It’s my opinion that we’ll look back at last week as the 2008 trading low (not to be confused with a market bottom) before a harsher downside comeuppance arrives next year. – Todd Harrison, “Have we seen the 2008 trading…
We just don’t know how any indicator or assumption will fare since there has been nothing like the current market since at least 1987. Arguably, there has been nothing like it since 1929. – “When Market Analysis Capitulates” (subscription required),…
Right now it feels to most investors like the bottom is about to fall out. All they’ve seen is stocks go down, down, down, day after day after day. And that’s what they expect for the future. A few weeks…
This is capitulation: “Whatever money you may need for the next five years, please take it out of the stock market right now, this week” – Popular financial guru Jim Cramer on the Today Show this morning. The S&P dropped…
Some of the best trades come when everyone gets very panicky. The crowd can often act very stupidly in the markets. You can picture price fluctuations around an equilibrium level as a rubber band being stretched – if it gets…
The key level of support of 1200 on the S&P 500, the intraday low from July 15th, was breached today with the S&P closing at 1193 (S&P 6 Month Chart). This is important because a lot of traders and investors watch these…
If you’ve been following the stock market this week, you might have come to the conclusion I’ve come to after many years of study: The stock market is a pain in the ass. Put another way, the day to day…
Ultimately, it was another inconsequential day….. Under more normal circumstances, I’d be spending this week on the golf course, but I’m still in catch up mode. – Charles Kirk, “Another Inconsequential Day”, The Kirk Report, Wedneday August 27, 4:44pm EST…
I think oil is starting to become oversold in the way the financials were a month ago: At $113 a barrel oil is down about 23% from its highs last month. The 200 DMA (Day Moving Average) is right around…
There’s something happening here. What it is ain’t exactly clear….. There’s battle lines being drawn. – Buffalo Springfield, “For What It’s Worth” Sooner or later in a bear market, even the glory stocks start to come apart. As a bull…