David, thanks for the work. The content is excellent. The point about staying away from the TV pundits is critical. If you listen to it long enough you may actually start believing it.
S&P 500 Down More Than 1% for First Time in 26 Days [View article]
With the Financials hemorrhaging so much capital, I am having difficulty believing that the market can rush higher with that occurring. Can the S&P rally without the 15% or so that the Financials consume?
Great analysis David. I think you can be confident of one thing. That the current sideways movement will break either up or down. Maybe depending on exactly how exhausted those bears are.
Investors, Traders Create 'Perfect Storm' for Currency ETFs [View article]
Japan is an export economy. Rates are 0.5%. JPY export goods will become more expensive (autos, plasmas, LCDs). The BoJ intervenes to support the exporters and reduces rates. The FXY is political. How does the carry trade unwind? What low rate currency does it go to? Why does the non-resource based JPY stand up?
Friday's Outlook: Stick a Fork in Mr. Market [View article]
Mr Market is always right. And tomorrow, rational or irrational he will be right again. Maybe there will be panic tomorrow, with Europe and Asia torching Monday/early Tuesday.
Friday's Outlook: Stick a Fork in Mr. Market [View article]
There were tons of pundits saying surprise rate cut. Not much of a surprise if you ask me. 1280? 1250? Not enough panic yet, and the shorts are carrying the ball here with lots of powder.
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Hooke's law, it felt a little like that today. Pure, unabated buying.
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