1/30/09
The Best and Worst of January
It definitely wasn't a pretty month, with the S&P 500 declining 8.6%. Below we provide the performance of the ten S&P 500 sectors along with the best and worst performing individual stocks in the index in January. As shown, Financials were a large part of the overall declines, as the sector has fallen 26.5% year to date. Utilities and Health Care were the best performing sectors, declining by just 0.8% and 1.3% respectively. (Thanks to Bespoke!)
Looking real Ugly for the close and Monday
Bettcha $1 that we see new lows on SPX next week 741 or lower
Congressional hyperventilating
Now this blogger is as irate about the payment of largely unwarranted bonuses as anyone. In any other industry, firms losing money on a survival-threatening scale would have eliminated them or targeted them far more selectively, well, save for the auto industry, which serves to prove the point.
However, the Congressional hyperventilating is a shameless diversionary tactic. Let us turn to philosopher Rodney Dangerfield:
If you steal $1000 from a convenience store, you go to jail for ten years. If you steal $100 million, you get called before Congress and called bad names for ten minutes.
Per naked capitalism
However, the Congressional hyperventilating is a shameless diversionary tactic. Let us turn to philosopher Rodney Dangerfield:
If you steal $1000 from a convenience store, you go to jail for ten years. If you steal $100 million, you get called before Congress and called bad names for ten minutes.
Per naked capitalism
1/29/09
DOW Trans Testing Lows
IYT is the ETF...Filled Wednesdays gap today.....on watch for a short or long play
If it's a gap fill day...everything has filled except the XLF
XLK gap down reversal here and the $SML is down over 4% today
RIMM set up
Looks like RIMM may have begun it's top pattern. it would be perfect to see a new high and a lower RSI ...
No follow though on XLF...or Profit taking?
News giving some confusion on if Gov't will do the bad bank thing or inject capital to banks via common stock.
Typical ballon floating
Typical ballon floating
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