On October 4th, the markets were heading into new low ground as the call for a bear market pervaded the air. At 3:15, the market reversed and had a monstrous move into the close. This was a washout day…in where the last of the sellers give up. This action had me writing the following paragraph…
K Street money flowing into deficit panel – TheHill.com
Car Company Gets U.S. Loan, Builds Cars In Finland – ABC News
The Austerity Myth: Federal Spending Up 5% This Year – Investors.com
I guess the 100 million Americans that make $39,999 or less will now just quit their jobs. Rep. Jesse Jackson Calls On Government To Hire All Unemployed Americans For $40,000 Each | Fox News
News from The Associated Press
Earlier today, I wrote to you that I thought the market was due for a bounce. After all, everything was so stretched to the downside, the talk of a bear market filled the air while many were heading for the doors. At 315 pm, the market was being trashed again. I was asking myself…”Gary, why do…
Durbin to Bank of America Customers: ‘Get the Heck Out of That Bank’ – ABC News
I am a big believer in symmetry in the market. Many times, a stock, sector or a market will bounce off specific moving averages in a bull market for a very long time. The same goes for a bounce into moving averages in a bear market. The longer something holds a specific area…and then breaks,…
