UnBelievable
Source: http://www.fundmymutualfund.com/Posted on Monday, October 13th, 2008 | In Market Commentary
We are seeing things never seen before on a daily/weekly/monthly basis.
+10% on the S&P in 1 session? Are you kidding me?
EDIT 3:59 PM: +11%!
Hah… at 12:28 today I wrote
Would it surprise anyone to see the “biggest day gain in history” or “biggest weekly gain in history”?
Anticipating and actually seeing it are two different things. Unbelievable - as I wrote again - it might be hard keeping up with the indexes if they move strongly - thankfully we have some big winners today to help keep pace but we’ll be taking profits tomorrow morning. As I wrote Sunday night
The “market” has gotten everything it has asked for the past week - literally all risk going to the governments of the world and off their backs. If “the markets” are not happy with these events, then there is no pleasing them.
It appears the market is finally happy all risk has been thrown onto the taxpayers and off the market participants backs 
EDIT 4:40 PM Just for memories sake I’ll post today’s performance - I cannot envision another day in history we make 11% in 1 day. (although we made 10% last Thursday bettting against the market)
I could make a killing as a side business selling this T-shirt. Don’t try to tell me you don’t want one…
Last 5 posts by Trader Mark
- Boston Globe: What Would a 2009 Depression Look Like? - November 19th, 2008
- Perfectly Hedged - November 12th, 2008
- Earnings for Perfect World (PWRD) and Energy Conversion Devices (ENER) Both Solid - November 10th, 2008
- Sequenom (SQNM) "Misses" But We Really Don't Care - October 30th, 2008
- Thoratec (THOR) Smashes Earnings; Somehow Guides Up - October 30th, 2008
 About Trader Mark (http://fundmyfund.blogspot.com)
Mark is a self taught private investor, fascinated by the market since an early age, discovering mutual funds as a teenager in the 80s, and then moving to equities by the mid 90s. His equity focus is identifying secular growth trends, and the companies most likely to benefit from these macro trends. Stocks are identified through fundamental analysis, although basic technical analysis is used in determining entry and exit points. With a degree in Economics from the University of Michigan, a broader understanding of the economy as a whole, along with interpreting investor psychology is also a major interest for Mark. His career background has focused on financial analysis in corporate America. |
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