The January 7 Report

Market Commentary - January 4

As much as I would like to remain unattached emotionally with the condition of the market right now, emotions are just too strong to be denied entry into my blog.

Markets are certainly dead in the water right now, anywhere and everywhere you look. The recent spate of bad US economic news has certainly dampened sentiments further, this blogger's included. Prices fluctuate based on demand and supply, but these are all predicated on the prevailing sentiments of people.

Right now, people are just cautious if not paranoid already. I have started to become bored with the market, and there is greater difficulty trying to make day trades. I think I have to get my momentum back real soon.

Market is now at 3,388. This is close to wiping the entire gain of 2007. We are 2.60% down, or 90.56 points.

There are traders and there are investors. It's time to wear your investor hats, if you are one with extra cash. People make money from panic and mania. This is certainly a time for the former.

Fundamental stock picking is a long and arduous task though as you have to go through voluminous financial reports, and timing is certainly crucial. This isn't the time yet to get in. And this most definitely is not a time for traders, especially since our market is not open to shorting.

On with the horror show.

10 stocks up, 125 down, 28 spared. Total trades today were 9,141 with probably 90% selldowns (so it goes, so it goes).

New 52-wk high : none, and I'm not surprised
New 52 Wk low: EIB, FLI, GMA7, TUNA, UBP

Active stock MBT (-7.69%) closing at 48.00
Top Gainer was KEP 1.98 (+10.00%)
Top Loser was MVC 0.60 (-29.41%)

Today's volume: 2,431,395,983
Value is 3,893,243,000

* All values are based from Technistock.

Foreign Houses:
DEU +24M
CLSA +50M
MACQ -218M
JPM -197M (sold out?)
UBS -88M
ABN -8M (wow still so little)
DBP +28M
PEP -12M

Bear market folks. GMA? FLI? UBP? Down???

STOCK...

Up On Cash.

And Morale.

STUCK

My ass to the chair and my eyes to the screen... doing nothing. This still remains.

SUCK

All the blue cheaps.