http://www.billcara.com/ Capital Markets and Social Equity ... perspective and discussion. 2008-07-03T09:30:51-05:00 http://www.billcara.com/archives/2008/07/daily_report_for_thu_jul_03_20.html

Markets Re-cap

For a couple hours yesterday, the Financials appeared ready to kick-start a summer rally. But at 2:00pm, with the DJIA sitting at about 11390, a selling wave hit the market and the DJIA sank to a close of 11215.51 (-166.75 -1.46%).

]]> Daily Report billcara 2008-07-03T09:30:51-05:00 http://www.billcara.com/archives/2008/07/bill_caras_community_chat_thur_10.html Jeff and I are planning to make more changes to this website; but before we do, we thought it best to ask the Community for feature suggestions. There are a lot of things we can do easily, but it isn't immediately clear to us which are the most worthwhile.

]]> Community Chat billcara 2008-07-03T08:36:33-05:00 http://www.billcara.com/archives/2008/07/bill_caras_community_chat_wed_10.html It’s odd that a person often has to die before being widely understood and appreciated. George Carlin was one of those.

]]> Community Chat billcara 2008-07-02T07:48:43-05:00 http://www.billcara.com/archives/2008/07/daily_report_for_wed_jul_02_20.html

Markets Re-cap

There was a turnaround of sorts in US equity market trading yesterday after putting in a low in the DJIA of 11183.43 when the Banks ($BKS +1.9%) started catching bids, chasing the DJIA to a close of 11382.26 (+32.25 +0.28%).

]]> Daily Report billcara 2008-07-02T07:39:51-05:00 http://www.billcara.com/archives/2008/07/daily_report_for_tue_jul_01_20.html

Markets Re-cap

H2 is ushering in more falling prices in global equity markets. Financials (XLF) and Consumer Cyclicals XLY) are starting the second half of 2008 at 52-week lows.

]]> Daily Report billcara 2008-07-01T08:25:51-05:00 http://www.billcara.com/archives/2008/07/bill_caras_community_chat_tues_10.html The Business Section of the Toronto Star yesterday ran a well-written story, The Flower Lady Reflects, which should be meaningful to all traders and give them cause to reflect on life as it moves by. “Joanne Argante saw her business blossom into a success but big box stores and the Internet uprooted her from her career.”

]]> Community Chat billcara 2008-07-01T07:40:33-05:00 http://www.billcara.com/archives/2008/06/bill_caras_community_chat_mon_8.html The respected Bank for International Settlements reported today that the global economy and financial system is in more dire straits than most people believe. What were these people saying a year ago when the writing was on the wall?

]]> Community Chat billcara 2008-06-30T07:02:06-05:00 http://www.billcara.com/archives/2008/06/week_in_review_26_20080629.html The Financials dropped -6.2% this week. Without help from the Fed, Humungous Bank & Broker could be called Tiny Bank & Broken. It is shocking how much capital has been lost to investors in this sector. From its high price just over 12 months ago, Citigroup (C) has lost more than a one-fifth of a trillion dollars of shareholder wealth, i.e., $200 billion in lost market capital plus the billions in new equity infusions.

]]> Cara Week in Review billcara 2008-06-29T14:27:58-05:00 http://www.billcara.com/archives/2008/06/daily_report_for_sat_jun_28_20.html

Markets Re-cap

Stock prices fell again on Friday, confirming that the DJIA suffered its worst ever decline in the month of June since the Great Depression, according to Bloomberg, ie, unless Monday is a whopper of a winner. At the end of the week, the DJIA closed (-106.91 -0.93%) at 11346.51, S&P 500 (-4.77 -0.37%) at 1278.38 and the NASDAQ Composite (-5.74 -0.25%) at 2315.63.

]]> Daily Report billcara 2008-06-28T10:08:01-05:00 http://www.billcara.com/archives/2008/06/bill_caras_community_chat_fri_10.html Our friend Patchie has written up his analysis of the take-down of Bear Stearns, calling the blog Cannibalism on Wall Street. Yes, he says that Humungous Bank & Broker (HB&B) and their hedgie friends are to blame as they will devour their own to turn a buck. Unfortunately, they are not earning it legally in many cases.

]]> Community Chat billcara 2008-06-27T07:36:36-05:00 http://www.billcara.com/archives/2008/06/daily_report_for_fri_jun_27_20.html

Markets Re-cap

What a trading day that was! Stock prices fell, sending the DJIA to its worst June on record since the Great Depression, according to Bloomberg. At the end of the session, the DJIA (-358.41 -3.03% to 11453.42), S&P 500 (-38.82 -2.94% to 1283.15) and NASDAQ Composite (79.89 -3.33% to 2321.37) all plunged.

]]> Daily Report billcara 2008-06-27T07:26:03-05:00 http://www.billcara.com/archives/2008/06/daily_report_for_thu_jun_26_20.html

Markets Re-cap

Traders actually were more nervous after the do-nothing say-nothing FOMC decision yesterday afternoon. But after some whipsaw action, the Financials and the $USD got hammered and the commodities (oil and gold) started to lift.

]]> Daily Report billcara 2008-06-26T09:08:01-05:00 http://www.billcara.com/archives/2008/06/bill_caras_community_chat_thur_9.html About a week ago, I opined that if the FOMC decided to not raise rates on Wednesday the result would be a weaker US dollar and continuity to the Yellow Brick Road, meaning that the gold price would lift. That’s what happened late in the session yesterday.

]]> Community Chat billcara 2008-06-26T07:58:48-05:00 http://www.billcara.com/archives/2008/06/daily_report_for_wed_jun_25_20.html

Markets Re-cap

Traders are anxiously awaiting the FOMC decision this afternoon; yesterday they were sending the Fed a message of their concern with the economy. Chemicals, papers, oil drillers—the Basic Materials (XLB) and Energy (XLE) were both down -1.90% at the close.

]]> Daily Report billcara 2008-06-25T09:09:02-05:00 http://www.billcara.com/archives/2008/06/bill_caras_community_chat_wed_9.html As the Cara Community has grown in numbers, the Discourse has become more comprehensive and certainly interesting. Thank you to all who participate. It’s a pleasure to see the development of literary skills in so many of you. Perhaps there are some budding authors here?

]]> Community Chat billcara 2008-06-25T08:20:48-05:00