The DOW makes it over 10,000 again but Wall Street is still not convinced the “bears” are done.
I’m happy to see the Dow back above 10,000 and I’m sure long term investors are too.
Short term many suggest we are in a “bear-market” rally and have data to support their claims.
Jim Crammer, a national TV host of Mad Money, has companies he likes and will suggest buying. A few we both agree on. We also agree to wait for the stocks to come down before we pull the trigger!
Will we give it all back tomorrow? Fridays and Mondays can be wild days!
Questions or Comments email me at Joyce@Blonskij.com
Add comment November 5, 2009
Edward Yardeni, president of Yardeni Research weighs in today, Revenues are coming back…
Calling for a “V” Shapped Recovery in Earnings. Mr. Yardeni goes on the record with CNBC today. 11-2-2009
Add comment November 2, 2009
Pro. Roubini Oct 26, 2009 discusses the weak dollar, unemployment numbers, global markets and the US Market recovery. Will it be a “V” shapped recovery…
This interview today on CNBC with Pro. Roubini shed light on current U.S. and global marekts. Taking a look at the weak dollar and low interest rates and what this may mean going forward for world markets.
Add comment October 26, 2009
Then & Now… 22 years ago tonight Don & I wore these shirts! “I SURVIVED BLACK MONDAY 10-19-1987″
What a day it was!
The Dow had dropped 23% and the news was flying… Me. I went to a printer and had two shirts made. One for me and one for Don, a client. I presented him with his very own, I SURVIVED BLACK MONDAY 10-19-1987. I wore mine home. Don wore his into Sizzlers that night.
I SURVIVED BLACK MONDAY 10-19-1987
22 YEARS LATER...
Add comment October 19, 2009
1987 Stock Market Crash 22 Years Ago Today. I SURVIVED BLACK MONDAY!
Watch ABC Nightly New: 1987 Stock Market Crash
The Dow reached 2700 back in August of 1987.
Wall Street was hoping for 3,000.
What it got instead was… ”Black Monday”
I was sitting in my Dean Witter office that morning and thought my computer was broken. It’s true. I’d never seen the ticker down -200. By 8am (PST) that’s what I was looking at!
I was a 2 year old broker back then. I knew I needed to get advise from an expert, so I called Hayden O’Neil, my oldest and most experienced client. I knew I could trust him to give me it straight- up. Hayden had lost all his money in the 1929 crash. Made it back and then some! The had been through the fires of Wall Street and thrived!
He had just come in from burning leaves. He was going to make himself a ham sandwich and watch the noon news. He was cool, calm and collected. He wasn’t upset or even worried… Here is what he said to me that afternoon…
“Let’s see what the market does over the next couple of days.
Give me a call and I’ll bring in $100,000…
… and we’ll buy some good stocks”.
And that is exactly what we did.
Thanks Hayden for your great advise. It has served me well over these past 22 years!
Happy Anniversary!
Add comment October 19, 2009
DOW 10,000 What’s the scoop on Wall Street?
Some are saying… Ignore Dow 10,000 and You’re a Fool.
The markets look forward…and this is a very good sign that life is improving for corporate America.
With nearly 10% unemployment… are we as consumers feeling good about opening our pocket books and spending money?
What do you think DOW 10,000 means!
- Triggers a wave of selling?
- Fuels a rally and stocks sore?
- Market treads water and ends the year about where we are today?
Comment or e-mail me at Joyce@Blonskij.com
Add comment October 16, 2009
Dow Hits 10,000, Then Backs Away – Market Overview * US * News * Story – CNBC.com
Dow Hits 10,000, Then Backs Away – Market Overview * US * News * Story – CNBC.com
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Add comment October 14, 2009
DOW 10,000 by Halloween? Trick Or Treat!
Add comment October 13, 2009
2 Years Ago “Today” The Dow Closing High 14,164
From the best of times to the worst of times…. That is what we have all been living through.
Let’s take a look back at October 9th 2007 and the DOW.
October 9, 2007 Dow Hits 14,164
9th of October 2007 - The DOW hits all time “high close” at: 14,164
9th of March 2009 - The DOW drops to low point: 6,440
9th of October 2009 – The DOW mid-day is trading at 9,800
Eight months ago the DOW was at 6400 and here we are today trying to climb back above 10,000. The questions on the minds of investors can it get there, and can it sustain this level?
It’s always easy to look back and see where we came from, but much more difficult to predict the future, especially the immediate future. Some still try and call the shots.
There is an old saying… “no guts, no glory” and this is very ture when it comes to investing short term in the market.
Where the market will go from here?
I am happy to make a prediction.
Ready?
Here is my forecast:
“The market will go lower” - AND – “The market will go higher”
Happy Anniversary!
To comment or ask questions please email me at: Joyce@Blonskij.com
Add comment October 9, 2009
