Another week of big swings in thinly-traded markets. There is a trading range in the S&P 500 where the bears defend the top (1295) and the bulls defend the bottom (1260). So far, no one is winning. Let's see which way things break; though a short-term move down here wouldn't surprise me.
Historical patterns show a year-end rally typically starts in late September or early October. The 4-year Presidential cycle pattern also favors a year-end rally.
Here are a few of the posts I found interesting this week:
Lehman in urgent talks to secure a capital injection before earnings call (UK Telegraph)
Worker Confidence sinks to levels of last recession (WSJ)
Nightmare on Wall Street: Why the Credit Crisis has lasted so long? (Economist)
The Business of College Football is probably Bigger than you think (Forbes)
Does it Matter that Internet Traffic is beginning to bypass the US? (NYTimes)
Interesting comparison of housing market price declines in various cities (Bespoke)
Obama's acceptance speech for Democratic Presidential Nomination (Politico, Many Eyes)
Air-Ball: Game Ball Delivered by Parachute; Skydivers land in Wrong Stadium (Inquirer)
Microsoft releases beta of a major new version of Internet Explorer (WSJ, Microsoft)
Comments
Weekly Commentary Charts through August 29, 2008
Another week of big swings in thinly-traded markets. There is a trading range in the S&P 500 where the bears defend the top (1295) and the bulls defend the bottom (1260). So far, no one is winning. Let's see which way things break; though a short-term move down here wouldn't surprise me.
Historical patterns show a year-end rally typically starts in late September or early October. The 4-year Presidential cycle pattern also favors a year-end rally.
Here are a few of the posts I found interesting this week:
Lehman in urgent talks to secure a capital injection before earnings call (UK Telegraph)
Worker Confidence sinks to levels of last recession (WSJ)
Nightmare on Wall Street: Why the Credit Crisis has lasted so long? (Economist)
Weekly Commentary Charts through August 29, 2008
Another week of big swings in thinly-traded markets. There is a trading range in the S&P 500 where the bears defend the top (1295) and the bulls defend the bottom (1260). So far, no one is winning. Let's see which way things break; though a short-term move down here wouldn't surprise me.
Historical patterns show a year-end rally typically starts in late September or early October. The 4-year Presidential cycle pattern also favors a year-end rally.
Here are a few of the posts I found interesting this week:
And, a little bit extra:
Posted at 12:23 AM in Current Affairs, Ideas, Market Commentary, Trading | Permalink
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