MARKET COMMENTARY
The market was bullish for a better part of the day and reached a one-time high of 304 points before backing off. I was watching the development of the market when the U.S. government was deliberating the bailout plan. It was all going smoothly and well until I sensed that the large gain of [...]

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MARKET COMMENTARY
The Dow plummeted more than 500 points on Monday. Basically, the financial markets had been battered so badly that virtually everyone stayed away from financial stocks. The announcement of Lehman’s filing for Chapter 11 bankruptcy protection caused havoc in international financial markets. Across Asia and Europe, stock markets lost between 5-7% in one day [...]

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MARKET COMMENTARY
Repeatedly, the market has behaved erratically. In order to make it in this market condition, traders must be very patient and very tolerant to pullbacks in every trade. There is really no specific reason for the market to be bullish during the day and bearish toward the end of the day. Apparently, the expected [...]

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MARKET COMMENTARY
The Dow crashed 345 points to make it more than half way to 11,000 support level. This is an important move that could drive the market much lower, kicking start a new round of sell-offs to lower level. Friday’s market should take on the cue of Thursday’s trading result and go lower. But it [...]

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MARKET COMMENTARY
The market participants are very confused. These people are trying to see if there are any further negative indicators for the poor economic conditions and if the oil price could go any higher or not. I think they are pretty disappointed after all. In the end, the market closed with mix results. Basically, it [...]

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