Well the last post was completely wrong. Just a bad call. The strength of the market in early summer (Nasdaq at 10 year highs) led me to believe that the stock market was looking ahead to much better times. Obviously the macro economic picture of bond market implosions in Europe followed by the debt fiasco in the US followed by the downgrade of the US credit rating has taken its toll. Full fledge bear market? Pretty close to there in the indices already.
at 2:30 PM today:
The Dow at 10,907, down 540
The Nasdaq at 2376 down 155
The S&P at 1126 down 73
Gold up 64 points
This blog will cover topics about the US Stock Market and will include information and opinions on both individual stocks and market indices. Topics such as economics, finance, and current events will also be included since these topics can affect the stock market. Occasionally, I will veer away from these topics but it likely won't be for too long. Lastly, I thank Google for hosting this site. ***Disclosure: I will do my best to make any disclosure known at the time each essay is written.***
About Me
- Tom Henderson
- I currently work as a strategist, analyst and consultant at JBH Capital. I also trade an equity account to test theories. Before my current position, I was a self-employed equity trader. I have been actively involved with the markets on a part time basis since 1993 and full time since late 2002. In the mid 1990's in my free time I went through an entire Standard and Poor's Stock guide of at least 5,000 stocks in my hunt for value stocks. More recently I have finished in the top 1% in the 2007 CNBC's stock contest. I have a Bachelors Degree in Civil Engineering from Manhattan College. I am fascinated by the markets and the economy and truly enjoy what I do.
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