http://www.smallcapinvestor.com/smallcapnews/todaystrading/2008-10-09-5e6eda6665?utm_source=newsletter&utm_medium=email&utm_campaign=scidaily
"The Russell 2000 (NYSE:IWM) shed 47.36, or 8.67%, to 499.20, which marked the lowest daily close since Sept. 30, 2003. For the year, the Russell is now down 34.8%, while the Dow is off 35.3% and the S&P 500 is down 37.4%. The Russell has now closed lower seven consecutive sessions, and 9 of 10. In those 10 days, small caps have collapsed 29.2% in one of the most relentless and powerful bearish displays in market history.
Small-cap stocks continue to under perform the large-cap products through the teeth of this collapse. Just three weeks ago, the Russell 2000 was only down 1.6% for the year, while the Dow was down 14.1%, so the percentage loss spread between the two favored the Russell by 12.5%. Now, the difference is less than 1%. Clearly, the market has made a powerful statement that small caps are seen as more risky during a runaway bear market collapse. Small caps led the way up on the bull market move and they have been leading the way down the last 14 days of trading."
Dan Ross
http://www.BetterBizIdeas.com
Showing posts with label Stock Market. Show all posts
Showing posts with label Stock Market. Show all posts
Thursday, October 9, 2008
Wednesday, September 17, 2008
SPX 500 ready for a downturn?? Yikes, I was right....
On August 21st I posted the following thoughts re: the SPX 500 and its future direction....
"Guys, the market is rolling over, sentiment is getting very negative...... Today is NOTHING. SPX is 1268 and the July lows were 1200....... "
Here is a chart today of the SPX 500 ...take a look at the decline since then! WOW.....This unwinding of risk & liquidity crunch has been staggering....
http://stockcharts.com/charts/gallery.html?$spx
Dan Ross
http://www.BetterBizIdeas.com
"Guys, the market is rolling over, sentiment is getting very negative...... Today is NOTHING. SPX is 1268 and the July lows were 1200....... "
Here is a chart today of the SPX 500 ...take a look at the decline since then! WOW.....This unwinding of risk & liquidity crunch has been staggering....
http://stockcharts.com/charts/gallery.html?$spx
Dan Ross
http://www.BetterBizIdeas.com
Tuesday, September 2, 2008
$2 billion Ospraie Fund to Close...
http://www.reuters.com/article/businessNews/idUSN0245078920080903?feedType=RSS&feedName=businessNews&rpc=408&sp=true
NEW YORK (Reuters) - Hedge fund manager Ospraie Management LLC will close its flagship fund after it plunged 27 percent in August on losses in energy, mining and natural resources equity holdings, in one Stock Market opened up 200 points today but was down by the end of the day.
One reason....every commodity was getting HAMMERED as the U.S. dollar appreciated. Apparently the U.S. $$$ strength has taken its toll on one VERY large Hedge Fund in the last month, which had to sell some positions throughout the day. They announced they were closing the $2 billion hedge fund late in the day Tuesday.
Dan Ross
http://www.BetterBizIdeas.com
NEW YORK (Reuters) - Hedge fund manager Ospraie Management LLC will close its flagship fund after it plunged 27 percent in August on losses in energy, mining and natural resources equity holdings, in one Stock Market opened up 200 points today but was down by the end of the day.
One reason....every commodity was getting HAMMERED as the U.S. dollar appreciated. Apparently the U.S. $$$ strength has taken its toll on one VERY large Hedge Fund in the last month, which had to sell some positions throughout the day. They announced they were closing the $2 billion hedge fund late in the day Tuesday.
Dan Ross
http://www.BetterBizIdeas.com
Saturday, August 30, 2008
The economy keeps on growing...
From http://www.tippingpointstocks.com/
"a recession is two consecutive quarters of negative GDP growth. When the first quarter results showed a gain, not negative growth, the refrain from the bears was that the economy's current problems, credit liquidity and housing, were too recent to be reflected in Q1 numbers. "We're in a recession, all right, but the government numbers will take time to catch up," they said.
