D’oh!

A perfect example of why investors should not bottom guess!

After the close, Apple gave weaker than expected guidance for the coming year, and the stock gets pummeled, down $15 to 140. That means off the $200+ high, Apple is now off 30%.

The Dow futures are swinging around wildly — down 410 — 263
– 52 as I type this. Its still early, and I expect these to
bounce around quite a bit until they settle in.

No worries — the Fed can cut another 75 bips again tomorrow…

Category: Federal Reserve, Trading

End of day WTF?! Post

Category: Credit, Derivatives, Financial Press, Markets, Trading

New Column up at TheStreet.com (01/22/08)

Category: Apprenticed Investor, Investing, Markets, Psychology, Trading

“A Whiff of Panic . . .”

Category: Economy, Federal Reserve, Inflation, Markets, Psychology, Trading

NYSE Dow Circuit Breaker

Category: Markets, Psychology

Futures off a tad . . .

Category: Markets

Time to Panic?

Category: Credit, Derivatives, Economy, Politics

USA Equity Futures: Look Out Below!

Category: Investing, Markets, Trading

So Much for the Decoupling . . . .

Category: Economy, Markets, Psychology

Dow Support & Resistance

Category: Technical Analysis