Yesterday, I told you that I thought market was going to head higher in the near term. I saw several things. I saw that support held at the bottom of the wedge. I saw that the all-important Semiconductor index was getting the bid and saw Retail also perk up. In case you didn’t know, I…
No wonder our deficits are massive. The message: To avoid slowing the economy even further, the deficit must get worse before it gets better. Insanity rules! CBO chief warns debt panel spending cuts could slow recovery – TheHill.com
There are times I am bullish. There are times I am bearish. There are times where I think markets are in no man’s land just being moved around by the news du jour. I think we are in one of those times. I think we could go higher here as the lower end of the…
The following are selected quotes from the recent Obama job’s speech. In the bold is my answer to each. Sorry for some of the sarcasm. I can’t help myself. “These men and women grew up with faith in an America where hard work and responsibility paid off. They believed in a country where everyone gets a…
I thought it appropriate to send out what I wrote to you over this past weekend. I put in bold what I think you are starting to see right now. Remember, all I am doing is providing you characteristics of bear markets. This one continues to act in a classic fashion. Eventually, you will see…
Take away the big venue. Take away the politicians. Take away the soaring rhetoric and what do you have? I think it is simple…a 34 minute speech about more taxing and more spending cloaked into a lot of blah blah blah. With all due respect, this was another $450 billion of nonsense. There was not…
Gaps and reversals…reversals and gaps. Rumors about this and that! How does one play this market? Lightly! But after all the noise, I just continue to look for any changes. For someone who has been overall bearish for quite a while, I am always looking for light at the end of the tunnel. Here is…
In my past couple of missives, I told you markets were rallying right back into resistance. This is the “normal” action I told you about that occurs in bear markets. To review…when markets gets extended and stretched from the norm, eventually they move back towards the norm before resuming the major trend. In this case,…
What did you expect? What did you expect when the President went on the tube to tell everyone that if we don’t raise more debt to pay our debts, we would be on the precipice? Did you expect businesses to hire more employees? What kind of confidence did that move instill in the job creators…
Read a transcription of an audio interview I did with Tim Bourquin of the MoneyShow.com. Enjoy. Click here to read the interview in it’s entirety.
