To continue with my thoughts on Friday: For the near term: It is good news that the NASDAQ showed great relative strength versus all the major indices. As I have told you for years, the NASDAQ is the risk index. It leads up and it leads down. Let’s just hope this continues. Technically, I think…
I have read everyone’s opinion on the Bank of America fiasco. Many talked about what a good deal it was for Warren Buffett. No…it was a great deal for Buffett. Many talked about how BAC gave away the store. Many talked about their suspicions about the deal based on a meeting Buffett had with Obama. For me,…
Bachmann’s local bridge project could draw criticism from Republican rivals – TheHill.com
When I told you earlier that I thought there could be some near-term good news, little did I know. I simply saw the Nasdaq get a big bid while the Dow was still down 100. The Nasdaq’s strength has lifted all boats. I will have a bigger report over the weekend wrapping up another nauseating…
I shouldn’t say this because it is only 1020 am but NASDAQ showing supportive action…even when DOW was down 200, felt no selling in the NASDAQ…so with DOW down 100, this could be some near-term good news. I always want to see the NASDAQ lead and this morning, it definitively is. As far as Bernanke,…
Mortimer Zuckerman: Obama and the ‘Competency Crisis’ – WSJ.com
Maybe you want to change the law? Grizzly shooter garners support – Coeur d’Alene Press: Local News
“To the Apple Board of Directors and the Apple Community: I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple’s CEO, I would be the first to let you know. Unfortunately, that day has come. I hereby resign as CEO of Apple. I…
The market experienced a follow through day yesterday. By my discipline, it means the market is back in an uptrend…but…keep in mind, there has been a lot of damage done…and if this is going to work, it may take some time. It is just good to see the market holding the recent lows and actually…
Yesterday I told you that GOLD STOCKS were breaking out but that my worry was that the metal was ridiculously extended. I asked what would happen if the extended metal started pulling in. We got our answer today as GOLD is down big…with the underlying stocks following as their breakouts fail. I read this morning that the GLD…
