Free Newsletter: Stalking Stocks - with the Shark - Fed Measures Fail To Stem Selling - 10/7/08
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Greetings Shark Investors:
The market suffered another round of heavy technical damage on Tuesday despite actions from the Fed to improve conditions in the credit market and dovish comments from Chairman Bernanke regarding monetary policy. Although the market took a pretty big hit Monday, a late afternoon bounce allowed the indices to pare about half of their intraday losses into the close, We mentioned that most, if not all, of the buying in the final hour was predicated on the hope that various central banks would deliver a coordinated round of rate cuts in the morning. As such, indications early in the morning were for that buying to continue, but about 90 minutes before the open, the index futures moved quickly back to the unchanged mark after the Fed announced that it had merely updated the schedule for its “Term Auction Facility.” Investors were apparently READ MORE...
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- RevShark
- James ‘RevShark' DePorre is widely viewed as one of the nation's top educators of individual investors as well as a gifted stock market commentator. His daily comments help ten of thousands of market participants navigate the market seas. His self-taught methods are geared to help individual investors use their small size and flexibility to gain an edge over the huge institutions that dominate Wall Street. His unique approach isn't just theory. It has allowed him to grow a small stake into many millions. In 1999, Jim founded SharkInvesting.com which continues to operate today with many of its pioneering members. In October 2001, Jim became the featured diarist for RealMoney.com , the paid subscription site of TheStreet.com . Jim has also been featured in numerous publications, including Money Magazine , the Wall Street Journal Online , Fortune , New York Magazine , PC World, Online Investing Magazine , the Detroit Free Press , the San Francisco Chronicle, the Sarasota Herald-Tribune, Manatee Herald-Tribune and Bradenton Herald.
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James “ RevShark ” DePorre is widely viewed as one of the nation's top stock market investment advisors. A self-made multimillionaire, he is president of both Shark Asset Management, Inc., and Shark Investing Inc., and has been a featured writer for Jim Cramer's TheStreet.com and RealMoney.com since 2001. A pioneer in educating investors online, DePorre joined Herb Greenberg in 1995 to found AOL's The Shark Attack trading site, which quickly became a premier destination for serious traders. In 1999 he founded Shark Investing, which has evolved from its chat room roots into a full service educational and financial content website.
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