This downgrade affects over 1 trillion dollars of municipal issues as MBIA & AMBAC are the two largest municipal insurers in the industry. The ratings actions by S&P will most likely result in some near term volatility or “headline risk” in [...] Read more:Market
Market Commentary 8.4.2008 2008-08-05 11:02:11 It’s still bad to be a banker….
Things in the banking sector are still pretty awful and because of this, we have seen the FED drastically change its playbook from being the lender of last resort to one that is actively managing the banking system through this troubled time. It is doing this by extending credit [...] Read more:Market
Market Commentary 7.28.08 2008-07-28 16:34:57 Yes, it’s true. I checked it myself ‘cause I couldn’t believe it.
The total market value of General Motors is less that the total market value of Mattel.
What is going on in this crazy mixed up world? I mean I know that Mattel’s Hot Wheels don’t use much gas, but should they be worth more than [...] Read more:Market
Market Commentary 7.21.08 2008-07-22 12:23:16 The day of capitulation arrived last week. What is capitulation and what do I mean?
Imagine a rollercoaster that represents the fluctuating market. As you leave the gate you slowly climb and climb. And as you do, you feel a sense of excitement and thrill. This is synonymous to a rising market. You start out [...] Read more:Market
Market Commentary 6/30/08 2008-07-15 09:38:22 Good news and (mostly) bad….
Last week’s drop in the US and Overseas market came just at the time when markets seemed to be looking up. Oil, after peaking at 140/ barrel seemed to have topped out and traded in the 135/barrel region. At the same time the dollar had firmed against the Euro.
I have been [...] Read more:Market
Market Commentary of 6.18.08 2008-06-23 10:16:39 We wanted to comment on the recent downgrade of MBIA & AMBAC by S&P. This downgrade affects over 1 trillion dollars of municipal issues as MBIA & AMBAC are the two largest municipal insurers in the industry. The ratings actions by S&P will most likely result in some near term volatility or “headline risk” in [...] Read more:Market
How Can A Market Rise In The Face Of Bad Economic News? 2008-08-19 16:48:36 While the latest rally might be over, it is interesting to ponder how the market could have had such a powerful rally while the news continued to show the economy sinking.
The New York Federal Reserve’s Manufacturing Index fell greater than expected in June, surprising economists; and there is no point reiterating the negative news about [...] Read more:Market
, Economic
Thank You Mr. Speculator. 2008-08-10 21:47:12 Thank you, Mr.Speculator….
Although I hated you for pushing up oil prices causing me pain at the pump, I forgive you because you’re on my side now, pushing prices lower and relieving my pain. (See my closing comments for more on this).
Talk about a trade “unwinding”! The darling investment of the year is getting trounced, just at [...] Read more:Thank
The Big Mistake 2008-09-08 15:20:10 This must be cold and flu season; especially for world stock markets. It seems they picked up a doozie of a sniffle last week as we saw broad selling off everywhere.
Actually looking at the numbers which show the Dow off 16% for the year and international markets faring poorly as well, you’re probably thinking [...] Read more:Mistake
On The Money! Commentary, Week of 9.1.08 2008-09-02 01:03:29 I have seen trading ranges but this is amazing. This is trading-range city.
A look at any chart of US stocks will inform even the total novice that the US markets are going nowhere fast. While we have been seeing a bit of rally of late (August was up 1.5%), the charts make this all [...] Read more:Money
Market Commentary: 9/29/08 2008-10-01 14:36:47 Last week I talked about the tectonic shifts that have reverberated around the world. I said I have seen the Mountains Move.
Today we are still in the midst of this great shift and all of us want to know how this will turn out. How will it end?
First, the bail-out is crucial. It is important to [...] Read more:Market
Market Commentary: 9/22/08 2008-09-26 15:42:22 I have seen mountains move.
We have seen a number of unprecedented events occur on Wall Street in the past few weeks. So many that seemed impossible just a month ago have now come to reality.
I worked at Merrill Lynch in the late 80’s and while it was not a firm to my liking, no one [...] Read more:Market
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