Yesterday, both counts expected more downside, which the market provided. The picture has clarified just a little bit, and, as I see it, there are two main options for the short-term resolution.
What’s interesting about this market is that it’s…
Boston.comSan Francisco Bay ferry service suspended in anticipation of protestCNNBy the CNN Wire Staff It is unclear what union action is planned for the Golden Gate Bridge on Tuesday. (CNN) — Ferry service between San Francisco and points north will …
The market managers ginned up some bogus bad economic news this week and were able to push Treasury yields down. The actual, not seasonally manipulated…
The world may end in the morning, but the central banks will simply threaten to print more money and the market will rally in anticipation.…
For several weeks, I’ve been talking about the Fib zone at 1376-1378 and how I felt that could act as a magnet for the rally. Yesterday, the SPX hit 1378.04 and reversed. Could it really have been that simple all along? …
Yesterday the market traded up a little farther into the target zone, and has now satisfied the minimum requirements for the fifth wave up we’ve been looking for since February 8. I literally spent six straight hours charting…
Sometimes you get the bear, sometimes the bear gets you.
Thursday saw the rally extended even further, once again blowing through my upside projections like an over-achieving marathon runner. Thursday had the distinct feel of…
The Treasury had a little surprise for the market this week as it dropped the bombshell on Tuesday that it was short of cash. OK…
A Fed-Induced Speculative Blowoff
Why are Treasury yields rising despite hundreds of billions of Treasury purchases by the Fed?, queries John Hussman. The current debate says the Fed’s policy of purchasing Treasuries has caused yields to rise in the …
