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Tag Archives: Chicago Board Options Exchange

Hang on to Your Feathers!

It looks as if the nasty little “correction” that began on Wall Street in early August is blowing out to a climax. Expect some sharp intraday swings over the next couple of days. When the dust settles, though, the traditional year-end rally should be ready to kick in.

Feeling the Pain

Stock market investors aren’t happy campers tonight, with the major indexes closing the session at fresh 2005 lows. More selling appears likely at tomorrow’s open on the heels of this afternoon’s wet-blanket earnings report from technology bellwether IBM. But is the world coming to an end? Hardly.

Now They're Talking Turkey

Wall Street’s sharp sell-off yesterday and today is exactly what the stock market needed. For the past couple of weeks, I’ve warned you that share prices (in general) were too high and values stretched too thin. A “correction” now is essential if the market is to restore its health and move on to new recovery highs.

Now They’re Talking Turkey

Wall Street’s sharp sell-off yesterday and today is exactly what the stock market needed. For the past couple of weeks, I’ve warned you that share prices (in general) were too high and values stretched too thin. A “correction” now is essential if the market is to restore its health and move on to new recovery highs.

AND STILL THEY BUY (PUTS)

Well, we got the upside “excitement” I called for on Tuesday’s posting. The S&P 500 soared almost 18 points (1.6%) on Tuesday, tacked on a little more on Wednesday and opened stronger today. NASDAQ has gained even more ground, in percentage terms.