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Stocks continue to defy gravity, as the S&P finished today at a 17 month high. Amazingly, the S&P has completely retraced it’s most recent drop from January. The markets swung from quite oversold, to quite overbought, within the span of a month. Once again, we learned (the hard way) not to bet against the S&P […]
A few weeks ago I glowingly declared that the bear was back in charge, and that the new trend was down. Channeling Lee Corso – not so fast, my friend! It’s been a strong retracement of the Jan-Feb decline: Markets have rebounded – from oversold in Feb, to overbought in March! (Source: Yahoo finance) BUT […]
Who in their right mind Would want to be long right now? Get out or get short! Why the Markets Could All Crash – Soon Investing is a largely probabilistic endeavor. It’s nearly impossible to know exactly how the future will unfold, so instead we play the probabilities, in an effort to weigh the risk […]
Not too much new here Just a bear market rally On it’s last hurrah! One Last Hurrah for the Bull! Had family in town this weekend, hence the late post, but there’s really not much going on anyway. This current rally feels like a last gasp countertrend rally that’s just about out of steam. Where […]
Sovereign debt – all crap Who could have expected this? Socialism’s toast! Contrarian Valentine’s Day While I’m tempted to wish you a Happy Valentine’s day, dear reader, I have no doubt that you won’t be running with the herd tonight for dinner and a dozen roses. No sir, not here – when my wife insinuated […]
The “reflation” trade Just a standard retracement? The bear may be back! They Are Still “All the Same Markets” Like many of our astute readers, I was not impressed by the reflation trade. While the strength of the rally was indeed quite substantial, when you sum it up, it was a mirror image of the […]
The trend is your friend But it’s still a bear market So the trend is down! Closing in on the 200-Day Moving Average Last week, I mused that I thought the markets had turned down, but that we’d need to respect the moving average before being 100% sure. We’re not there yet…but we’re gaining ground […]
Fear – have you returned? The markets forgot ’bout you Have we hell to pay? NFL: Both Public Teams Cover I’m a day late publishing the weekly update this week, partially thanks to the NFL conference championship games. I normally write on Sundays, but instead devoted yesterday to three great American pastimes – gambling, drinking […]
Doug Casey was a little bit early on his impending disaster call – like a decade or two – but he seems to be on the beat of this unfolding economic disaster right now. To Doug’s credit, Crisis Investing for the Rest of the 90’s is a fantastic read, even though the title is not […]
Regular readers are aware that we’ve been watching the Chinese market as a potential leading indicator for US equity markets for some time. Our astute readers aside, of course, the average financial slob (or pundit, if you will) seems unaware that the Shanghai Composite topped way back in August. When I posted this chart and […]
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