So when preliminary Q2 numbers came out at a POSITIVE 1.9%, the bears were somewhat befuddled. And they really didn't like it when the forecasted numbers for yesterday's GDP was raised from 1.9% to an expected annualized growth rate of 2.7%. You can only imagine the bears' dismay, then, when the Commerce Department raised the Q2 estimate even further than expected — to 3.3%. And the stock market erupted on the news, with the Dow Industrials gaining 1.6% yesterday."
Interesting alright...VERY interesting.....
" The economy, despite all odds, continues to grow, at an expanding rate.And the stock market has reflected almost none of this, as it remains distracted by housing and credit market concerns. Those concerns remain a market issue, not because of the depth of those problems, but because of investor concern that we haven't heard the complete story yet. The market can handle just about anything except uncertainty. Once the magnitude of the housing problem and the credit problem are on the table, you can expect the market to rally."
I for one am of the opinion that the economy is growing (but slowing) and it is whipsawing around like no tomorrow. The U.S. gov't is attempting to inject liquidity into the markets like NO tomorrow while constantly walking the tightrope with preserving the U.S. dollar by keeping interest rates flat (not cutting them.) I think the next president will be the one inheriting a recession and the biggest budget deficit in the history of the U.S.
Dan Ross
http://www.BetterBizIdeas.com
"a recession is two consecutive quarters of negative GDP growth. When the first quarter results showed a gain, not negative growth, the refrain from the bears was that the economy's current problems, credit liquidity and housing, were too recent to be reflected in Q1 numbers. "We're in a recession, all right, but the government numbers will take time to catch up," they said.
So when preliminary Q2 numbers came out at a POSITIVE 1.9%, the bears were somewhat befuddled. And they really didn't like it when the forecasted numbers for yesterday's GDP was raised from 1.9% to an expected annualized growth rate of 2.7%. You can only imagine the bears' dismay, then, when the Commerce Department raised the Q2 estimate even further than expected — to 3.3%. And the stock market erupted on the news, with the Dow Industrials gaining 1.6% yesterday."
Interesting alright...VERY interesting.....
" The economy, despite all odds, continues to grow, at an expanding rate.And the stock market has reflected almost none of this, as it remains distracted by housing and credit market concerns. Those concerns remain a market issue, not because of the depth of those problems, but because of investor concern that we haven't heard the complete story yet. The market can handle just about anything except uncertainty. Once the magnitude of the housing problem and the credit problem are on the table, you can expect the market to rally."
I for one am of the opinion that the economy is growing (but slowing) and it is whipsawing around like no tomorrow. The U.S. gov't is attempting to inject liquidity into the markets like NO tomorrow while constantly walking the tightrope with preserving the U.S. dollar by keeping interest rates flat (not cutting them.) I think the next president will be the one inheriting a recession and the biggest budget deficit in the history of the U.S.
Dan Ross
http://www.BetterBizIdeas.com
Tuesday, March 18, 2008
4 year uptrends busted in the NASDAQ
Great chart showing the trends. With the Nasdaq at 2177 you can see how we have clearly breached the support levels and further downside is likely over the coming year.
Great charts - sign up today @ http://www.chartoftheday.com/
Dan Ross
http://www.BetterBizBooks.com
Great charts - sign up today @ http://www.chartoftheday.com/
Dan Ross
http://www.BetterBizBooks.com
Dow Jones Stock Trends....
Another Chart from the same great service. Free so subscribe today!
http://www.chartoftheday.com/
http://www.chartoftheday.com/
As you can see, technical analysis is showing the resistance areas as well as support areas for the DOw JONES based on historic buying/selling patterns.
Dan Ross
Gold Prices since 2001
This is a great, free website I subscribe to. I have subscribed going back all the way to 2001.
Gold Prices are typically a hedge against inflation and, with a growing world-wide economy the sheer demand for commodities has been growing substantially over the last 10 years, leading to higher commodity prices. Now, people want hard assets vs. currencies, stocks, etc.
http://www.chartoftheday.com/20080314.htm?T
Dan Ross
http://www.BetterBizBooks.com
Gold Prices are typically a hedge against inflation and, with a growing world-wide economy the sheer demand for commodities has been growing substantially over the last 10 years, leading to higher commodity prices. Now, people want hard assets vs. currencies, stocks, etc.
http://www.chartoftheday.com/20080314.htm?T
Dan Ross
http://www.BetterBizBooks.com
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