Here are the numbers from the Marketocracy Tracking Portfolio of our total positions for the Fourth Quarter 2008 to date, Year to Date, and from the 10/8/2007 Market High. All as of 10/30/08. 4th Quarter 2008 Year to Date Since 10/08/07 S&P 500…Continue Reading →
The S&P 890 swingpoint that has been around for some time sis being tested today. We are holding our positions in anticipation of the market eventually breaking through for a run at 1060. 840 now becomes support on any backoffs….Continue Reading →
Well Hank has gone Turkey on us, rescuing everyone. This could be a bit of a long-term problem as the market sits between deflation and inflation but, in the meantime the market should continue an irregular path to the 1040-1080 area on…Continue Reading →
S&P 890 is a big level of resistance, if the market can clear it and hold, real buying will commence. 8:01 AM CST More Thoughts: 8:45 AM One thing to keep in mind here is that what we have seen…Continue Reading →
The market is going to have a huge bounce over the next 30 to 60 days, somewhere between 40 and 70 percent. Are we out of our mind, maybe, but we don’t think so, and here are some factors that…Continue Reading →
While looking back, it would have been nice if we had gone to all cash when our portfolio NAV hit an all time high on election day, but I was to euphoric to pull the trigger. What has occurred since…Continue Reading →
The market acted terrible today . The 842 floor area on the S&P didn’t hold. Between Paulson’s actions and the Detroit hearings, despair is everywhere. We continue to believe that the 842 to 890 area on the S&P was a…Continue Reading →
Yesterdays comments hold.
As to news, two issues are at the forefront today; 1) the age old partisan battle between politicians backing financiers and the labor unions is at the crux of the Detroit loan impasse; and 2) we will see another phase…Continue Reading →
It looks to us like the panic in the market is behind us, but nothing has stepped in to the void. 75 percent of the overall decline from the S&P 1570 high to the projected 600 technical low of the…Continue Reading →