The market spiked another 1% this afternoon (on top of its morning gains) after Barney Frank announced the likelihood of the SEC repealing the uptick rule next month. Many market [ … ]
BANK CRASH NOW WORSE THAN TECH CRASH
Bank stocks have now fallen farther than the Nasdaq fell during the tech crash of 2000-2002. The Dow fell 89% during the great depression, the Nikkei fell 83% during the [ … ]
BANKS & OIL UP, MARKET DOWN?
Interesting divergence today as banks and oil trade higher and the overall market trades down. Banks and oil have been the tell since the beginning of this bear market. I [ … ]
THE FOUR LIDS ON THIS MARKET
Four topics continue to dominate the market action. In my opinion, the market is destined to remain range bound or under pressure until we get some clarity on the these [ … ]
NO ONE SURVIVES A BEAR MARKET
You’ll find that it’s incredibly rare to find stocks that perform well in a bear market. Generally less than 20% of the S&P 500 has positive returns during the history [ … ]
DOW THEORY BULL SIGN?
Richard Russell, of the Dow Letters, has been referring lately to a possibly forming Dow Theory buy signal. The Dow Transports made a new low last week which was unconfirmed [ … ]
EARLY EARNINGS ANALYSIS
15% of the S&P 500 has reported as of the 26th of January. So far, profits are down 64% year over year with the majority of the losses coming from [ … ]
POOPING ON THE HOME SALES PARADE
Investors are celebrating the surprise jump in existing home sales this morning. The National Association of Realtors said that home sales increased to a seasonally-adjusted, annualized rate of 4.74 million [ … ]
LIGHT AT THE END OF THE TUNNEL?
My expectation ratio is one of my preferred stock market indicators. In essence, it is made up of several earnings related components and compared to analysts expectations. This makes it [ … ]