Bill Cara

Cara's Commentary & Community Chat, Wed., Dec. 3, 2008, 7:15am ET

korvus2 — 2008-12-03T11:35:39-05:00

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Yesterday, the US equity market was driven by vehicles. Traders ought not dismiss the importance of this industry to the economic stability and revival of the American economy and culture.

Daily Report for Wed, Dec 03, 2008

billcara — 2008-12-03T00:30:01-05:00

Volatility marked Tuesday’s session as the day started with a solid rebound from the prior day crash, lifting almost +4% though mid-session, followed by a sharp drop and then rally into the close. This morning appears to be starting with more selling.

Cara's Commentary & Community Chat, Tues., Dec. 2, 2008, 6:36am ET

billcara — 2008-12-02T10:45:27-05:00

Yesterday was the perfect storm with an announcement from an economic society that the US has been in a recession for a year, which given the generally accepted definition means since the start of 3Q07, which was followed by the manufacturing order book data that has disappeared, which was followed by Fed Chairman Bernanke and Treasury Secretary Paulson speaking to adoring crowds of their banker friends.

Daily Report for Tue, Dec 02, 2008

billcara — 2008-12-02T00:30:02-05:00

Markets Re-cap

From Thursday Nov.20 (DJIA =7997.28) there was a substantial +10.4% lift to the 8829.04 close on Friday. So, while yesterday’s loss of -7.7% in the DJIA index was literally a melt-down, it only partially offset the previous four and a half day melt-up. Today promises higher equity prices if DJIA futures and European bourse trading are any indication.

Daily Report for Mon, Dec 01, 2008

billcara — 2008-12-01T13:00:01-05:00

Daily Report

The blowing up of credit spreads, as seen in the attached graphic, is an indicator of the level of risk aversion in today's capital market. Without solving the credit crisis, there is likely to be profit-taking following every brief period of bullishness. We are seeing that today.

Cara's Commentary & Community Chat, Mon., Dec. 1, 2008, 6:37am ET

billcara — 2008-12-01T06:37:15-05:00

US Economic data this week will likely hold back last week’s market advance. While everybody expects Tuesday’s vehicle sales report to be a bad one, the harshest data is likely to come from this morning’s (10:00am ET) order book in the manufacturing data, and in the rising unemployment to come in Friday’s employment data.

Week in Review #48 (2008-11-30)

billcara — 2008-11-30T14:00:02-05:00

Trader appetite has changed. This was a week in the market when traders turned aggressive, taking on more risk.

Daily Report for Sat, Nov 29, 2008

billcara — 2008-11-29T06:37:01-05:00

In Friday’s post-US Thanksgiving shortened session; volume was the lowest of the year, prices did side-track until 11:20, and there was an upward bias into the close, rising +120 points in the DJIA in the final 100 minutes.

Daily Report for Fri, Nov 28, 2008

billcara — 2008-11-28T08:35:01-05:00

In today’s post-US Thanksgiving shortened session; volume is likely to be the lowest of the year, and prices side-track, with an upward bias into the close. Equity markets of the world that were open yesterday and earlier this morning were higher – until Europe opened.

Cara's Commentary & Community Chat, Fri., Nov. 28, 2008, 7:20am ET

billcara — 2008-11-28T07:20:50-05:00

After the Bear Stearns collapse, I pointed you to the reason the world is in financial crisis, which is that “the credit ring is broken”. Bankers and broker-dealers do not want you to know this.

Daily Report for Thu, Nov 27, 2008

billcara — 2008-11-27T00:30:02-05:00

Markets Re-cap

Admin: I am posting this just so the charts/tables will be here for any who want them. Bill may or may not add comments later. For those of you who are celebrating a holiday today, have a happy one.

Is there an honest cop in Canada?:- The story of BCE

billcara — 2008-11-26T15:04:37-05:00

Why are the Canadian securities regulators and the financial editors turning a blind eye to the goings-on with the trading of BCE stock? Can’t they spot fraud when it’s sitting on the end of their noses? [Please see ADDENDUM]

Daily Report for Wed, Nov 26, 2008

billcara — 2008-11-26T10:33:47-05:00

With US Thanksgiving tomorrow, markets started winding down yesterday. Today is “Getaway Day” so the volume will be further reduced and on Friday the market is open only for three hours. This is a good time to take a break.

Cara's Commentary & Community Chat, Wed., Nov. 26, 2008, 8:36am ET

billcara — 2008-11-26T08:36:01-05:00

In financial markets there are trends and there are cycles. Just as Marshall McLuhan gave us “The medium is the message” phrase, it is becoming apparent that the cycle has become the trend.

Daily Report for Tue, Nov 25, 2008

billcara — 2008-11-25T09:58:52-05:00

Yesterday was rally day in the US equity market. It started on Friday. The rally, which has come with higher volume, is likely to last through the Obama inauguration. Then the 4Q08 earnings will be reported and there will be a testing of the market strength. But, not until then, I believe.