The Deipnosophist

Where the science of investing becomes an art of living

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Location: Summerlin, Nevada, United States

A private investor for 20+ years, I manage private portfolios and write about investing. You can read my market musings on three different sites: 1) The Deipnosophist, dedicated to teaching the market's processes and mechanics; 2) Investment Poetry, a subscription site dedicated to real time investment recommendations; and 3) Seeking Alpha, a combination of the other two sites with a mix of reprints from this site and all-original content. See you here, there, or the other site!

20 June 2008

Markets today

Today's market action qualifies easily as very ugly.

A resumption of the woes and concerns in the finance sectors of the equities markets have caused a bout of uninhibited sellling; seemingly no stock, group, or sector is a safe haven. With ~75 minutes to go before the close, the markets could plummet for an especially ugly daily decline.

Intra-day patterns show a slackening of the selling pressure, though, which means the possibility exists, however scant, for a late-day and week-ending price rally from the lows. For such a rally to occur, prices must hook up -- right here, right now.

We shall know soon enough what changes the final 75 minutes bring.
-- David M Gordon / The Deipnosophist


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