Last night’s Mad Money showman, Cramer was screaming that the “Market is saying the world is over”, what is he talking about? We all know that the market is not about bullish or bearish but simply buying value or selling…Continue Reading →
This pre-holiday, end of quarter week will be need to be watched for breakouts of the current trading range on the S&P, of 1070 to 1105. The strongest direction will probably be towards lower volatility and flat momentum as everyone…Continue Reading →
11:15 AM CDT: While this does not change our predominant macro view, the stock indexes this morning have held at a level where another bounce is possible.
That is what the pundits and advertisers keep pushing in the media. There was a time to BUY gold, like in 2002 when Washington was out of control and wars were being started. That period ended in March 2008 when…Continue Reading →
While the technical indicators have not turned back down yet, the bounce period is getting old in the tooth and sell signals are looming. Macro indicators still point to a decline to the value area mentioned before. No doubt asset…Continue Reading →
A few eyes are on the Fed meeting report today, but not many. They are the sideshow watching what they helped build. Today the drivers of economic activity are a deadly combination of unemployment and consumer/real estate debt. Nothing being…Continue Reading →
Yesterdays NYT article expands on the theme that is central to where the markets are headed. We are in the hands of the political forces. Hopefully enough of Washington will pay heed to what Krugman outlines. http://dealbook.blogs.nytimes.com/2010/06/21/krugman-spend-now-save-later/ At the moment…Continue Reading →
I seem to continue to under estimate the bounce capability of the markets after the March 2009 stock market lows. The bounce off the big 2007 to 2009 period tested the upper 62 percent retracement limit and this current bounce…Continue Reading →
Yesterdays highs saw the major indexes push up to the 44 to 48 percent level, almost the middle of the traditional 38 to 62 percent bounce levels. Lower housing starts may temper things a bit, but with house prices still…Continue Reading →
Politics and economic activity have a direct connection. The current debate and one that will heat up through the next two elections is and will be about the debate between the Deficit Hawks and the Green Employment Empowerers. My contention…Continue Reading →