Comments on: “Uncertainty Reigns” http://www.ritholtz.com/blog/2009/03/uncertainty-reigns/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 17:38:10 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: leftback http://www.ritholtz.com/blog/2009/03/uncertainty-reigns/comment-page-1/#comment-152217 leftback Tue, 10 Mar 2009 14:07:23 +0000 http://www.ritholtz.com/blog/?p=21342#comment-152217 Leftback notes that the "Leftback Bottom" (intra-day low of SPX 666.79 on Friday), which we called in real time here at TBP at about 3.45pm was not breached on Monday, despite yesterday's close to the downside. As AT has pointed out, a bear market rally was long overdue so we were not surprised to see this morning's break to the up side. We continue to believe that the Q1 low is now in, and that we will see a rally of reasonable size here. We continue to be long of energy and short of gold, as a well known trader might say. The Leftback Index of Economic Indicators ($gaso, Baltic Dry, JNK) has improved, if ever so slightly. Leftback notes that the “Leftback Bottom” (intra-day low of SPX 666.79 on Friday), which we called in real time here at TBP at about 3.45pm was not breached on Monday, despite yesterday’s close to the downside. As AT has pointed out, a bear market rally was long overdue so we were not surprised to see this morning’s break to the up side. We continue to believe that the Q1 low is now in, and that we will see a rally of reasonable size here.

We continue to be long of energy and short of gold, as a well known trader might say. The Leftback Index of Economic Indicators ($gaso, Baltic Dry, JNK) has improved, if ever so slightly.

]]> By: Jojo http://www.ritholtz.com/blog/2009/03/uncertainty-reigns/comment-page-1/#comment-152183 Jojo Tue, 10 Mar 2009 09:52:20 +0000 http://www.ritholtz.com/blog/?p=21342#comment-152183 Monday was the 9 year anniversary of the NASDAQ high of 5132.52! :) Remembering the Internet bubble 9 years ago Verne Kopytoff, Chronicle Staff Writer Monday, March 9, 2009 Nine years ago today, Internet mania peaked when the Nasdaq reached an all-time high of 5,132.52. But the heady days of initial public offerings, whimsical ad campaigns and big spending would soon end. Web sites once heralded as the wave of the future disappeared. Layoffs, bankruptcies and unhappy investors abounded. The anniversary comes at a time of similar economic uncertainty. Slowdowns in online advertising, e-commerce spending and venture capital funding have prompted many Silicon Valley companies to cut jobs, curb perks and, in some cases, shut down. We asked a few of the prominent players who lived through the original Internet bubble what they learned from the experience and how it informs what they're doing today. ... http://sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/03/09/BU3F15RH3P.DTL Monday was the 9 year anniversary of the NASDAQ high of 5132.52! :)

Remembering the Internet bubble 9 years ago
Verne Kopytoff, Chronicle Staff Writer
Monday, March 9, 2009

Nine years ago today, Internet mania peaked when the Nasdaq reached an all-time high of 5,132.52.

But the heady days of initial public offerings, whimsical ad campaigns and big spending would soon end. Web sites once heralded as the wave of the future disappeared. Layoffs, bankruptcies and unhappy investors abounded.

The anniversary comes at a time of similar economic uncertainty. Slowdowns in online advertising, e-commerce spending and venture capital funding have prompted many Silicon Valley companies to cut jobs, curb perks and, in some cases, shut down.

We asked a few of the prominent players who lived through the original Internet bubble what they learned from the experience and how it informs what they’re doing today.

…

http://sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/03/09/BU3F15RH3P.DTL

]]>