What happened to the stock market today is the number one question these days. So much so, I’ve decided to have this post updated on a more of a regular basis. Beating the stock market has always tried to supply you with relevant information and this is what this post will become.

6/29/2010
Right out of the gate the DOW was down 2% and who knows where it will be when the markets close in five hours. I don’t know about you, but I am waiting for another 8-10% pullback for me to load up on some good stocks.
The labor market hasn’t been good for awhile and finally Wall Street is feeling nervous about it. The Dow should be around 9000 points and that is what I’m waiting for. Happy Trading.

6/25/2010
I hope you guys are seeing the pattern on Wall street. What goes up will come down. The DOW is back down to 10,152 after losing 145 points. Now the Asian markets are following the same path. The Nikkei 225, Japan’s benchmark is already down 1.5% in the first hour. The rest of the world is starting to lose faith in our economy. Friday’s trading is not going to go well, so start your weekend early and sit out until Monday.

6/22/2010
How’s that roller-coaster ride going for you? In just six trading days the Dow has gone from 10,190 to 10,587 and back down to 10,193. The stock market doesn’t know which way to go with all this political BS. Like I said last week, the economy hasn’t changed and I would tread lightly when it comes to buying and selling stocks. I don’t expect anything good to come out of the rest of the week.

6/14/2010
In the past week the DOW gained nearly 5%, only to realize that the world economy hasn’t changed. After the news of Moody’s downgrade of Greece’s government bond ratings to junk territory. The markets were rallying on the earlier data of the euro-zone industrial output in April. Moody’s Investors Service have noted the risks in the joint euro-zone and the IMF rescue package.
Hang in there, it’s going to be a bumpy ride.

6/7/2010
The stock market took another dip today, which is what I expected to happen. The fears of a financial meltdown in Europe are growing on Wall Street. Why shouldn’t it though, our economy depends on the rest of the world. As it is, we still have major concerns about our own economic recovery. As I said before, I don’t have any confidence in the government and feel that the DOW should be more around the 8500 range. Many numbers are too inflated (including last Friday’s jobs report) to give us a more of an accurate reading of the economy.

In the past five days of trading the DOW has lost nearly 6%, but that doesn’t mean that there isn’t a way to make money in the stock market. Over the same period, I’m up 9% proving that if you do your research, You can make it in any market. Like Jim Cramer says… “There’s always a Bull market somewhere.”


6/4/2010
The jobs report was released this morning and Wall Street didn’t take kindly to it. The unemployment rate did dropped “officially” to 9.7%, but out of the 431,000 people would found work in May, nearly 95% of them were created for the U.S. Census. The DOW opened in the morning down over 200 points where it pretty much stayed all day and to close down 3% (300+ points) for the day. Next week I don’t expect good things to happen, so trade carefully.

5/7/2010
Well like I said, the day was going to be interesting. The market was down as much as 279 points only to bounce into the black momentarily to finish 139 points down for the day. This is not over people. There is still some down side to the markets. The stock market volatility is high and with investors feeling a little leery about staying in, I would have to say that this is the time to either sit back or short the market. I expect next week to as interesting (if not more) than this past one.

5/6/2010
I’ve been saying that there will be a turn in the markets and today was the day. Greece’ financial issue has Wall Street wondering what is to come. Add to the fact that someone mis-typed in an order causing the three major indicies into a tailspin. For a brief moment the DOW was down 998 points to end the day “only” down 348 point. The NASDAQ and the S&P 500 were down over 9% at the lowest of the day.
Tomorrow is going to be another bumpy road. Be prepared for the ride.

5/4/2010
It looks like the confidence in the stock market is slowly fading. The S&P 500 Volatility Index (^VIX) jumped 20% today to indicate that things will get shaky real soon. Read the rest of today’s stock market volatility

*Original post Dated Sept., 2008*
Let’s just say the it went to hell in a hand basket (where that phase came from, I don’t know). The market started down 300 points in the first twenty four minutes and then stabilized being down about 250 points for most of the day. It stayed that way until Congress decided to vote against the “Investing In America” bill. The vote was 207 to 228 against saving this economy and the financial sector.

The bill could have passed if Nancy Pelosi didn’t go ahead a bash the Bush Administration, but she did and that’s the way it goes.

As for what happened after the voting was over, the stock markets went spiraling out of control. Within three minutes the DOW dropped another 400+ points, making the DOW down 705 points. It did get a bounce and return 300+ point, but again that didn’t last long.

In the financial sector, most stocks fell more than double digit percentages and some like Wachovia dropped 81%. Who knows which company will fail next because of this failure by Congress.

As for the rest of the day, the market closed horribly low. The DOW lost 777.68 (-6.98%)points closing at 10,365.45, the NASDAQ lost nearly 200 points today closing at 1983.73 (-8.14%) and the S&P 500 dropped 106 points to close at 1106.42 (-8.79%).

Needless to say that there was no bright spot in today’s trading. What I found odd in a day like this that there were two stocks that did quite well. The first one is a solar stock that could be considered to be a penny stock and trades on the NYSE, that stock is Verasun Energy Corp. (NYSE:VSE). The stock rose $0.86 today in open trading, closing at $3.05. At the time of me writing this post, it’s sit at $4.00, that makes it a gain of 81%. What I found interesting is that there was no news that was released today on this company.
The other company that did well was one that I’ve invested in and have spoken about here on this site. Converted Organics CL B WRTS (NASDAQ: COINZ) had a bad day in the open market losing at one point 10%. In after market trading it’s something totally different, it’s bounced back off it’s low of $3.30 and now sits at $4.70, up 25% for the day.

P.S. Want to learn more about the stock market? take a free two week trail with Jim Cramer from TheStreet.com

Just for some ideas as to what to do for the rest of the week. The markets will come back once a bill is past by Congress. Do your due diligence and look into which stocks work for you and your portfolio and buy now while the getting is good. The main reason the markets have dropped is because of the lack of confidence in the economy and many people have decided to pull out for now to see what happens.
Good luck and happy trading.

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