The various indexes got their minimum bounce off the recent low by rallying 38 to 42 percent of the decline from the May highs. (normal bounces are 38 to 48 percent of prior declines). The gold – dollar relationship says…Continue Reading →
These two overhanging issues are the offset to the current predominate market player bottom fishing attitude. Bernanke talked about these issues yesterday and they will not go away easily. As we have outlined in blogs some months ago, attacking the…Continue Reading →
I got back home last night. The stock market wants to bottom but time and price are not right. Economic numbers should continue to inch up but too many market players are out of position with position averages that keep…Continue Reading →
I am spending a little time with a Lakota Medicine man in SD. Unless something earth shaking happens in the markets I will probably not be posting comments until next Tuesday. The market will unfold in its usual way.
That means stocks have not bottomed and are probably not close. What I have said recently still holds. When gold falters, stocks will bottom. The S&P overnight has backed off to its pivot point and this week we will see better…Continue Reading →