Sunday, June 1, 2008

Market Thoughts

I'm looking for "C" down next week and then a launch higher. That's my FF.

Feel free to comment. It's not TT but it's a Fearless Forecaster Fix anyway.

(for more info on the server, scroll down)

Sentiment

The Server is still down, so I thought I'd make room for a little discussion here.

Our board sentiment was pretty Bearish but TheStreet.com has 56% Bulls, which could be a problem.

Mark

Explosion!

From Our Host in Houston:

This evening at 4:55pm CDT in our H1 data center, electrical gear shorted, creating an explosion and fire that knocked down three walls surrounding our electrical equipment room. Thankfully, no one was injured. In addition, no customer servers were damaged or lost.

We have just been allowed into the building to physically inspect the damage. Early indications are that the short was in a high-volume wire conduit. We were not allowed to activate our backup generator plan based on instructions from the fire department.

This is a significant outage, impacting approximately 9,000 servers and 7,500 customers. All members of our support team are in, and all vendors who supply us with data center equipment are on site. Our initial assessment, although early, points to being able to have some service restored by mid-afternoon on Sunday. Rest assured we are working around the clock.

We are in the process of communicating with all affected customers. we are planning to post updates every hour via our forum and in our customer portal. Our interactive voice response system is updating customers as well.

There is no impact in any of our other five data centers.

OK, then!

I don't think we can be very angry at them.

Frankly, I'm just very glad that no one was hurt and that we'll be back up and whole soon.

We'll advise as we learn more. If you need us, try myoung at equityguardiangroup dot com

Major Server Problems

We've been on vacation and, as such, it was guaranteed that we'd have a major server problem.

We are. It's not just the site it's our business site and it appears that other unrelated sites are down.

I had thought that it was just maintenance last night, but it was clearly something bigger.

We're up and on it now. We'll advise.

Sorry for the inconvenience!

Mark

Saturday, February 2, 2008

Back Up!

We're back up. Thanks to our Tech staff.

Mark

Market Outlook

Friday's strong close is a clear sign that the game has changed (in case it wasn't clear to you earlier). If we were still in Bear mode, they've have sold it down, just to reduce risk.

That they didn't indicates that money is flowing back into stocks.

It's important to remember that a ton of money has been sitting on the sidelines and money market funds have huge assets in them. More is coming too. Meanwhile, MM funds are paying less and less.

That's a prescription for a bigger rally than many assume.

I'd not be surprised by some selling, but the trend is now up, though within a technical Bear. We'd do well to give the Bullish case a bit of respect here.

Site's Down

We're on it. We were having sporadic problems on Friday, but nothing cataclysmic.

This morning we're down. As soon as tech can be run down we'll see if we can't fix it. I won't try until I've had a second cup of coffee.

Mark