On Monday, I told you to expect growth leaders to start gagging. On cue, they are now being sold…and sold down hard. It was my contention that in bear markets, they eventually get them all. Eventually, anything in profits gets taken down as bear markets have to go through a coughing up stage. We are…
Germany slams ‘stupid’ US plans to boost EU rescue fund – Telegraph
These people are just taunting the American taxpayer. Energy Department approves $737 million solar loan guarantee – The Hill’s E2-Wire
This is the same guy who failed miserably as Obama’s budget director and gets rewarded as vice-chairman at Citigroup. Fabulous! Too Much Of A Good Thing | The New Republic
The #1 question being asked of me is “what the heck is going on with the markets?” Good question. This question alludes to the fact we continue to get massive gaps to the upside and downside…massive swings to the upside and downside…sudden moves to the upside and downside. I believe there is a simple answer….
I guess it was just a matter of time…but finally, the market is coming after the big growth leaders off of late stage bases. Names like Priceline and Bidu come to mind but I must add that Apple now looks to be coming under pressure. Remember, in bear markets, they will eventually come after everything…
News from The Associated Press
Greetings from Orlando airport as I head out west for the next few days. After the initial knife to the downside, the past seven weeks has been a series of flops and chops, gaps and reversals and loads of wild action. But when all was said and done, it was nothing more than what I…
Union pensions: Law gives huge pension perks to union leaders – chicagotribune.com
I do not know what this portends for the whole market but some of my favorite growth stocks have been breaking into new high ground. Normally, this is good news for the rest of the market but so far, most of the market looks horrid. So…keeping it in the file manage that APPLE, AMAZON, MASTERCARD,…
