We have been looking at this functional evolvement which we will give special report status in the coming weeks. The short and sweet comment is that Greek austerity is the launch point for world wide deflation. The US Republican congress will push a timid…Continue Reading →
The market is seeminly locked in a no-man’s land where the economic soft spot is offset by the belief that if it doesn’t get better, Bernanke will step to the plate. My belief remains that it will take S&P 1185 to…Continue Reading →
After his second press conference of the new transparency series it should be evident that “helicopter Ben” is no more. No doubt part of it is a Congress that is off the tracks talking about things that would ensure a…Continue Reading →
In what was probably his best speech ever, Ben laid it on the line yesterday. He is frustrated with fighting the idiotic House Republicans and the greedy bankers. He know that a much more ambitious jobs program was needed in…Continue Reading →
Some minor price levels are in play currently. The April lows were being talked about on CNBC yesterday and those lows were taken out on the S&P. It may or may not mean anything. Probably the most important sign posts…Continue Reading →
There is so much to say at this point in the long secular cycle, but the most important point right now is that the problems in the economy are structural. Probably the most important thing that was done by Washington…Continue Reading →
The support program that we suspected would be put in place at 1316 on the S&P worked for a few days. Now the test will come. Our most longterm computer programs turned bearish on 5/16/11 at 1317 on the S&P. …Continue Reading →
With durable orders down today the pressure is turning up on the air waves for the Fed to get QE3 in place. The S&P is flirting with the important 1315 area and getting ready to do a spin down to…Continue Reading →
We are at the very beginning of a strong dollar rally and what is interesting is that many don’t really want it and cannot figure out how to stop it. Two big groups that are highly affected are the Fed…Continue Reading →
The tepid rally of the stock and commodity markets since the hope for indications of signs of QE 3 out of the Fed minutes earlier this week is behind us. Short term sell and flash crash indicators are all locked…Continue Reading →