RichC | May 26, 2011
Has anyone back-tested Dog of the Dow technology stocks as a second half of the year purchase? Most of the technology upgrade cycles and business purchases happen during the second half of the year … and with CSCO (1.5% dividend yield) and MSFT (2.6% dividend yield) at the bottom of the Dow 30, they certainly […]
RichC | May 23, 2011
European financial markets were down and Wall Street is sliding as well (11AM). The talk around the water cooler regarding the false prediction of May 21st being the beginning of the “end times” may be good for a smile, but one look at the S&P 500 Heat Map quickly removes the smile (at least for […]
RichC | April 29, 2011
Call me a negative Nellie, but one has to wonder if we are really seeing much of an economic recovery? With prices rising, inflation looming (if not already here) and the buying power of the dollar severely weakened over the past year, how will Americans perceive those elected and appointed to guide the United States […]
RichC | April 14, 2011
For those of us who can relate to being asked for investment advice by family … I’m sharing letter I received today that might help. For some delusional reason, a few in my family feed my ego by asking for investment advice, even though my competence is questionable. I usually keep quiet on the subject […]
RichC | February 23, 2011
The stock market was down on Tuesday in its biggest drop in 2011. The unrest in the Middle East and North Africa sent oil prices soaring while those buying considered gold or precious metals with the recent news from Libya. The Dow Jones Industrial Average tumbled 178.46 points, or 1.4%, to 12212.79, the Standard & […]
RichC | February 17, 2011
On the days that I am connected to the Internet during Wall Street’s market close, I often stream a tiny Slingplayer window of CBNC’s Closing Bell. Today I chuckled at someone on the trading desk holding up a “Hi Mom” sign (left). Also changes in technology has helped investors and traders in recent years by […]
RichC | December 31, 2010
It has been a positive year for those brave enough to stomach the stock market and remain bullish as the DJIA closed the year at 11,578 (up $7.80 today). The year was far from a gentle, but still up except for the sudden and steep downturn prior to summer. In fact, hindsight says you would […]
RichC | May 12, 2010
Gold, the investment that rises when risk becomes too great has reached its highest level trading up on Tuesday and continuing to push record areas on Wednesday morning. The $1240 per ounce price has investor’s worried about markets and inflationary pressures. The stock market is opening higher today renewing a bit more confidence that the […]
RichC | May 7, 2010
If the whipsaw moves in the stock market didn’t make you sick to your stomach today, then you’d make a great bluewater sailor. I’ve followed the market as an investor and occasional daytrader since the crash of 1987 and I don’t ever recall as rapid a selloff as we saw Thursday afternoon. As I was […]
RichC | February 4, 2010
The Dow Jones Industrials moved down over 270 points on Thursday as the economy stumbles yet again despite the promises of recovery from those spending taxpayer dollars in Washington. The move from equities by investors and traders is likely due to a rise in U.S. unemployment claims (up 8000 last week or 480,000 new claims) […]
RichC | November 24, 2009
Although I’m not complaining about fuel prices considering our weak dollar — especially as we roll into a week of heavy travel — I did find it shocking that regular unleaded gasoline prices are nearly 40% higher today than they were last year at this time. (photo left taken 11/23/2008 in Monroe, OH) Of big […]
RichC | August 13, 2009
As U.S. Congressional representatives sweat over whether to have townhall meetings in their states to talk healthcare during the August recess, I sweat over how to plan financial security for my family’s future, of which health insurance is a part. Years ago it seemed logical to just keep plunking away a few dollars into a […]
RichC | March 3, 2009
I’ll keep this post short since my mood is the same; the markets tried to find a reason to bounce after loosing 299 point on the DJIA yesterday, but traders and investors would have none of it. The averages did cross yesterday’s ‘ugly’ close a couple time throughout trading on Tuesday, but in the end […]
RichC | February 19, 2009
Traders saw most stocks fall on Thursday, putting the Dow Jones Industrial Average back on a bear-market closing low track. The financial sector continued to decline and there was little desire by investors to buy equities with the gloomy economic data. The Dow Jones Industrial Average dropped 89.68 points, or 1.2%, to close at 7465.95 […]
RichC | December 22, 2008
The drugstore sector stumbles at the market open on Monday after Walgreen’s (WAG) announced that their profit fell 10 percent in its fiscal first quarter. Traders responded with selling shares even after acknowledging the shortfall was due to “the costs opening more than 200 new store.” The company answered the loss with a plan to […]
RichC | May 3, 2008
Microsoft released a letter from Chief Executive Steve Ballmer on Saturday that he sent to Yahoo CEO Jerry Yang saying that Microsoft was willing to raise its offer to $33 a share for Yahoo, but Yahoo demanded at least $4 per share more; $37/share. (the Monday share price for Yahoo will be interesting) “Despite our […]
RichC | October 1, 2007
The stock market had a solid day of gains today with the Dow Jones Industrials up 190+ points and setting a new record, but not all segments were stellar. Hardest hit were the drugstore chains as that segment suffered heavy selling pressure. Three of the leading companies that I track and trade were down significantly […]
RichC | September 27, 2006
As much as I like Crocs as a company, a stock (CROX) and as a trendy shoe ‘fad,’ the recent jump in stock price in a hot stock market triggered one of my self imposed trading rules today: it moved 15% up or down in 3 days so I sold at $34.64 this morning. (I’m […]