Friday, November 28, 2008

The Kirk Report

The Kirk Report

A Thanksgiving Feast

Posted: 28 Nov 2008 02:05 PM CST

The bears clearly went on Thanksgving vacation. After all, they have a lot to be thankful for in 2008!

S&P 500: This Week

For the week, the S&P 500 rallied back +12.03%, Dow +9.73%, Nasdaq +10.92%, and the Russell 2000 +16.38%.

Looking through the weekly performance among the ETFs, the biggest winners this week were financials (UYG), real estate (URE), home construction (ITB), telecom (LTL), and basic materials (UYM), and metals & mining (XME). As you might expect, all of the ultra short ETFs were hit hard lead by a 44% decline in the SKF.

As always, I hope this finds you happy, healthy, and wealthy. Now it is time to feast on some of those turkey leftovers!

Kirk's New Workstation

Posted: 28 Nov 2008 12:11 PM CST

Kirk's New Workstation
Since everyone's focus today is on spending money, I thought it would be a perfect time to talk about my new computer workstation which will arrive via FedEx by the end of the day.

In this post, I'll provide details to the new workstation & monitor array along with detailed explanations for all of my choices. I hope you find it helpful and of interest......[READ]

Talking Turkey

Posted: 28 Nov 2008 08:53 AM CST

This posting includes an audio/video/photo media file: Download Now

Black Friday

Posted: 28 Nov 2008 07:36 AM CST

Black Friday
Good morning. After the largest four-day recovery since the Great Depression, stock futures are indicating a soft start to the final trading day of November.

There's not a lot of market moving news this morning other than terrorism in Mumbai and, of course, focus on retail sales this Black Friday.

Premarket gainers: FNM, FRE, TCK, AZ, ACGY, TMA, GOLD, AIG, AEG, F, GM, GME, YHOO, & ANR.

Premarket losers: CPE, PC, IFX, CHK, FRO, SANM, MT, AAUK, TOT, PHG, SFI, STM, PBR, LFC, DAI, RIO, UBS, SI, EBAY, LLY, & HTX.

No economic data releases are scheduled today and very thin trading volume is expected. If history repeats, however, we will likely see a handful of low quality stocks enjoy large scale moves just to keep those who are at work today interested. Remember, the market closes at 1:PM.

Go make it a great day!

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