Three Reasons for Bear - Fast Money Recap (10/15/08)
October 15, 2008
Recap of CNBC’s Fast Money, Wednesday October 15.
The Three Reasons for Bear
Three Reasons for Bear - Fast Money Recap (10/15/08)
Stocks Are Showing Their True Colors
October 15, 2008
Cash continues to be King
I can not imagine what it would be like if I bought after Monday’s market session. However, I know stock market history and during bear markets you will see the largest percentage gains. January 3, 2001 the NASDAQ gained 14.17% and 3 months later the market was down more than 30%. This illustrates the point that although the market had a huge one day gain it is not the time to jump in. The market today showed it is continuing the process of working … [visit site to read more]
Stocks Are Showing Their True Colors
15 Oct 2008 11:30:00 - Top 5 Stocks up on Unusual Volume
October 15, 2008
| Intraday Unusual Volume - Top 5 Up |
| Symbol | Volume % Change |
Price % Change |
News | |
| ASML | 308% |  15.34% |
news | |
| ALTR | 96% | 17.83% |
news | |
| OZRK | 61% | 28.01% |
news | |
| HCBK | 16% | 17.35% |
news | |
| DLTR | 15% | 34.84% |
news | |
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15 Oct 2008 11:30:00 - Top 5 Stocks up on Unusual Volume
Historical Sector Weights of the S&P 500
October 15, 2008
Hickey and Walters (Bespoke) submit:
With the extreme action in the markets lately, we thought it would be good to update our charts on historical S&P 500 sector weightings. In the first table below, we highlight each sector’s representation in the S&P 500 (in percentage terms) since 1990. For each year, weightings are color coded from red (smallest) to green (largest), with the biggest sector highlighted in white font. For 2008, we provide weightings as they stood on July 15th (a short-term market bottom and the top in commodities), September 19th (the temporary peak following the initial TARP announcement and "No Short" rule), and yesterday.
As we’ve noted in the past, sector weightings go through cycles, and looking at where representation stands versus its historical average can offer insight into the long-term overbought and oversold levels of a sector. It also offers a good glimpse of the economic trends of the country.
Historical Sector Weights of the S&P 500
Biden Palin Portfolio Comparison
October 15, 2008
Stockerblog submits:
The most-watched vice-presidential debate in history recently took place between candidates Sarah Palin, the Governor of Alaska, and Joe Biden, the senior Senator for Delaware, at Washington University in St. Louis. There were reportedly 70 million viewers according to Nielsen Media Research.
I have put together a comparison of the Joe Biden Stock Index, which is made up of the companies that are connected to the billionaire contributors to the Joe Biden campaign, and the Sarah Palin Stock Portfolio, which is made up of the stocks in the Alaska State disclosure filing for her and her husband.
Biden Palin Portfolio Comparison
Should We Be Wary of the Dow’s Big Gains?
October 15, 2008
Michael Panzner submits:
Not to beat a dead horse, but on Tuesday, (in "Give ‘Em Enough Hope…") and last week (in "Bear Market Rallies"), I noted that it is not uncommon to see eye-popping rallies in bear markets.
Even so, I do think there is something very interesting about the dates of most of the entries in a chart accompanying an article in today’s Wall Street Journal about yesterday’s big rally, entitled "Dow Takes Giant Leap as Bailouts Snap Gloom."
Should We Be Wary of the Dow’s Big Gains?
Nasdaq Throws Up A Distribution Day Immediately…That Is Not Bullish
October 15, 2008
MARKET COMMENTARY and YOUTUBE VIDEO BEFORE 6AM…LIKE ALWAYS (GOT THAT BOB?)!
Nasdaq Throws Up A Distribution Day Immediately…That Is Not Bullish
Best in Breed (GS, rated BUY)
October 15, 2008
I’m kicking myself for not making this pick when the stock was $88 and trading at book value. I don’t know if Goldman will be standing alone in the future, but I know that Uncle Sam wants it alive. This is a short-term trade. No more. If it hits $135 or I’ll most likely sell. If it falls, I would buy more, but that’s impossible on SocialPicks.
Not a chance (DPZ, rated SELL)
October 15, 2008
Dominos doesn’t stand a chance in this environment. People do not want to buy out and frankly Domino’s just does not stand up against it’s competitors. Sales have been poor and the new menu items are bringing in a large draw. Food costs are as high as they’ve ever been and financing is very expensive these days. The company has begun to cut costs by closing stores and things will only get worse through the holiday season.
SELL SELL SELL
Not a chance (DPZ, rated SELL)
Why Cramer Should Be Suspended
October 15, 2008
Jason Schwarz submits:
Financial advisors across the nation have been trying to clean up the mess that Jim Cramer made. We had clients crying because of the panic he created. Our phones have been ringing off the hook. His market call on the Today Show this week for investors to completely liquidate out of the stock market is the most irrational market commentary I have ever heard. At a time when a seasoned market veteran should be preaching the benefits of diversification and patience to overcome the tough times, this guy sounded more like a rookie — telling everyone to sell out after the S&P 500 had already dropped 30% for the year. Did he ever consider that adherence to such a strategy would collapse the entire investment system as we know it. This call might have been legitimate six months ago, but now?
His irresponsibility has no right being on television. He is doing a disservice to the very people he portends to help — the novice investor. From his platform, he has the opportunity to instill confidence in a system that is better off now than it was a year ago. Just ask Warren Buffett. We now have the $700 billion package to prop up the mortgage security market — just like Cramer said we needed. We have interest rates down to 1.5% — just like Cramer said we needed. On top of that we have the Fed stepping in to buy billions in commercial paper. These structural changes provide a rebuilt foundation upon which our financials can actually reap the benefits of capitalism. Capitalism doesn’t work without a market. Now we have a market. And Cramer decides to bail! Over the ensuing months he must be held accountable for this one.
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