Last night, I told you market was short term oversold. Well…today’s open may cure it as futures up decently. But dont get all bullish. There has been some near term technical damage done. I do not think we have entered a bear…just that we have entered headwinds territory…and must watch to see if…
No need to be too redundant here. The market is correcting. Many growth leaders breaking near term support. names like amzn,ebay biib breaking below 50 day. Short term, market may be oversold but dont be fooled. Any bounce will be just that. I do not think it is buyable. In fact, any light volume…
[email_link] Imagine a country where challenging the ruling authorities—questioning, say, a piece of data released by central headquarters—would result in mobs of administration sympathizers claiming you should feel “embarrassed” and labeling you a fool, or worse. Soviet Russia perhaps? Communist China? Nope, that would be the United States right now, when a person (like me,…
[email_link] …saying the same thing Jack Welch and may I dare say…myself have been saying! By Austan Goolsbee Published: November 30, 2003 The government’s announcement on Tuesday that the economy grew even faster than expected makes the current ”jobless recovery” even more puzzling. To give some perspective, unemployment normally falls significantly in such economic boom…
[email_link] President Barack Obama was a guest at the 1991 wedding of ABC senior foreign correspondent and vice presidential debate moderator Martha Raddatz, The Daily Caller has learned. Obama and groom Julius Genachowski, whom Obama would later tap to head the Federal Communications Commission, were Harvard Law School classmates at the time and members of…
[email_link] When Facebook Inc. (FB) filed its proposal Feb. 1 to go public, it touted the effectiveness of ads linked to customers’ friends, citing research from Nielsen, the audience-counting company. Barbara Jacobs, an assistant director for corporation finance at the U.S. Securities and Exchange Commission, was skeptical, as she and her staff vetted the filing to ensure…
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Futures are flat as I write this. Market is now in no man’s land. A place where the uptrend is in jeopardy but not in a downtrend. A place where there is very little in the way of buy points…but one cannot keep their eye off the ball because with this fed, nothing is…
[email_link] https://archives.warpradio.com/btr/InvestorsEdge/100918.mp3 JUST LETTING YOU KNOW I want to talk about a few things seriously here. As you know, we have been discussing with you that we have been seeing distribution in the markets. We are seeing certain areas that are already in big trouble. We talked about the Nasdaq and Nasdaq-100. We talked about…
There has been a reason why I have been shy in issuing new stuff. There has been 5 distribution days on the NYSE and 3 on the NASDAQ into today. Today really put a stamp on the distribution. No one knows what this will turn into but let me say, most are used to…
