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Tag Archives: Iraq

October 2006 Issue

This month, find out why the stock market is primed for a strong, sustainable growth cycle starting sometime in the fourth quarter of this year. I’ll
show you how to make the most of the lucrative—yet in many ways “different”—bull market I see unfolding. To help you get your ducks
in a row, I’ll name my top three industry groups, with my #1 stock pick in each for potential gains of 60%-80% and more by late 2008 or early 2009.
I’ve also included a long list of ill-fated stocks and mutual funds to cut loose as quickly as possible.

Too Soon for Too Bad

OK, I know America has had to deal with some pretty grim news lately from our great Southland. The troubles in Iraq don’t seem ready to go away yet, either. (Here in London, where I’m writing from, Tony Blair is taking a pounding for his support of GW.)

NOT SO FAST, THERE!

The Iraq war may be over, but the economy still hasn’t picked up in a meaningful way. That’s the message from today’s ISM report, which surveys the thinking of the nation’s corporate purchasing managers. The ISM index ticked up to 49.8, a dead-neutral reading. Wall Street had hoped for 51, which would have signaled a clear-cut expansion in the manufacturing sector.

ANOTHER WARNING SHOT

They’re getting louder and closer! I’ve told you several times that something isn’t quite right with this stock market rally we’ve had off the March lows. Yesterday’s action is one more reason for caution. Stocks shot out of the opening gate, with the S&P futures gaining a massive 26.5 points (3%) in the first 45 minutes of trading. Everybody was pumped up over the likelihood of a quick end to the war in Iraq.

Nothing Doing

Today was one of those days on Wall Street when almost nothing of significance happened. The major stock indexes meandered in a narrow range for the whole session, closing modestly lower. The action should pick up shortly, though. Reports from Iraq indicate that Saddam’s Republican Guard is rolling south from Baghdad toward U.S. forces. A major battle appears to be in store.

Staying Alive

The stock market managed to keep its “war rally” alive today after yesterday’s drubbing. While a 65-point gain on the Dow doesn’t seem like much nowadays, winning stocks outnumbered losers on the NYSE by a healthy 2.6 to 1 margin. However, trading volume came in at only 1.3 billion shares, well below the average for the past 10 weeks.

Now We'll See

Stocks are poised for a sharply lower opening this morning. (As I write, S&P futures in the overnight session are down about 18 points from Friday’s close.) The obvious “reason” for the pullback is the sobering news over the weekend from Iraq. After eight straight up days, however, a dip was overdue.

Now We’ll See

Stocks are poised for a sharply lower opening this morning. (As I write, S&P futures in the overnight session are down about 18 points from Friday’s close.) The obvious “reason” for the pullback is the sobering news over the weekend from Iraq. After eight straight up days, however, a dip was overdue.

The Last Days of Saddam Hussein

President Bush’s powerful speech last night leaves little doubt that Saddam Hussein is in his final days as ruler of Iraq. Even the timid Europeans, who normally recoil in horror when Bush delivers a hawkish message, are celebrating this morning.