What Does Buying TARP Assets have to do with day-trading?


I said it on the Cavuto show on Friday November 14th – “they will come back to buying the assets because the market needs a bid. It has to find a bid somewhere and nothing will be fixed until it does.” I have said it before in this blog but since getting the &#)@)#? tag […]

By |January 15th, 2009|Markets|8 Comments

Catch a bid

I have been wondering since mid-October when they were going to give in and do the basic thing one needs to do to stabilize a market – provide a deep-pocketed bid!

In fact, I said it on the Cavuto show and have said many times since, until the Treasury starts bidding for some of these so […]

By |December 31st, 2008|“Locals”, Markets|6 Comments

TARP – Treasury Acts ….

Treasury Acts Ridiculously _____________________? …. fill in the blank.

If the markets are based on confidence (or lack thereof) then where are we in the spectrum between panic and overconfidence? We are certainly on the left-end of this tug of rope. The panicked selling seems to be gone but now we are in a market rhythm […]

By |November 12th, 2008|“Locals”, Markets|0 Comments