Part 3 in the SPY Symmetrical Triangle series. It looked like the market was going to close down fairly substantially on Friday, until the news of a possible bond insurer bailout resulted in a rip roaring rally into the close. As a result, SPY is STILL trading inside of the triangle range.
When is the right time to buy stocks? Unfortunately there is no straightforward answer, irrespective of the amount of analysis thrown at the question. This blog post steps aside from the timing issue by simply considering what the chances would be of losing/making money on the stock market over different holding periods. The results make for interesting reading.
The past few months presented investors with a series of unique (perhaps bizarre) events in financial markets. Let's step back from the rather depressing financial saga unfolding from minute to minute to enjoy a moment of light-hearted relief in the form of a hilarious video clip.
The past week witnessed a turnaround in sentiment as renewed recession fears dominated investors’ actions. Stock markets across the globe were subjected to selling pressure, while credit spreads scaled new highs. “What the market giveth [the previous week], it also taketh away [last week],” was Briefing.com's very apt description of events.
Words from the (investment) wise for the week that was (Jan 28 - Feb 3, 2008)
The past week witnessed an extraordinary set of events on the financial front, a rogue trader creating havoc at Société Générale, and wild swings on global stock markets as mounting concerns about a recessionary US economy and the implications for global growth continued to weigh on investor sentiment.