Now it is down over 500 points just yesterday. More names being added to the failure lists. The downtrend is still in place. Unknown factors keep popping up. All consumer prices are out of hand and the top of the cake, the whip cream & cherries is the Presidential election. If you visit any site for discussions regarding the election, such as TOPIX, you will see and read the most postings of angered, twisted, and most hateful statements made by Americans all across the United States. If Obama wins the election, there will be circumstances that will lead to Chaos, violence and unrest ...
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4/7 - "...the real economy is characterized by an excess supply of goods. That, in conjunction with rising import costs stemming from a lower dollar, means that many US firms are in for reduced turnover and reduced margins, ergo reduced profits. Thus, brace for dramatically lower earnings of some companies...The only ray of hope is the earnings of price-sensitive exporters who are beating their European competition on price in markets with good economic times, such as China or, increasingly, Taiwan...The other sector that could provide robust earnings is "service staples" such as health car...
3/23 - "The most important factors are bullish...These elements took the market from a death watch -- everyone guessing who would be the next "Bear" -- to a situation where Punk Ziegel's, Richard Bove, called bank stocks the buying opportunity of a generation."
"Wednesday's trading, down nearly 300 in the DJIA, was the disturbing factor for the week...We agree that there was nothing in the Fed action to generate this reversal, nor the strength in the dollar. There was also broad selling in stocks thought to be part of general hedge fund portfolios."
"The ETF Sector approach got caught in...
3/24 - "Last Monday, I wrote on my blog that I thought it was likely we had seen the lows. Still, I wanted to see how the market fared on Tuesday, so I held off submitting my column. I never thought Tuesday would see such a huge rally, but it just reinforces my view."
"The technicals often do a better job of highlighting bottoms, even though you never truly know without hindsight...if you look back at any major market bottom in financial history, you will see that bearish sentiment always hits extreme levels. I saw that last Monday."
"I heard a lot of people saying that Monday's action di...
3/24 - "I definitely agree that there are plenty of opportunities, but here's my little quibble: the best opportunities are not during expansions or contractions, but during turning points."
"When the turning point comes, the opportunities will be abundant for those who have been out hustling."
3/24 - "I have noted my belief that just about every aspect of of the way this market has rolled over into what looks like a bear market and the big picture catalysts that triggered it has been very textbook...In that light it is possible that it could continue to be textbook throughout the process and on into the eventual real upturn."
"Of course anything is possible. A bottom could be in, there might not be a recession and now could be the time to buy. I don’t think any of that is the case but it could be...This is the nature of feel good rallies. You wonder if this is the rally and ofte...
Confidence Everywhere
- CONFIDENCE EVERYWHERE
You can't turn on the television without seeing some talking head so happy about the confidence returning. They are saying that ...
Printing Press Working Overtime
- PRINTING PRESSES WORKING OVERTIME
I am amazed at the level of bailouts/workouts/handouts/ that we are seeing. I was most amazed this morning when the ...
DELEVERAGING OR DEFLATION??
- DELEVERAGING OR DEFLATION??
So many people are confusing deleveraging with deflation. Lets go back to Jim Rogers fundamental discussion on oil. He sim...
Confidence Restored?
- CONFIDENCE RESTORED?
Have we all of the sudden seen a dramatic improvement in confidence? The action over the last 2 days (the best 2 day gain since 1...
Buy and Hold
- I came across this article on Seeking Alpha...
On Monday night, the Fast Money crew talked about the death of buy-and-hold investing. I agree that a...
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About Dow Jones Industrial Average
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