THANK YOU S&P

THANK YOU S&P

A few thoughts and then the markets. Thank you S&P. I gather that surprises many of you as I have railed against the rating’s services for years. That hasn’t changed. There should have been criminal indictments against these companies for what they did with mortgage securities but right now, they did us a big favor….

THE TREES

THE TREES

Futures just popped on a “supposed” better-than-expected job’s report…but have backed off markedly. Europe has bounced nicely off this morning’s lows also. Just keep in mind that a bounce/rally will occur at any time because the DOW just dropped almost 1400 points in 10 trading days. It would be normal to bounce up a few…

IF THEY DON’T STOP, EVENTUALLY THE MARKET WILL STOP THEM, PART 5

IF THEY DON’T STOP, EVENTUALLY THE MARKET WILL STOP THEM, PART 5

For the past 2 years, I have been writing reports with the same title on several occasions. Simply put, if they didn’t stop the deficit spending, there would eventually be a tipping point…and it will be the markets that stop them. It is my take that the markets have finally had enough. Politicians around the…

YUCK!

YUCK!

The market remains in trouble…and in spite of oversold conditions, continues to get rocked. A few more things sticking out for me: The Transports are in imploding mode. Not good. The German DAX continues to implode…not to mention other European markets. The DAX has been a pretty decent leader of moves. Some stronger retail names…

IF THIS IS ARMAGEDDON?

IF THIS IS ARMAGEDDON?

This past weekend, I received no less than a couple of dozen emails asking me just about the same question. Should I sell everything in case no deal gets done? Frankly, I don’t blame them for asking. After watching the mainstream media trying to scare the crap out of everyone over the weekend with Armageddon talk, one would have…