S&P 1132
In our post of October 29th 2008, 14 months ago, we pointed to S&P 1132 as a potential macro objective. Today we reached that area. Our portfolios did not wait for this level as I let the disappointing Obama program turn…Continue Reading →
The Game Plan
A Bigger Perspective Unfolding
While the summer vacation spirit wants to prevail, the magnitude of the stock market rally over the past week changes a lot of things over the long period. No longer are we looking for a summer trading range or a decline…Continue Reading →
Yesterday was the Start of Something Serious
We have the benefit of being able to watch daily readership of the website. Yesterday was classic, viewership compared to average was down over two thirds, a telltale sign of a reaction to a big down-day after a sell recommendation. …Continue Reading →
S&P Long Term Views
After a quick glance at the charts this morning I would say it would appear that last year’s pattern may hold, where the gold stocks were the early indicators and the stock market followed it down by about 15 trading days….Continue Reading →
Stimulus is way Short of Needs…………..with Update
The stock market rally off the 666 S&P lows is in our opinion primarily a reflection of the big players being out of position. The capital structure of this country is being rebalanced. On the otherhand as we said early…Continue Reading →
Taking a Breather Here…….with update
This morning we are dropping our leverage ratio further to 0.80 on the EMA ETF Fund and the Aggressive Portfolio and to 0.40 on the Conservative Portfolio. It is not that we see a big break coming here, it is…Continue Reading →
S&P 1040, and Still a Bear Market….Update-a new trading range
It is important that one keeps in mind that this rally is due to over pessimism and the big players being out of position. It still has a long way to go because today is the first day that they…Continue Reading →
Building a Base for The Next Two Phases
Yesterday we outlined how the bubble bursting unfolded to date. The market is now churning within a consolidation base as it prepares to deal with the implementation of the various Obama initiatives. These implementations will kick off in the next…Continue Reading →
Fixing Bubbles, a Perspective
Too many big cars, too many big houses, too many big bankers, too much BS, couple that with a willingness for a majority of the world to willingly borrow or lend on inflated bubble values and you have a prescription…Continue Reading →
It’s Not That Things are Better
It’s that they are not turning worse and the initiatives, both public and private, that affect the real economy, not the banks, are for the most part, yet to be implemented. A major battle in the market has been ensuing…Continue Reading →