web analytics

Daily Archives: October 13, 2008

If You Want to Play the Bounce …

October 13, 2008
By
If You Want to Play the Bounce …

I’m more of an intermediate-term investor than anything else, but there’s no doubt the market (a) might have hit a sustainable low last week, and (b) could easily rally 10% to 20% and still be in a downtrend.  Thus I’m getting a bunch of questions talking about profiting from this bounce. Well, I’ll show you two examples of “crashes” from the past–one in 1998, the other in 1987.  We’ll start with 1998: Note how, when the Dow crashed into the start of September, it then had one sharp up day, followed by three down days.  It eventually rallied up...

Read more »

Teenagers are Pinching Pennies

October 13, 2008
By

Yesterday’s New York Times had an interesting story about how teenagers are being affected by the economic downturn. While some are extremely concerned about the situation and are trying to help their families come up with solutions to save money, many were offended that they could no longer have as many new clothes, gadgets or restaurant meals as they had previously enjoyed. Many in the generation of people in their early-20s and younger have not experienced a significant economic downturn in their lifetimes that they remember being affected by. Most of them were too young to remember the problems...

Read more »