(Via Infectious Greed)
I have written a lot about how the Magnificent 7 are holding up the market cap weighted indexes while beneath the surface many smaller stocks have broken down (“The Market Is About To Break”, October 3). My point has been…
Fascinating piece by Jim Jubak yesterday: “Will US Repeat Mistakes of 1937?” The argument here, and I believe he’s right, is that the current economic recovery depends on all the massive government stimulus. If the government thinks the recession is…
Don’t buy it. For months now the debate has been over whether America will have a hard landing or soft landing, the answer hinging on how big 2007’s housing disaster turns out to be. Well, there won’t be any housing…
On the heels of last Wednesday’s 282 point, 6.5%, sell-off in China there was another selloff in China last night (Monday June 4). The Shanghai Index was down 330 points, or 8.26% – comparable the 269 point, 8.85%, sellof heard…
Right around 12pm PST (3pm EST), at the start of the last hour of trading, today stocks started taking off. The Dow went from being up about 80 to all of a sudden being up about 130. I had no…
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…