Until the S&P 500 can close over 1216 this is just a recovery bounce. The market was an oversold value buy at 1172. Now it has to prove itself if bigger things are to happen. On the positive side…Continue Reading →
In the early trade we are seeing stocks higher, dollar lower, and bonds lower, a perfect start to a recovery scenario. And then there is gold, it should be down at least three percent, but it is higher. While we…Continue Reading →
OWP, Occupy Washington Liberty, my idea of a successor group to Occupy Wall Street needs someone in the White House. With the Democrats and Republicans doing an implosion I think the people of this country need to look around, decide…Continue Reading →
It appears that I was too optimistic on the Super Committees efforts as reports say nothing is going to happen. So, the can is kicked down the road again and the opening for a new political movement/party for the 2016…Continue Reading →
The gold blowoff rally which started in mid-July 2011 and has been very persistent in its upward movement appears to be coming to the definitive end that we have been anticipating since early September. The goldbug guru’s on CNBC seemed to spend an…Continue Reading →
The US employment numbers this morning point to a little better situation and verify that things have improved since February 2010 when the Great Recession seemed to end. Greece is stumbling to a resolution and the revolt by the population is…Continue Reading →
Yesterday’s buying in gold, stocks, and Euro all at the same time is not healthy for anyone but traders. This just confirms that our recent comments about the rest of the year being a price distribution period is on target. …Continue Reading →
would not surprise me sometime in the next 10 days, probably sooner rather than later and my $ 750 downside objective is in play between now and Thanksgiving. The reasons are apparent and have been discussed at length here. Stocks in…Continue Reading →
Many newsletter writers think so, but one has to keep in mind that what worked for 10 years for a different reason may not work now. In any case the next few days will be a test of whether the…Continue Reading →
The rally from 1074 to 1233 on the S&P 500 was a piece of cake. Now the hard part is facing all of us. The market appears to want to move into the bigger range that includes runs to the…Continue Reading →