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guiron (39.79)



The real problem in the market still exists, and it's huge

November 26, 2008 – Comments (3) | RELATED TICKERS: GM , C , GS

Well, bear rallies are nice, aren't they? Except if you're a bear. My CAPS score has been beaten up badly. But I'm going to be bearish until the biggest problem is dealt with.  [more]



Another late-day rally, options expiring

November 21, 2008 – Comments (0)

November options are expiring on the 22nd. Lots of covering going on this afternoon. I went from 99.59 or so down to 90 or so, but I'm still a bear. I expect we'll see more bloodletting on Monday. Retail may get a bounce from the "retail backlash," but it won't last past the holidays.



Late-day rally kills my bearish CAPS score, but still bearish

November 13, 2008 – Comments (1)

Bloomberg reports that today's rally was prompted by bargain hunting in energy and real estate due to bargain hunting. CIT helped rally financials. But global news is gloomy, and sales, jobs and forecasts are all looking down in the US. Some investors want a bargain, but most people are wondering if they'll still have a job tomorrow. Confidence is still missing, particularly in the engine of our economy, the American consumer.  [more]

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