Despite the action in the financials today, the surge in financials and selloff in energy of late is something to watch. Check out BeSpoke’s post, with the beautiful charts, today: “Trading Places: Energy And Financials”. A couple weeks ago I…
I’ve been getting a lot of e-mails and compliments since my post from Tuesday afternoon “Today Is The Bottom In The Financials” proved to be right on. So I thought it would be useful to update my outlook. Since then,…
One thing that’s essential is enormous volume. With gigantic volume you can read the markets true opinion – we will need outsize volumes to be able to say ‘Okay, the bottoming or topping has occurred’. It won’t be the end…
If you’re going to be a trader, and you don’t have to be and trading is not the core of what I do, at some point you have to pull the trigger. We always want that perfect, can’t lose, super…
The access to credit via the Treasury and Fed means the implicit guarantee on the GSEs’ debt is now explicit. – Ian Shepherdson (subscription required), Chief US Economist, High Frequency Economics Capitalism without failure is like religion without sin. – Allan…
Raymond James Investment Strategist Jeff Saut has an interesting idea that “selling stampedes” generally last about 17-25 trading days. By my count, the current one just completed its 19th day (Friday June 6 – Wednesday July 2). Saut thinks today…
The trading in the stock market the last few days has been all about oil. And the trading in oil has been all about speculative psychology. Yesterday, spurred by a surprise drawdown in oil inventories reported by the Energy Information…
Risin up, back on the street Did my time, took my chances Went the distance now I’m back on my feet Just a man and his will to survive Its the eye of the tiger, Its the thrill of the…
As I’ve mentioned before, observers of financial markets speak of “critical junctures” on, it seems, a daily basis. I try hard to refrain from using this phrase often, but I sincerely think we’re at a key juncture at this point,…
All of you who have been wishing you sold some stocks earlier, who have been waiting for an opportunity to get out at a higher price, who have been whipsawed by recent market action, today is your day. Today is…