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Even though the DOW was up 70 yesterday, Advance/declines were horrid. New yearly lows picked up markedly with another 1,000+ names just above new yearly lows. TRANSPORTS, SMALL CAPS, MID CAPS, RETAIL, REGIONAL BANKS, THE BIG BANKS and a slew of OTHER AREAS finished at either closing lows or new yearly lows. We cannot begin…

Less wild day yesterday but DOW still dropped 300 points from the highs. Overnight, futures were strong…then flat and then Draghi from the ECB said something about weaker Europe and balance of risks are now to the downside= MORE EASY MONEY and then something about China buying soybeans. Not kidding. DOW 24,000-24,200 S&P 2,620-2,640 NASDAQ…

They wouldn’t dare reverse another big gap to the upside. Would they? Recently, just a bunch of gaps to the upside and downside with ridiculous intraday action leading to reversals. But: Using the DOW, after a 2,800 point drop in 18 days…after a 2,150 point rally in 8 days…after a 2,000 point drop in 9…

Janet Yellen was quoted as saying there are gigantic holes in the financial system and warns of another potential financial crisis. Now that’s funny. The woman, along with Bernanke, brought us 8 years of 0% interest rates, the printing of almost $5 trillion and in concert, had Europe and Japan print and actually go into…

-First:- -Macron announces wage hikes and tax cuts. Let’s see, spend more taxpayer money without any productivity gains with wage hikes but take in less taxpayer money by lowering taxes…you know, the taxes that pay all the wages. Sure…that will work! – -Second:- -Vote yes on Brexit. Wait 2.5 years. Negotiate something that looks like…

Futures reversed overnight. Were down 200…now down just a wee bit…but was actually up nicely 30 minutes ago. Let’s not forget a few important factors. MAJOR INDICES are now sitting at or near the lows that have now been hit three times. The last time was Thursday, where the market experienced a strong reversal. Friday…