Today’s Market Action: Deflation is Back!

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Today’s Market Action: Deflation is Back!

You can run, you can rally on low volume, but ultimately you can’t hide from deflation! Today the Deflation Bird digested and ultimately pooped on the lame FOMC statement issued yesterday.  It will take more than that, says our feathered friend, to stave off the ravages of deflation. It was one of those now “all […]

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Back to the 50% Retracement on the S&P – Where to From Here?

Which Way Wednesday – On the 50% Line – Again Courtesy of Phil Davis at Phil’s Stock World Wow, what a ride! Here we are back on the 50% retracement line at 1,121 on the S&P. As Barry Ritholtz points out, it’s the 5th time we’ve been here and, as I said yesterday, Barry says “Its going […]

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