Archive for May, 2009
Tuesday, May 26th, 2009
The fate of GM is pressing on the mind of the market this morning. This week will tell us the fate of GM. At least that is the buzz on the street. North Korea completed an underground test of a nuclear bomb and fired two short range missiles which certainly made the world stand up and notice this last weekend.
Finally, the Case Shiller home index showed a further fall in home prices in the first quarter. These are major negative factors and the market was under pressure at the opening but within the first hour the market began to improve dramatically. Why? One reason is that GM and home sales are backward looking. That news is well known and in the past therefore the market has priced it in already. The North Korean issue is current and you would think that would negatively affect the market. It didn’t.
We are in a bull phase of the market. It has paused in May but looks ready to move forward.
Good Trading
Steve Peasley
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Monday, May 25th, 2009
Today’s Stocks & Topics: The Most Often Asked Questions On Investtalk.
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Sunday, May 24th, 2009
Today’s Stocks & Topics: (UDN) PowerShares DB US Dollar Bearish Fund, The Stock Market, California Debt, Inflation Bonds, Natural Gas, Commodities, (UNG) United States Natural Gas ETF, Oil, (MOS) Mosaic Co.
Steve has put together a “must read” list of recommended books in the Investtalk Bookshelf. Click here to see the list.
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Thursday, May 21st, 2009
Today’s Stocks & Topics: (LINE) Linn Energy Llc., (VLO) Valero Energy Corp., (AIPC) American Italian Pasta Co., (CAF) Morgan Stanley China A Sh Fund, (AVB) AvalonBay Communities Inc.
Steve’s new book: “Above Average Investing” is now available from the Investtalk Bookshelf. Click here to buy your copy today.
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Wednesday, May 20th, 2009
Today’s Stocks & Topics: Interview with Tom Szacky – “Revolution in a Bottle”, The Wash Rule, Short Sale, 401(k), Cash Advance
Did you know that Steve offers complementary portfolio reviews to podcast listeners? Click here to schedule a time.
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