March 24, 2008 | Posted by Jorge It looks as if the shareholders may have a small victory on their hands as JPMorgan (JPM) was in talks with Bear Stearns (BSC) on Sunday to raise their bid from a symbolic $2 per share to a somewhat more reasonable $10 per share, valuing the merger at around $1 billion. Some will still [...]
March 23, 2008 | Posted by Jorge “The bear market’s over!”
“We’ve just seen the bottom.”
“The VIX has retreated; therefore, we’ve hit the bottom.”
This is what I’ve seen or heard since Thursday. So have we seen the bottom, waved, and moved on on merry way?
Last week was definitely an interesting week. Bear Stearns (BSC) was purchased for $2 per share (yes, [...]
Categories: Market Pulse, Technical Analysis | 
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March 23, 2008 | Posted by Jorge Happy Easter for those of you that celebrate! What better way to celebrate than with a weekend reading list to help digest the pounds of bunny chocolate and cadbury eggs.
Everyone’s talking about a bottom, especially with the financials. Anyone here long XLF?
While I don’t necessarily care for his trading style, I do wish [...]
Categories: Weekend Reading | Tags: | Comments
March 20, 2008 | Posted by Jorge Sure, Google news is nice. It’s a great news feed pulling from other sites and presenting it in a nice little package. Imagine if there was a way to grab the news even faster. Faster than Google, you say? From the looks of it, that’s exactly what Gal, founder of Instantbull, [...]
March 18, 2008 | Posted by Jorge Below is the statement released by the Federal Open Market Committee after its March 18 meeting on interest rate policy:
The Federal Open Market Committee decided today to lower its target for the federal funds rate 75 basis points to 2-1/4 percent.
Recent information indicates that the outlook for economic activity has weakened further. Growth in consumer [...]