Clarkosaurus

After a significant market correction, the market will look to regain its footing. Any up day then counts as Day 1 of an attempted rally.

The next two sessions, Days 2 and 3, don’t need to show much in the way of gains. As long as they don’t undercut Day 1’s low, the rally remains intact.

For a follow-through to occur, you want it to land between Day 4 and Day 7 of the attempted rally. On any one of those days, you’re looking for one or more of the major indexes — the Nasdaq, S&P 500 or Dow — to rise 1.7% or more in higher volume than the previous day.

IBD Follow Through Day | Money Definitions.

Hedge fund managers are taxed at 15% on most of their income. Sound fair to you?  I didn’t think so. Read more:

Tax breaks for billionaires: Loophole for hedge fund managers costs billions in tax revenue.

“If the amount of tax revenue lost to private equity firm managers is equivalent to that lost with hedge funds, then the combined amount would be $12.6 billion. This forgone revenue stream could, for example, fully fund the five-year, $35 billion expansion of SCHIP, the public health insurance program for low-income children.”

First it was Pokemon, then Webkins, now it’s Bakugan.  It’s the latest rage among our sons and their friends–but it’s not a publicly traded company. Darn.

Spin Master - Wikipedia, the free encyclopedia.

Bill Moyers sits down with former Nixon White House strategist and political and economic critic Kevin Phillips, whose latest book BAD MONEY: RECKLESS FINANCE, FAILED POLITICS, AND THE GLOBAL CRISIS OF AMERICAN CAPITALISM explores the role that the crumbling financial sector played in the now-fragile American economy.

Bill Moyers Journal . Watch & Listen | PBS.