Tag Archives: Dow

Bizarre Statistic: 10 more -2000 point days and the DOW hits ZERO!

Legendary fund manager (retired) Ray Steele reminded me of this tidbit.  10  days of -2000 on the Dow and the Dow Jones Industrial Average is worthless.  8 days for the Toronto Stock Exchange.  Not likely to happen but then, it … Continue reading

Posted in Random Thoughts, stocks | Tagged , , | Leave a comment

I was the bearer of bad stock market news early on – now here’s some more.

My original estimate (February 3rd) was simply a P/E multiple for the S&P 500 of 20X zero growth in 2020 of earnings. I expected the coronavirus to have a devastating impact on the global economy (oil prices, supply chains etc.) … Continue reading

Posted in markets, Random Thoughts | Tagged , , , , , , , , , | Leave a comment

Rule #1 – Never Panic! Fiscal Cliff is not a crisis!

In my book it’s no accident that Chapter 1 is entitled Never Panic! What Crisis? Of course when writing the chapter I was referring to the financial crisis that enveloped us a few short years ago, but in my mind … Continue reading

Posted in Random Thoughts | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Markets Report Card – Show me the Money!

All that doom and gloom (except in this blog) over the past year or more and you’d think there wasn’t any money to be made. Well, check out the returns afforded by North American stock markets: When writing A Maverick … Continue reading

Posted in Random Thoughts | Tagged , , , , , , , , , , , , , , , , , , , , , , , | 2 Comments

Cyclicals Surprise Attack?

Earlier in the month, Alcoa was featured as the ‘second worse performing Dow stock in 2011.’ It was almost universally (in research reports by analysts and the press) expected that the financial results would be terrible, as evidenced by this … Continue reading

Posted in Random Thoughts | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment