Wednesday, March 26, 2008

Stocks Get Smoked

  • Just when we all thought there would never be another down day in the market again, stocks get smoked! 
  • Reason du jour?  Same ol' stuff that we already know about.  Weaker than expected durable orders, health of the financial sector, blah blah blah.  Read it at Yahoo Finance.  The advance-decline numbers weren't so horrible today, though.
  • Looking at the playbook, we're heading into monthly strength at the end of the month as the 401(k) contributions hit.  I remain 100% long, Alfalfa.
  • This Fast Money show is crap.  It does have that feeling of the ESPN pre-NFL gameday show, though.  Right?  Why not bring on Steve Young and Coach Ditka?
  • On American Idol, I think the guy with the dreadlocks needs to go.
  • From Think Big, Historical Rolling 10-year Total Return of the SP500.
  • Now Cramer is on... At Penn St.  Sheez.  Horrible.  Over to Fox Business.  Neil Cavuto does a good show.  He's talking about the housing slump.  You know, homes here have suddenly started selling like crazy.  Prices aren't going up, but homes are receiving multiple bids.  We'll see if it lasts heading into summer.  Might be awhile before home prices increase.  I'm in Sacramento, where we've seen about a 30% drop year over year in prices.  Yeowch.
  • Along that line, we knew we could count on Barry Ritholtz for pointing out that new home sales are the the lowest since 1995.  The big question for BR is... What happened after that?
  • It's time to "start filling up your pockets with money!"  Adam Warner covers the Lenny's DEEP in the money options trading strategery.
  • Is it the weekend yet?

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