Too many big cars, too many big houses, too many big bankers, too much BS, couple that with a willingness for a majority of the world to willingly borrow or lend on inflated bubble values and you have a prescription…Continue Reading →
It’s that they are not turning worse and the initiatives, both public and private, that affect the real economy, not the banks, are for the most part, yet to be implemented. A major battle in the market has been ensuing…Continue Reading →
Reading and listening to the pundits over the weekend and this morning the big question being raised is either: 1) is this a bear market rally or 2) where will it end. It is continually pointed out that the 200…Continue Reading →
The market technicals are the most important thing in the short run. It will be good to see the S&P’s consolidate above 840. Short-term resistance comes in at 890 if the base gets built. We like to point out…Continue Reading →
As far as I am concerned February 17, 2009 was the start of the negative surge. To best illustrate this I am re-publishing our posted coments from that day, see below. The markets move to try and build the 840…Continue Reading →
I generally reject the obvious choice, which today would be to sell out long positions and join the rest of the world in taking a pessimistic view of the automakers. So that answer should be obvious, don’t sell because of…Continue Reading →
It is so easy to sell this market, we almost got involved in selling yesterday when we started thinking more about technical signals and profits rather than the underlying psychology of the market. The market is at an important juncture again and…Continue Reading →
Yesterday the market had kind of a text book light profit taking kind of day. It was not a big deal because there were not many traders with profits to take. Keep in mind that the sellers continue to dominate…Continue Reading →
The October 2008 momentum low day is important to us. Most markets had a big rally that day after making the lows early in the day. As such the closes for that day have upward indication significance. For the stock…Continue Reading →
The rally yesterday was impressive, what one does from here will now be the difficult part. To us there is no question that the 838 S&P low of October 10th 2008 looms as the big barrier at the moment. That…Continue Reading →