I am not one who blames Greece for much of the recent market volatility. To me volatility occurs when the string is stretched too tight and something has to give. That is where we are. Since March 2009 the markets…Continue Reading →
The trend composition of the ETF markets since the comments last Wednesday is basically unchanged. What we do have is a baseline for the changes coming.
Contributing Factor Numer 1: Cheap money for banks Yesterday the Fed remphasized the approach of leaving interest rates for the banks at zero for the forseable future. It is well known that this is to allow banks to play games…Continue Reading →
Broad reform, reform that wrings the excesses out of the democratic process, takes time. It started with Health Care, now it is Financial structure, next it will be Climate Change, and lastly it will be Immigration, all to be completed…Continue Reading →
Classical Long Term Cycle retracement bounce levels in which the primary downtrend trend remains in place are commonly measured by the so called Fibonacci Ratios of a minimum of 23.6 percent and a maximum of 61.8 percent bounce. Last Thursday’s…Continue Reading →
This is the latest addition to the long list that started in late 2008. One can debate for a long time as to what would have happened if no entity had been saved including any bank. There is no doubt…Continue Reading →
The current Long 17.6 year cycle started in March 2000. Before commodities peaked in this cycle in 2008 we saw Oil go up five times. Stocks gyrated around and peaked in 2007. The markets that I consider kind of the…Continue Reading →
On March 18 we listed three characteristics of the current stock market. The overriding term that could be applied to this situation is momentum players. Everyone in this market at this point is in it because the momentum points higher. …Continue Reading →
Yesterdays column by Thomas L. Friedman bears reading. http://www.nytimes.com/2010/03/24/opinion/24friedman.html
At the beginning of the year we saw the high for the year on the S&P 500 to be 1150. To date the high, made yesterday, was 1175. The big question for me, what does one do with this information? …Continue Reading →