Posts Tagged ‘stock blog’

Prince of Wall Street

By: ispeculatornew | Date posted: 01.26.2008 (3:25 pm)

The Prince of Wall Street is an informative stock blog that focuses on value investing. The blog also mixes in commentary, Wall Street gossip, and adds some humor to its posts. The Prince of Wall Street is one of the better looking stock blogs that I have come across and it is definitely worth checking out.

Some recent posts that I found interesting are Technical Trading is Bogus, Here’s Why (a sentiment I share), Platinum Equity’s Purchase of Covad (which gives a more in depth analysis of the DVW deal I mentioned a month ago), and Money Never Sleeps Pal (which reports a sequel to the movie Wall Street is coming out).

I would like to thank Prince of Wall Street for adding my site to its favorite sites for 2008.

The Stock Market in 2008

By: ispeculatornew | Date posted: 01.05.2008 (3:14 pm)

Last year I made the prediction that the “market will end the year essentially where it began or down on the year. If the market is up on the year I don’t see it being up very much.” My prediction proved to be prescient as the S&P 500 finished with a 3.53% gain, the Dow with a 6.43% gain, and the Nasdaq with a 9.81% gain.

If you take away the Santa Claus rally at the end of the year, which has now quickly evaporated, my prediction of flat growth would have been proven correct. This is in contrast to most of the stock market prognosticators who where predicting another strong year (15% or greater) even though there were signs of a slowing economy and the housing bubble was beginning to deflate.

This year I have noticed that not many commentators are predicting how much the market will gain or lose this year. I guess they didn’t want to eat any more crow like they did last year. They are mentioning that the stock market is in for another volatile and challenging year. I agree. (more…)