An upbeat report from IBM sent the market considerably higher in early trading today, but continued global credit concerns and mutual fund redemptions caused stock prices to move sharply lower. At $18.70 per share, the Price of the VVC is now at a 62-month low. With two red lights…
The magic of a half-point reduction in the Fed Funds rate didn’t work today as the market took a merry ride on a rollercoaster, but ended to the downside as it has wont to do. With two red lights and a DnDn situation Prudent Investors should not buy…
After a brief move to the upside in early trading, stock prices moved lower throughout the rest of the day, spurred on by Dr. Bernanke’s discouraging comments. Although our indicators have been extremely low, we have been watching the proverbial falling knife. So don’t try to catch it. Let’s…
Fears of a global depression along with concerns of the credit crunch sent stock prices reeling again today with the Mighty Dow falling 800 points at one point, but cut that loss in half with a late stage rally. With our indicators at historic lows, there has got to…
Have we seen the panic, sell-off bottom this week? That’s hard to say with the full reality of a worldwide economic slowdown becoming apparent. While I laugh at the morons on CNBC, I know one thing for certain; the Price of the VectorVest Composite will tell us when it’s time to…
Lousy economic data and stronger signs of a worldwide slowdown pushed stock prices sharply lower today. The House votes on the rescue package tomorrow, but nobody really knows what is going to happen. So with two red lights and a DnDn situation Prudent Investors should not buy stocks…
Stock prices moved in a relatively narrow range today as investors await the outcome of tonight’s vote on the rescue package. With two red lights and a DnDn situation Prudent Investors should not buy stocks at this time.Aggressive Investors and Traders should play the market to the downside,…