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 →
As this month unfolds you will see more progress on the structural reforms in Washington that will be needed to get the employment picture and the economy on more solid footing. As we await that situation we should see the,…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 →
Employment numbers were better today and Germany’s Merkle came through with a positive vote. These pieces will fill in holes as the stock market bottoms over the next month. These days the Talking Heads on CNBC seem to be unable…Continue Reading →
This market reset will take time. The right things are happening with gold losing versus the stock market. Important relationship levels were breached last Friday that indicate that the scenario we have outlined in now triggered. We may have more…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 →
Here is the best thing that I have read this morning. http://blogs.reuters.com/great-debate/2011/08/17/breaking-the-government-stock-market-feedback-loop/ From a longterm trend signal standpoint three signals are getting very mature: long gold, long t-bonds, and short dollar. Update: The extreme downward pressure on stock prices has…Continue Reading →
Todays Reuters headline is “World Markets Dip as euro zone plans disappoint”. And why did they disappoint, mainly because they are trying to solve their problems without resorting to the funny money Rick Perry is upset about. The pundits say…Continue Reading →
It is fun to read what the analysts believe the Fed said in its statement yesterday. The pundits seem to have the answer before they read the statement. Much of this is due to the “Helicopter Ben” legacy and all…Continue Reading →