Summer-ending doldrums . . low volume, little action . . . .
Entries from August 2008
August 28th, 2008 · No Comments · Markets
August 23rd, 2008 · 3 Comments · Energy, Markets
As I have always maintained, commodity speculators (index funds etc) drive the underlying commodities markets today wiithout any regard to fundamentals. The CFTC now looks totally naive/embarrassed, because they either did not know or if they did, did not want to limit/curb the markets which they oversee. A Few Speculators Dominate Vast Market [...]
August 23rd, 2008 · No Comments · Markets
Usual slooow August day . . . no consequences.
August 21st, 2008 · No Comments · Markets
Cramer on Coke vs Pepsi: “Now take a look at management. Coke’s got a first-year CEO in Muhtar Kent, and Cramer’s always said that you never invest with rookies. They make too many mistakes. But since Warren Buffett’s Berkshire Hathaway owns 200 million shares of Coke, Cramer’s willing to break the rules a bit. Pepsi [...]
August 18th, 2008 · No Comments · Markets
A slow day . . . . traders moving market down with absence of any buying . . .
August 14th, 2008 · No Comments · Markets
Floor traders bouncing the market for some action.
August 13th, 2008 · No Comments · Markets
August 12th, 2008 · No Comments · Markets
A very slow day with traders, largely floor traders, moving the market down. The next two weeks are likely to be slow too.
August 11th, 2008 · No Comments · Markets
A quiet day . . . creeping up till mid-day.
August 7th, 2008 · No Comments · Markets