Every now and again I find a blog that I feel will be useful to readers of this blog. Today while working on my BlogCatalog, I found StockHola.com.
Navigating the financial markets in the US, particularly right now with the strength of the economy in question can be emotional and a bit unnerving. Sean over at Stock Hola does a very good job of following the markets eb and flow, and giving unemotional updates based on what’s really going on.
He writes mid day and closing reports on the current state of the trading day. Below is a qutoe from today’s market closing.
Bad news in the morning pushes stocks to open 100 points lower. The entire day has no moves and remains steady at a 120 point loss. Investors are now going to wait and hold it out to see what news and events happen this weekend. Any major news is going to either push the market to crash on Monday or Rise stocks on an upbeat note.
AGI losses and citygroup shedding 400million in assets where major key players today and remained the only large news for the entire day holding stocks steady. Many have the assumption that when people buy stocks the price goes up and when people sell stocks the price goes down. In reality this has little effect and what you need to be looking for is news headlines. This will give you a better idea of how the market will do.
This weekend I will post any major news breaks and post up some pages on what IRA’s are and how to invest in them.
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