Freeze The Rates!!!! And Cut Them!!! WooHoo!!!!
Stock investors seem to like Bush’s plan to freeze the teaser rates on adjustable rate mortgages for a few years to give homeowners a better chance to hang onto their houses (S&P Intraday Chart).
Stock investors seem to like Bush’s plan to freeze the teaser rates on adjustable rate mortgages for a few years to give homeowners a better chance to hang onto their houses (S&P Intraday Chart).
While the technicians continue to see downtrends and consolidations, the market is now headed higher for the intermediate term. By the time the technicians have their price “confirmation” the rally will be mostly over and it will be time to…
Wow. In The Wall Street Journal’s just completed March survey of economists, 71% say we are now in a recession. That amounts to 36 of the 51 respondents (subscription required). The probability of the US entering a recession in the next…
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…
At 8:30am EST, or about 5 hours from now, the Commerce Department will make its first stab at reporting 1st quarter Real GDP. Economists are estimating a measly 1.8% growth. In his “Ahead of The Tape” column from today’s (Fri…
I’m saying that things will be better for all the banks….. Things are getting better. It’s not just that they’re stabilizing, it’s not just they’re no longer getting worse, things are getting better. Here’s the bottom line: I believe this…
These kinds of monster rallies tend to show up during bear markets — when volatility is elevated and emotions are running high – Alfonso DePablos, “A Day For The History Books”, April 9 Wednesday’s historic rally can best be described…