This is IT….
The Crazy period has run it’s course. It is not like me to post twice in one day, I view myself as a macro trader, why would I be looking at the market at 2:15 PM CDT on the day…Continue Reading →
Archive for May 2014
57 Day Market Top Numbers
Watching out for Number 1
It is obvious that in an artificial market controlled by the Fed, like we have seen since September 2012, that the thing to do was invest in the big Corporations and big Private Equity firms as they take over a…Continue Reading →
Waiting and Watching
Today is day 55 of the top. The S&P close on March 7 was 1878 and the average price since is 1869. The market views this as not a top but a consolidation level to launch to a new higher…Continue Reading →
Chicken or the Egg
What comes first, demand or capital expansion? I think we see the answer day after day. The Home Depot numbers today show slow demand, and yet the CNBC commentators are talking about their expectations of increased capital investment this year….Continue Reading →
More Clarity
The recent NYT article “Crisis Management Rethough” by Binyamin Applebaum sheds some more light on clear thinking, something that all the talk by Tim Geithner seems to avoid. See link here concerning a new book by Atif Mian and Amir…Continue Reading →
Market Top Formation is ready to be Completed
As of today we are 50 days into the top formation that started on March 7, kind of an unprecedented amount of time for a top. A trade under 1827 on the S&P would be that kind of signal, whenever…Continue Reading →
The PPI-CPI Disconnect
In the past couple of days we have more evidence of the disconnect between the bullish producers and the bearish consumers. In essence producers bid up their input prices so they can build inventory for the bull market they know…Continue Reading →
What if it wasn’t the Weather ?
Todays retail sales number has to give the Happy Talk crowd a pause. There is no question that the large corporations are squeezing out the little guy in retail, just look at all the closed stores in your town. This…Continue Reading →
“Everything is Well Crowd” is out Today
Day 46 of the rolling top is here. The Dow, a basically meaningless group of 30 glamour stocks, is making new highs, yet the Russell which measures the real economy is still down significantly from its highs and for the…Continue Reading →