Joe Public

April's Little-Known Bullish Trend

I would have said that the market reached its nadir on March 9, instead of the "market plummet reaching its zenith", but that's just me. Nitpicky, I know.

Wall Street Breakfast: Must-Know News

Not that I was ever tempted to do this, but I won't be taking market timing advice from Harry "it's not going to be a pleasant sight" Reid. As I write this, the S&P is up a point on the day. Bravo to the Senators who just said no to this multi-billion dollar band-aid. But a big Thumbs Down to every single one of them who value their December vacations more highly than continuing to work on this problem. Didn't we rip the Iraqis for taking their August vacation instead of working on their constitution? What's so different here?

Another Bear Market Theme: S&P 500 vs. Consumer Discretionary Sector Strategy

I'm a little confused on this one. On the SPY vs. XLE post, Mr. Stokes speaks of the daily closes, implying that the comparison is to the daily price movement and that the position is subject to daily rebalancing. Here, he speaks of a "Thursday" close. Is that an editing mistake, or is he suggesting a weekly comparison and a weekly rebalancing? I'm assuming the former, but a clarification would be welcome.