Paul Shread

Stocks rose Thursday on signs that congressional and White House officials may be nearing agreement on a phased-in financial bailout package. Still, the details seemed very much up in the air, with reports changing throughout the day on whether an agreement had been reached, as congressional Republicans seemed to have the most problems with the […]

NEW YORK — Data de-duplication may not be widely adopted just yet, but if a few contented users are any indication, it may not be long until the technology becomes a staple in IT environments. At a panel of dedupe users at the Storage Decisions conference here yesterday, three users — representing three different dedupe […]

Security is becoming an increasingly important part of storage fabrics, based on recent announcements from Cisco Systems (NASDAQ: CSCO) and Brocade (NASDAQ: BRCD). Encryption of Fibre Channel data in motion was a big part of Cisco’s new switch lineup announced last week. And Brocade followed this week with a plan for securing data at rest. […]

Stocks tumbled again Tuesday, as traders fled stocks for a second day after the federal government’s $700 billion financial bailout plan appeared to get bogged down in a legislative morass. Traders fretted that the plan could become too punitive and participation limited under proposals from congressional Democrats, while congressional Republicans have their own ideas about […]

Despite some potential bottoming signs last week, we find ourselves right back in the middle of heavy selling pressure. About the only good news is that volume declined today and we didn’t get another 90% downside day. We should also note that Lowry Research — which pioneered the study of stock market bottoms — has […]

It took a $40 billion share buyback plan to give Microsoft (NASDAQ: MSFT) shares all of a 1% gain on Monday. But the rest of the market got crushed on uncertainty over the federal government’s $700 billion financial bailout plan, as Congress and the White House wrangled over the plan’s details. Also unnerving investors was […]

We’ve had back-to-back 80% upside days on the NYSE, which could well mark a major bottom, per the award-winning work of Paul Desmond of Lowry Research. It’s worth noting that the 2002 bottom formed the same way — except that this one could turn out to be stronger because it was preceded by a half-dozen […]

Investors responded to the federal government’s massive financial rescue plan with the biggest two-day rally for stocks since October 2002. The sweeping plan includes measures to buy distressed mortgage assets from financial institutions, shore up money market funds, and temporarily ban short sales of financial stocks, or bets that the stocks will fall. It remains […]

This is how major bottoms feel, like everyone’s trying to get through the door at once, but the numbers don’t quite support a major bottom just yet. For one, we had 89.5% upside volume on the NYSE — very impressive, but the gold standard for a major bottom is 90%, per Paul Desmond of Lowry […]

Stocks rocketed to their best one-day gains in six years on record volume Thursday on reports that the U.S. government could resort to a Resolution Trust Corp.-like solution to the 14-month old credit market crisis, similar to what the feds used to clean up the savings and loan mess of the 1980s. Top U.S. financial […]

The Dow (first chart below) fell below major support today, making a quick recovery of 10,683-10,827 essential here. If not, the next major support looks like 9700, although 10,000 is obvious round number support. The Dow’s quick recovery is important here because except for a few breaches in 1947-1949, the midterm election year low has […]

Stocks plunged to multi-year lows Wednesday after the U.S. government’s historic bailout of AIG (NYSE: AIG) did nothing to calm a growing financial panic. AIG’s inability to raise funds led to what appears to be the first failure of a Dow company in the index’s 112-year history. The government’s decision that an AIG bankruptcy could […]