A Meaningful Low Is Near

A Meaningful Low Is Near

Take a close looks at the eighteen red dots in the chart above by Jason Goepfert of Sentimentrader: 1987, 1990, 1998, 2008-2009, 2018-2019, 2020. Breadth readings this bad – this many stocks hitting 52-week lows on the NYSE and NASDAQ…

Is The Bottom In?

Is The Bottom In?

The powerful three day rally from Tuesday through Thursday has generated a lot of excitement and speculation that the bottom may be in. The NASDAQ is up more than 1,000 points (8%) over that span. Grant Hawkridge tweeted a nice…

Buy The Invasion

Buy The Invasion

What investors have been fretting about finally happened: Russia invaded Ukraine Wednesday night. Bears have been correct in saying that we won’t see even an intermediate bottom until there is real fear – and we haven’t seen it yet. Well,…

Is This 1929?

Is This 1929?

From August 24, 1921 through September 3, 1929, the Dow Jones Industrial Average surged from 63.90 to 381.17 (+497%). From March 9, 2009 through November 19, 2021, the NASDAQ Composite surged from 1,268.64 to 16,057.44 (+1166%). In terms of the…