The initial reaction to the Stimulus bill has been for the market to push down stocks and push up gold. The pessimists may be right, but they will have to prove it to us. So as a test we are…Continue Reading →
From what we read he refuses to acknowledge that banks and people who made bad decisions, bought a bubble, have to pay the price. Forty percent of the stock-market and housing assets have disappeared since the highs. So in our…Continue Reading →
There is a lot on the table today. First, you have the Full Moon last night. Second, a lot of markets are testing support and resistance areas. Gold touched an important support area at 890 yesterday, and a close below…Continue Reading →
Obama has a big job to try and rectify all that has happened to this country in the past 28 years. He won’t be able to get nearly all of it done and the people who supported him will hold…Continue Reading →
Below is a chart of the S&P 500 and the Eureka Aggressive Portfolio since July 1, 2007 (the signal start of the bear market), the Portfolio goes back to June 2002 when the NAV was 1000 for both. Also shown…Continue Reading →
For our part there is nothing really more that needs to be said. You can look back through our archives for all the reasons that the the economy, market, and banks melted down…start with the discourse on the main site…Continue Reading →
If you accept the fact that spending on WWII was the biggest factor that pulled the economy out of the 1929 + Depression you had better start thinking bigger in terms of what it will take now. Obama needs to…Continue Reading →
There is not much to do at the moment but watch the games in Washington. No position changes. No long-term trend change signals yet. EMA ETF Fund NAV at yesterday’s close was 984. 6:51 AM CST
Bank lending practices coupled with Greenspan’s no-regulation approach have been a big factor in the economic scene that has developed. Now the banks have no money and they squirrel away all the bailout money the government gives them, instead of…Continue Reading →
The debate is basically between: 1) continuing the trickle down philosophy that has created the problem over the last 28 years and 2) changing the paradigm and bringing the power back to the people. It is a big change and the…Continue Reading →