Negativity is running high at CNBC. For a station that led the bubble making for many years, we now see a lot of whining. Maybe Phil Gramm was right. What we know now is that in terms of time we…Continue Reading →
The stock market seems to be settling into a trading range with the forces of recession battling the forces of stimulus. The range we are working with is 940 to 1060 on the S&P. 1000 is the swing-point which the…Continue Reading →
Todays market action should be the confirmation that the stock market has found some roots. The 940 to 1060 range in the S&P will continue as the trading range. We remain 65 percent long in out aggressive portfolio and 25…Continue Reading →
Yesterdays action as well as the close over 940 is a good first step technically for the market. We need more indicators to fall in place before getting more involved. Posiotions are unchanged. 8:23 AM CDT
Yesterdays test points out that Friday’s low was not the bottom, but a bottom. For now we are content to wait for: 1) more earnings numbers, and 2) the bailout package to be put int action. When the market moves beyond…Continue Reading →
Today will provide vital information on the direction of the market over the next 30 days. Technically if the market can maintain a range above Fridays high, 937 on the S&P, it should be ok for an eventual test of…Continue Reading →
In a market such as we are in now, a six year mania, followed by one month of panic, it is important to find some guide posts. These guide posts should help us to navigate these treacherous waters. Our overall…Continue Reading →
The market started to crawl into a panic hole at S&P 1100 last week, 150 points above where closed last Friday. We are going to let it work it’s way out. Our positions remain as stated on Friday. This may…Continue Reading →
The Woman Who Could Have Prevented This Financial Mess Was Silenced by Greenspan, Rubin and SummersBy Katrina vanden Heuvel, TheNation.com. Posted October 11, 2008. “Break the Glass” was the code-name high-level Treasury Department figures gave the $700 billion bailout; it…Continue Reading →
This week has been a bitter pill to take. In 2002 I decided to put together an investing/trading approach that would key on Political/Economic situations and have technical backup. That led to five years of being primarily long the Gold…Continue Reading →