As we had stated two weeks ago, we wanted to be diversified in our portfolio in what we anticipated as a three week scenario in making a stock market bottom. First I will say that the diversification has worked moderately…Continue Reading →
But does it change anything? Â The same trading postures that got the market in trouble over the last six years came back with a vengeance yesterday. Does it change the markets internals or fundamentals? In a word no. Rallys like…Continue Reading →
What a somber person yesterday, and rightly so, it is a long way between essay writing and heading the FED. No doubt if he could do it over he would not have taken fed fund rates below 4.0 percent, interest…Continue Reading →
Bernanke will be grilled by congress the next two days. This will add an element of turmoil to an already edgy market. In the S&P there are a number of analysts looking for 1170 to be the bottom. The swingcount…Continue Reading →
So much for “no entity is to big to fail”, another rescue plan is unveiled over the weekend. It is a losing game. When mortgage lenders were making loans in 2005 in a residential real estate that was 46 percent above…Continue Reading →
One of the proprietary short-term technical indicators that we follow is the bottom-picker / top seller numbers for both short-term and long-term investors. Bottoms are confirmed when long-term investors are picking bottoms and short-term investors are selling tops. At the moment…Continue Reading →
We stand behind our end game comments of yesterday on oil and gold. Forty years of trading commodities lead me to suspect that this rally yesterday and today is a staged event to scare new buyers into the market to take…Continue Reading →
A majority of active investors have hid out in long oil and gold stock areas since last October, both in the commodities themselves and the industry stocks. At the same time they have a portion of their investments in the…Continue Reading →
Yesterday was a day when all the cheerleaders came out and pushed the company line, Bernake, Paulson, and Simon. This has given the stock market a little bounce. While no situation ever exactly repeats we view yesterday and today as…Continue Reading →
For more than one reason, things are scary. Capitulation periods always make investors nervous. In our opinion the low for the year in the stock market is five to ten days ahead, but the problem areas of the market will…Continue Reading →