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Further evidence this relief rally has a lot more to run? Hedge funds have a massive net short position on the S&P 500 – their largest since December 2008. Check out this chart! Hedge funds held a net short position of 71,980 short contracts at August 16, according to a monthly report on global asset […]
The markets presented quite the twist on Thursday, when the much anticipated relief rally got whacked in the face. Despite the hysterics and fear, though, US stocks did not break through their previous near term lows. If I were a betting/trading man (ha) – I may be tempted to take a short term flyer on […]
by Sy Harding Markets around the world plunged so dramatically after topping out at the end of April (the S&P 500 down 18%), that they became very oversold short-term, a condition that usually results in at least a short-term rally off the oversold condition, a so-called relief rally. And sure enough a relief rally did […]
by Carl Swenlin, President and Founder, DecisionPoint.com The Percent Buy Index (PBI) has reached levels seen only at the bear market lows in 2002-2003 and 2009-2010, and we think it has very negative implications. At Decision Point we apply a medium-term timing model to all the stocks in the S&P 500 Index, and track the percentage […]
Debt deflation icon Steve Keen is circling the wagons – he’s got a new blog post, and as usual, it’s well worth a read. Keen, a true thinking man’s economist, sees continued deleveraging that will in turn continue to drive down asset prices – likely to much lower levels. His core thesis is that asset […]
Some pundits are screaming that now is the time to buy the market – now that we’ve got “blood in the streets.” But regular contributor Sy Harding – who anticipated this decline – believes we’ve got further to go on the downside… —- Being Street Smart Sy Harding It’s Too Early to Buy August 5, […]
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