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“The sea was angry that day, my friends – like an old man trying to send back soup in a deli.” George Costanza First off, please pay no attention to those who have been bearish since Noah and his ark! Whenever markets get hit, well…you know what they do. After being bullish on TECH/INTERNET/NASDAQ/NDX and…

Yesterday, NASDAQ/NDX/SOX hit 50 day moving average and bounced nicely with broader market having good day. We remain cautious on the areas that held the 50 day so far as they are trading a little wider and looser and have had a good run. To be watched. Gee…financials pass the stress test so financials will…

After dropping 168 NASDAQ  points in 2 days down almost to the penny to the 50 day average…good bounce today into the end of quarter, pre-holiday period. A few things to remember: BIOTECHS still in shape. They were hit yesterday but technically, still fine. Helping out today. The SOX is sitting around the 50 day….

We are always amazed when life-long government bureaucrats think they know better than business owners on how to run their businesses. There is a simple formula. Go too far in mandating higher costs to business owners without commensurate productivity gains and business owners will eventually figure out how to cover for the higher expenses. Well,…

As a die-hard New York Knicks fan, we are thrilled to wake up and see Phil Jackson is gone. Phil and is .350 record running the team destroyed the team. But unfortunately, Dolan remains the owner. We love central banks. As you know, we still believe we are in the midst of a gargantuan central…

We wrote the following report the day after the June 9th debacle in tech/internet and all that stuff. We were not kidding. We believe today’s action confirms our interpretation of what happened on June 9th. Read every word but we put in bold the more important lines. We do expect more nausea notwithstanding violent bounces….

When you have a second, go check out yields as they move off their lows today. Yields had been drifting lower. Maybe a short term turn has been made as yields start to head higher. So what happens? FINANCIALS get going again. There remains a direct correlation between big and medium financials and yields. The…