That is what the pundits and advertisers keep pushing in the media. There was a time to BUY gold, like in 2002 when Washington was out of control and wars were being started. That period ended in March 2008 when…Continue Reading →
While the technical indicators have not turned back down yet, the bounce period is getting old in the tooth and sell signals are looming. Macro indicators still point to a decline to the value area mentioned before. No doubt asset…Continue Reading →
Yesterdays NYT article expands on the theme that is central to where the markets are headed. We are in the hands of the political forces. Hopefully enough of Washington will pay heed to what Krugman outlines. http://dealbook.blogs.nytimes.com/2010/06/21/krugman-spend-now-save-later/ At the moment…Continue Reading →
I seem to continue to under estimate the bounce capability of the markets after the March 2009 stock market lows. The bounce off the big 2007 to 2009 period tested the upper 62 percent retracement limit and this current bounce…Continue Reading →
Politics and economic activity have a direct connection. The current debate and one that will heat up through the next two elections is and will be about the debate between the Deficit Hawks and the Green Employment Empowerers. My contention…Continue Reading →
These two overhanging issues are the offset to the current predominate market player bottom fishing attitude. Bernanke talked about these issues yesterday and they will not go away easily. As we have outlined in blogs some months ago, attacking the…Continue Reading →
I got back home last night. The stock market wants to bottom but time and price are not right. Economic numbers should continue to inch up but too many market players are out of position with position averages that keep…Continue Reading →
That means stocks have not bottomed and are probably not close. What I have said recently still holds. When gold falters, stocks will bottom. The S&P overnight has backed off to its pivot point and this week we will see better…Continue Reading →
The next upward phase of the stock market off of the March 2009 lows will be marked by a much different complexion than the reflation, everything rallies move, that has been seen over the past 14 months. You pick the…Continue Reading →
We know what we are looking for as a sign of a bottom. Now a dose of patience in waiting for it to trigger is all that is required. The “Flash Crash” scenario that so many investors are looking for could…Continue Reading →