Briggsy

Sucker's Rally Approaching an End

The market is like a flock of birds or a school of fish. Over the long haul, they will follow the food. But in the moment, they simply go where they are headed. And together.

On Apr 14 02:39 PM Mad Hedge Fund Trader wrote:

> It certainly is overdone short term. Will someone please help me
> out here? Q1 is widely expected to be the quarter from hell, with
> earnings expected to plummet by 38%, and the market rockets 26%,
> the biggest hyperbolic move since 1930. Is there a disconnect here?
> I know I only got a magna cum laude in math in college, not the summa
> cum laude I deserved (my professor didn’t understand his subject
> and hated me for it). But is it possible that the market has gotten
> ahead of itself? Just a tad? Is the economy really going to have
> the massive bungee cord type recovery that the market is discounting
> here? Could we be setting up for the perfect sell in May and go away
> scenario, like we saw last year? I don’t get this. I await your comments
> in earnest.

Have We Seen a Head and Shoulders Bottom in the Market?

Looks more like a flag or pennant since the November low. That implies a continuation of the bear with another major down leg soon.

Why I See Long-Term Deflation

Destruction of wealth and the absence of future prospects to acquire wealth are both deflationary and self-perpetuating.

Let's Randomize the Market Close

Philosopher has it exactly right. Why is Forex open 24/7 and the U.S. stock markets not?? Here in Illinois, car dealerships are required by law to be closed on Sundays. Is it like that? To ensure that market makers can all have time off to spend with their families? How precious.

Year End Picture for U.S. Market Shows Bullish Patterns

The December 1st close looks like a genuine, bona fide higher low. We haven't seen one of those since the summer rally.

Today's Market Action

The election of 1900 was McKinley not TR.

Is the Market Rolling Over?

Why are the point & figure charts for these indexes still strongly bullish?

August Is the Cruelest Month for Shorts

The Russell has been straight up for the last month. If you want to be long, you need a pullback, which should be with us imminently.

America's Fiscal Crisis: Tough Decisions Needed Now

Election laws throughout the U.S. are very purposefully written to keep the two major parties in office without serious challenge.

If you want better choices, reform the election laws. But who from among the entrenched interests would be foolish enough to advocate that??

A Stock Bottom Doesn't Mean the Bull Is Coming Back

The Russell has been straight up for the last month. Straight up usually needs a pullback to present one with a suitable entry point. Look for that and then pounce on it.

Incidentally, a bull market and a bear market rally which takes the market to new all-time highs seems like a distinction without a difference.

What To Do With 'No End In Sight'

I just don't see "regression to the mean in an undervalued market" taking us much about the 50-day moving averages.

You may be counting on a greater number of greater fools than can be found among the walking wounded.

Market Outlook: Watch Out, the Signs Can Be Deceiving

Stable DRIPs? You are building in quite an assumption there. What exactly exempts the stock of these companies from the long drop, especially if their dividends need to be cut? Just trying to make the case that we are headed for a point where you will look at the value of what you thought was safe and ask "for the love of God how is this possible??!!"

Market Outlook: Watch Out, the Signs Can Be Deceiving

What persuaded me that the bull was over is what CME was able to buy NMX for. In a so-called commodities boom. Nope, all you have to do is look at the weekly charts for the major indicies. And may I suggest you start with the undaunted FXI.