Abby Joseph Cohen On CNBC: Sell Signal????
One of the tech bubble’s biggest cheerleaders was back on CNBC today being interviewed. This strikes me as a sentiment tell and potential sell signal……
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The big news this morning is an announcemement by UBS that they will take a $10 billion writedown on their US subprime exposure and also that the Singapore Investment Authority ($9.75 bil) and an unnamed Middle East investor ($1.75 bil) have made investments…
Today at 1:30pm EST Fed Chair Powell will give a speech at the Brookings Institute on “The economic outlook, inflation, and the labor market”. Let me save you some time and tell you in advance what he will say: First…
I think we’re setting up for a much anticipated bounce next week. First, we’re majorly oversold here. We’re down about 10% on the S&P in just the two and a half weeks of 2008 (Jan 2-4, Jan 7-11, Jan 14-18)(S&P…
Today the stock market officially became a bubble. There’s been a lot of talk lately about if the stock market is in a bubble. The consensus seems to be that there’s some froth but it’s not a bubble. Most of…
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