Mistakes is the answer. We saw the mistakes Hoover made before 1929. We saw how the Clinton Administration and CNBC pundits talked up the heady atmosphere prior to the Tech Bubble in 1999. We saw how the Bush Administration and…Continue Reading →
The employment numbers today and the macro technical market indicators point to a high probability that the stock market has seen it’s lows through the 2012 election. Maybe it is the lunar cycle, but even Alan Greenspan was rather clear…Continue Reading →
What we mean is that the world has not come to the end. As we repeatedly point out this is not 2008. The Europeans have choices, the Germans have a lot of money, the question is how much they want…Continue Reading →
What set off this market crash. Look back at the day it started and what triggered it. On that day the S&P 500 had a high of 1343 and closed at 1320. Today the market looks like it will open…Continue Reading →
The Fed is getting results. If one looks at some of the ETF sectors that were most benefited by QE2, like DBC, DBA, XLE, XLB and compare them to what is happening with the area most hurt by QE2, the…Continue Reading →
It would appear that the S&P 500 is headed for the 1070 level by the middle of October. This all started in 2009 when Obama settled for a stimulus light, trying to make peace with the Republicans and blue dog…Continue Reading →
I am impressed. The Fed’s Twist program is having a quicker effect than I thought possible. To a certain extent the past years QE2 program’s lean towards speculation in stocks and precious metals is being unravelled. That is good. Now a…Continue Reading →
Focus today is on the FOMC’x Twist program of extending maturities of their holdings. To me this is primarily an attempt at doing something, however inconsequential, to make it appear that they are not powerless at this juncture. There is…Continue Reading →
I am almost afraid to say what I am going to say today, but there actually is a case, albeit a weak case, to be bullish on the stock market. The weak case that it is built around is the…Continue Reading →
The Fed numbers point to a small reduction in the monetary base, a welcome bit of stability that we didn’t see during QE I and QE II. The trade deficit declined as imports declined and exports increased. Also Bernanke in…Continue Reading →