Things aren’t looking half bad in the stock market these days. The volume of the NYSE listed shares that rose in price is more than 94% of the total volume on that exchange, which means the chances are good you made some money today.

Those in the “know” call these 9-to-1 up days. Days where there is a drastic imbalance of shares trading up over shares trading down.

Martin Zweig worte in his 1986 book, “Winning on Wall Street” that “Every bull market in history, and many good intermediate advances, have been launched with a buying stampede that included one or more 9-to-1 up days.”

A bull market? Seriously?

Existing-home sales fell an eighth consecutive month during October, a victim of the credit crunch, CitiGroup is getting a $7.5 billion dollar infusion from Abu Dhabi to stay afloat, and the market is counting on yet another Fed rate drop in December to take the edge off this wild roller coaster ride of an economic cycle.

I’ve never been able to see how we could percieve all this information as “bullish”, but my good brother has finally convinced me that I should quit trying to understand it, and just take what the market gives you…

Economics, Investing, Market Trends economy, markets, Martin Zweig, Stock Market

Last Friday marked the 20th anniversary of “Black Monday”, in which the Dow Jones slid 508 points.  What’s interesting about this is that many blamed the Monday slide in 1987 on a big sell-off on the previous Friday.

Well, since I’m a firm believer in the notion that history bears repeating itself, I’m currious as to what direction the market will take Monday morning, after the 360 point dumping the Dow took last Friday.

The market has been volatile, more so it seems than normal.  We’ve seen periods of 120+ point gains several days in a row, and then a major short period sell off.

Anyway, the financial news is abound with speculation that we’re in for a Black Monday, Round 2.  The big players aren’t so sure.

One thing’s for certain, it’s good to be holding some cash going into Monday.

Economics, Investing Black Monday, Dow Jones, Stock Market, Stocks, Wall Street