I have been trying to piece together what the heck happened yesterday afternoon when the Dow at one point plunged 1000 points. The selloff was short lived and low volume and the increasing prevalence of computer based trading appears to be…
In an interview on CNBC’s Closing Bell Wednesday [SUBSCRIPTION REQUIRED], BTIG’s Chief Market Technician Jonathan Krinsky said that the current rally is either the weakest start to a bull market ever or the biggest bear market rally ever. He said…
The time of maximum pessimism is the best time to buy. – Legendary Investor John Templeton Yesterday Merrill Lynch released their monthly survey of fund managers for October. The survey covered 172 fund managers with $531 billion under management. Merrill…
The Giants spectacular win in the Super Bowl yesterday bodes well for stocks according to the surprisingly accurate Super Bowl Indicator. According to MarketBeat, this indicator has predicted the stock market in 33 out of the 41 prior Super Bowls.
Making short term market forecasts is extremely dicey but I have a roadmap into year end. With 6 data light weeks left in the year after this week, two of them holiday shortened, I believe that we’ll see an imminent…
Krugman is relentless in his calls for increasing government involvement in the economy and regulation: What’s clear is that Wall Street in general, Goldman very much included, benefited hugely from the government’s provision of a financial backstop — an assurance that…