Back on September 13th we said: “The problem is however, that long-term interest rate markets are now edging into a command position to take over leadership with higher interest rates, regardless of what Ben does at this point. If you are…Continue Reading →
For me it is not a question of whether these current support levels in stocks and gold give way. The question is when, next week, next month, or next year. In the meantime the markets may bounce. That is the…Continue Reading →
Jamie Dimon and Chancellor Merkle got a slap in the face the last few days. One was the face of de-regulation and one was the face of European austerity. This changes things in a significant way. The Administration is finally…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 →
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 →
Yesterday’s rally in gold and decline in stocks is being heralded by many as the start of something. It would seem to me that it looks much more like the last hurrah for the funny money let us inflate out…Continue Reading →
The most important things this month for the market was the realization that it was not going to fall off a cliff. With the rally over the last couple of days we are seeing a penetration of short-term resistance on…Continue Reading →
As the short term price action declines off the years highs in stocks and commodities it seems important to me that one look at the price action so far this year as a big distribution area for a Macro top…Continue Reading →
As 2011 unfolds the forecasts coming out of Wall Street seem to be very consistent. Stocks will have a good year, the S&P 500 is forecast to have around a 1250 to 1450 range. Bonds are forecast lower. The dollar…Continue Reading →