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October 2008



Today's market internals are UGLY!

October 14, 2008 – Comments (8)

This is not a broad-based rally, which would be a sign of a healthy market.  Financials are up and most everything else is down.

I'm with Deej -- Don't chase it!



Major CAPs Bug

October 13, 2008 – Comments (16)

I've alerted CAPs tech support to this, but I thought folks should be aware.  There is a massive problem with the S&P 500 pricing in the Caps system today.  For instance, I made a bunch of picks this morning, when the S&P500 was obviously lower and yet the system shows the S&P500 down as much as 7% today.  If they manage to sort this out, look for big changes in your score.




What's that giant sucking sound?

October 01, 2008 – Comments (2)

What's that giant sucking sound?  [more]



Watch for insider selling as soon as they're allowed

October 01, 2008 – Comments (0)

Insiders are restricted from selling stock until after earnings are announced.  If they know that business is falling off a cliff, they will be selling as soon as they're legally able.  If there is a lot of selling by insiders in late October, that will be a very ominous sign.  Pay extra attention to the insiders at the small banks whose stock prices have been supported by the short ban and forced short covering by hedge funds.  [more]

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