You are currently browsing the Capital Comments weblog archives for the day 6. March 2009.
6. March 2009 by Dan Walkow, CFA, CMT.
Now here is a crowded opinion. Pundits abound about the demise of the US dollar on the basis so much money is being printed that the US dollar has to decline. So why does the dollar seem to be going up (See our chart on our March 2 post below)? For now the dollar is a pillar of strength and could continue for some time.
Great explanation by Howard Gold on CBS Marketwatch. Read it here
Posted in Currencies | No Comments »
6. March 2009 by Dan Walkow, CFA, CMT.
Much has been made of sentiment indicators in recent sessions and how the gloom is so pervasive that we must be at a bottom and the only thing missing is that big capitulation day to give us the final washout.
Micheal Khan writes for Barrons, posting a technical perspective, and he makes the case bear markets end by exhaustion where a drawn-out period of fading interest is the true way bear market cycles end.
He has a good post this week and you can view it here.
Posted in Investments | No Comments »
6. March 2009 by Dan Walkow, CFA, CMT.
Warren Buffet? Richard Kovacevich, Chairman of the Board for Wells Fargo Bank, paid $ 805,000 to buy 100,000 shares of Wells Fargo today at $ 8.05. He owns, are you ready for this? - 2.365 million shares!
As you may know Wells Fargo is one of Warren Buffet’s largest stock holdings…
Posted in Investments | No Comments »