We have been looking at this functional evolvement which we will give special report status in the coming weeks. The short and sweet comment is that Greek austerity is the launch point for world wide deflation. The US Republican congress will push a timid…Continue Reading →
The market is seeminly locked in a no-man’s land where the economic soft spot is offset by the belief that if it doesn’t get better, Bernanke will step to the plate. My belief remains that it will take S&P 1185 to…Continue Reading →
After his second press conference of the new transparency series it should be evident that “helicopter Ben” is no more. No doubt part of it is a Congress that is off the tracks talking about things that would ensure a…Continue Reading →
The dollar continues to work higher compared to all other markets including gold. This is a result of the important support levels that held recently and the fact that all the safe havens like emerging markets and tech stocks are…Continue Reading →
Yesterdays low of 1277 happens to be the swingpoint between the years high of 1370 and the projected support level at 1185. Update at 9:30 AM CDT: This works out to a 1324 lid on rallys from the swingpoint and first…Continue Reading →
In what was probably his best speech ever, Ben laid it on the line yesterday. He is frustrated with fighting the idiotic House Republicans and the greedy bankers. He know that a much more ambitious jobs program was needed in…Continue Reading →
Some minor price levels are in play currently. The April lows were being talked about on CNBC yesterday and those lows were taken out on the S&P. It may or may not mean anything. Probably the most important sign posts…Continue Reading →
There is so much to say at this point in the long secular cycle, but the most important point right now is that the problems in the economy are structural. Probably the most important thing that was done by Washington…Continue Reading →
When one looks around at market reactions to significant highs this year, the cattle market jumps out as a good example of making the forecast years high and lows within a few weeks. The stock market could do the same…Continue Reading →
The support program that we suspected would be put in place at 1316 on the S&P worked for a few days. Now the test will come. Our most longterm computer programs turned bearish on 5/16/11 at 1317 on the S&P. …Continue Reading →