Terry Savage’s Archives
Below you will find the columns terry has written by date.
Below you will find the columns terry has written by date.
Ugly Opening Despite Fed
At this point, well before the market opens, it looks like an ugly start to the day --and no real reason for a rally. The futures are "locked limit down." (The maximum that the index futures can move in one direction is 5%.) And when the actual stock market opens, it's likely that we will..
What a Week!
So glad this week is over -- at least for the financial markets. We all need some time to reflect. But while the financial markets can be "turned off" for a couple of days, the threat of illness is with everyone. That can't be measured in Dow points or percentages. Sadly, the "cure" for the..
Why it’s not over at Dow 21,575
Here's why I'm pretty sure that the market will go lower -- even as I write an hour before the close with the DJIA down more than 1900 points. Today, all in one day, three different people asked me how to get "in"! They included -- and I'm serious here -- my dental hygienist, the..
A Bear of a Market!
Now, it's official. We have entered bear market territory, and the market still has an hour to go today. Don't be paralyzed by the headlines. Here's a reminder that if you are switching investments in mutual funds (either inside your retirement account or outside), you get the closing price -- IF you enter your order..
Tues. Pre-open: Rock, Paper, Scissors!
Pre-markets show a huge bounce – perhaps up 1,000 points on the Dow – after yesterday’s record 2,000 point drop. Governments around the world – from the US to Japan and Europe – are promising they will throw money at the economic problems caused by the Coronavirus. Logic leaves a bit to be desired in..
Monday pre-opening: UGLY!
Today will be memorable –and ugly. Stock markets around the world have fallen more than 5%, and the US futures are locked “limit down” with a loss of 5%. The Dow itself is likely to fall more than that at the opening, since it is not constrained by those limits. (If the market falls dramatically..
