With the employment number now history we can now look at a period of settling in for the market. Over the next 60 days look for the S&P 500 to trade between 1180 and 1270 and pivot around the recent…Continue Reading →
With the markets wrapped up in-between opposing forces we believe that our trading and investing actions have to reflect that reality. That is why we are long stocks a little as we let the markets wander through the coming election period. …Continue Reading →
Congress and Obama have an opportunity here. No doubt there will be a lot of rhetoric, but will there be action that shows they heeded the wake-up call? Here are some thoughts that come to me. Other than the technical…Continue Reading →
With the debt limit debate winding down we go to more important things, the economy and employment, neither of which look healthy at the moment. The S&P 500 will run into a headwind in the 1320 area and there is…Continue Reading →
Amazon, Apple, NetFlix, McDonalds, Dunkin Donuts, what do they have in common? Internet and cheap bad food that helps the populace deal with the stress of unemployment and political chaos. In terms of trend the stock and commodity markets basically…Continue Reading →
Why did the market yawn yesterday? I think what we outlined in yesterdays blog is behind it. The Tea Party is playing hardball and the Obama Administration is playing softball. Obama’s speech said the right things but then towards the…Continue Reading →
I’m back from a weeks vacation and it would appear that Obama and the Democrats are going to cave in to the right wing nut jobs who have paralysed the markets. In spite of his (Obama’s) rhetoric “if not now, When” his…Continue Reading →
That is where we are now that the Republicans finished off the Reagan era of voodo economics. It will be interesting to watch Bernanke’s testimony to Congress today. I will be content if the pattern, which I agree to, continues…Continue Reading →
The budget battle in Washington is really just the final collapse of the trickle down programs that were started thirty years ago. Two ironic factors have evolved out of this disaster; 1) the conservatives are pushing more of the same…Continue Reading →
As the stock market summer relief rally stalls and Washington builds to a crisis it may be a good time to read a couple of good articles that are pertinent to what we are seeing unfold. http://www.truth-out.org/ideological-crisis-western-capitalism/1310127895 http://www.nytimes.com/2011/07/10/magazine/sheila-bairs-exit-interview.html