The market has now rallied some 1600 Dow points since our “TIME TO BUY” memo of three weeks ago and the subsequent bullish memos in the last two weeks. We were also positively recommending accumulation of growth stocks during the extensive bottoming process this past summer culminating in the hedge fund panic at the end of September. Bearishness/caution remained high…
LANGE FINANCIAL SERVICES MARKET UPDATE. SUNDAY OCTOBER 23, 2011 9:00PM As expected, the market provided another buying opportunity early last week {declined about 2%] before extending the rally to another recovery high to 11,808. The DOW is now some 1200 hundred points from the October 4th bottom. Our TIME TO BUY memo of two week ago has proven to be…
In the past, Apple has launched a new iPhone and iPad before the end of the quarter. As a result, there have been sales booked for the devices that reflect the sales of the initial launch weekend or weeks. The iPhone 4S was launched this year, for whatever reasons, after the quarter ended. It was later by a matter of…
LANGE FINANCIAL SERVICES MARKET UPDATE. 10.16.2011 5:00PM SUNDAY A week ago Tuesday, October 4th, the market hit a new intraday low falling almost 20% from the April high. The market then reversed the same day sharply to the upside with a high-low range of about 400 points. Last Sunday night, as all bears stayed bearish, we posted a memo saying…
Earnings seasons goes into high gear next week with major banks such as Citigroup (C), Wells Fargo (WFC), Bank of America (BAC), Goldman Sachs (GS), Morgan Stanley (MS), US Bancorp (USB), and Suntrust (STI) reporting earnings. As Toddo has long said, banks usually lead the way in market movement. Tech companies such as Apple (AAPL), Yahoo (YHOO), eBay (EBAY) and…
LANGE FINANCIAL SERVICES MARKET UPDATE. OCTOBER 9, 2011 7:00PM During the past several months investors have suffered through: 1. The Debt Ceiling Fiasco 2. The Downgrade of US Debt 3. Widespread forecasts of a recession in the USA 4. The Eurozone Financial Crisis 5. Lack of leadership in Washington, DC 6. The forecast of a Chinese economic recession/ collapse 7.…
Merkel says France, Germany ready to recapitalize banks Published: Sunday, 9 Oct 2011 | 12:33 PM ET Text Size BERLIN – Germany and France stand ready to recapitalize banks and want to do so according to common criteria, Chancellor Angela Merkel said on Sunday. “We are determined to do the necessary to secure the recapitalization of our banks,” Merkel said…
From the NY Post Today. Jobs & Steve Jobs By JOHN PODHORETZ Last Updated: 10:20 AM, October 7, 2011 As we consider life in America without Steve Jobs, we might also consider just how his staggering career represents a refutation of the economic philosophy of Barack Obama. The president believes, as he said in his speech to a joint session…
We know Rush, and he is an amazing person and super friend. And, he loves Apple and everything about it and the company’s products. Yesterday was one of those rare, terrible, and sad moments, when hearing that Mr. Steve Jobs passed away, that will be remembered forever. It is like a ” Where were you and what were you doing…
We read and heard though that Warren Buffett himself does not agree with Obama’s proposal in detail. Investors Back Obama’s Buffett Rule By David J. Lynch – Sep 30, 2011 2:04 PM ET Global investors overwhelmingly support President Barack Obama’s proposed tax increase for those earning annual incomes of $1 million or more in an effort to reduce the deficit.…