A lot of good things have happened since January 2009. The Fed kept interest rates low and the Administration got a little stimulus going. These steps averted the Great Depression II. Ben’s worry no doubt, is that the expected Republicans…Continue Reading →
Regardless of how the pundits put it, they all want a repeat of the 1997-2007 Bubble Play. They think they now know how to get out a day before the Bubble bursts the next time. Granted that the current mini-rally…Continue Reading →
The rally that we discussed a week ago today is in progress. It may or may not reach the 1150 S&P level, it may be ending today, but regardless of the short-term action the Macro picture is evolving as the…Continue Reading →
We missed this little trading rally, by not being aggressive enough in our last comments. That means, stay with the Macro short position. The election direction seems to have turned with Obama’s speech last week. Now we can wait for…Continue Reading →
The summer (June-September period) that has just ended has seen a sideways trading market with extremes of 1010 and 1130 on the S&P 500. The central area for that period has been around the 1080 area. We plan to get…Continue Reading →
The hope of a real recovery in the economy that we spoke of in our previous post has been lost in the market activity since. A real economy and market up swing would take a solid base. That solid base…Continue Reading →
I will be out west for the next week visiting a friend, a Medicine man. Perhaps a little fresh insight will be good. I see the markets going into a climactic period over the next 45 days from which a…Continue Reading →
Last week the S&P 500 sold off to a minor support level at 1039. At the moment the market is kind of waiting for the other shoe to drop, one that will push the market down into the value area. In…Continue Reading →
The press and CNBC mouthpieces seem almost unanimous that Ben Bernanke will dump cash on the economy at today’s meeting. I would be very surprised if that occurs. He seems, by all indications that I see and read, attempting to…Continue Reading →
As the stock market stages for a move down to the value area of support (S&P 890 to 930) it might be a good exercise to think about what will allow things to change at that point. Again the word…Continue Reading →