9/13 Comments in Play
Yesterdays comments will prevail until we see a breakout of the XLF (financial ETF) price range mentioned. It may take days or weeks.
Yesterdays comments will prevail until we see a breakout of the XLF (financial ETF) price range mentioned. It may take days or weeks.
I am almost afraid to say what I am going to say today, but there actually is a case, albeit a weak case, to be bullish on the stock market. The weak case that it is built around is the…Continue Reading →
The Fed numbers point to a small reduction in the monetary base, a welcome bit of stability that we didn’t see during QE I and QE II. The trade deficit declined as imports declined and exports increased. Also Bernanke in…Continue Reading →
Going into another period of debate in Washington the article today by David Leonhardt is a good primer. http://www.nytimes.com/2011/09/08/business/economy/american-economy-on-the-verge-of-a-double-dip-recession.html
Markets remain in a quandary as they await Obama’s employment address and the Republican response. The dollar has strengthened and gold has sold off, yet the kind of clear breakouts needed, gold down and dollar up have yet to trigger. …Continue Reading →
Employment not deficits is the primary issue. The weekend news and opinion pages have the facts in spades. My favorite two articles are: http://www.nytimes.com/2011/09/04/opinion/sunday/jobs-will-follow-a-strengthening-of-the-middle-class.html http://blogs.reuters.com/chrystia-freeland/2011/09/02/will-belief-trump-facts/ For those who don’t read the facts and embrace them, there appears still to be…Continue Reading →
With the employment number now history we can now look at a period of settling in for the market. Over the next 60 days look for the S&P 500 to trade between 1180 and 1270 and pivot around the recent…Continue Reading →