Yesterdays Fed action means that we are closer to the end of this stock market rally than we were prior to the Fed meeting. Apparently the Fed didn’t get the message of the election that change was in the air. …Continue Reading →
Yesterday the Nasdaq 100 broke through its 50 day moving average and came within one point of the 100 day moving average. The Dow, on the other hand, is 11 percent below its 100 day moving average. We continue to…Continue Reading →
While Geithner’s public style does not inspire a lot of confidence, supposedly he is smart and doing the right things behind closed doors. Maybe that is the right thing for the moment, less hype and more thinking. It all works…Continue Reading →
The S&P by trading inside the 699 and 734 range yesterday, passed the first technical test of the macro bottom formation. Now we have a couple of free days, in fact now it would be nice to see a push down…Continue Reading →
Obama’s speech last night pretty much put Trickle Down away for this phase of the 72 year economic cycle. Trickle Down created a lot of economic activity but in the end the bottom-line numbers showed that it was best at…Continue Reading →
Bernanke and Obama have put together an approach to address the raping of America by the privileged class that has gone on for 28 years. This is a big deal and it is not ending quietly, but it is ending nevertheless. The…Continue Reading →
If you accept the fact that spending on WWII was the biggest factor that pulled the economy out of the 1929 + Depression you had better start thinking bigger in terms of what it will take now. Obama needs to…Continue Reading →
Technically a close over 900 on the S&P is a breakout with a 1040 short-term objective. Other than that, read the news, it is terrible. Also reread last weeks comments here. There is nothing new to add. 7:55 AM Update…Continue Reading →
Yesterdays sharp market decline fell right into what technically should be a right shoulder retest area. Our leverage ratio moved up yesterday to as follows: Regular Stocks/ETF’s 1.092 Long Commodities/Basic Materials/miners .066 Short T-Bonds .096 Long Gold / Gold ETF’s …Continue Reading →