Tuesday Morning Quicky
Just want to welcome everyone back – hope you guys had a relaxing Labor Day weekend. Well, I hate to be right all the time (not really) but what I was predicting since last Thursday is exactly what we’re seeing…
Market Madness
Financial markets are known to push people just past the breaking point before reversing strongly back to the larger trend. This is perfectly normal for wave 2 behavior, which I believe is over at this point. While our line in…
Where did he go?
I will apologize for my absence tonight, I had a few things come up. This will be quick, but I will follow up with some more commentary during the day tomorrow. As the market stands right now, we have breached…
Two Lines in the Sand
I’m going to make things extremely short and sweet tonight as our comments counter indicates that the majority of our audience is either enjoying a week in the Hamptons or has simply walked away in disgust until after Labor Day.…
Take a load off…
I am not one of the random speculators out there that is willing to believe that the market is being “held up” by any particular stock. Or that their is one particular “shoe” that is waiting to drop, but I…
Line in the Sand
What a difference one weekend can make. Friday turned into a major bear squeeze and anyone getting scared out their short positions probably kicked themselves by about lunch time today as the tape painted a complete u-turn on all averages,…
Another “fun-Friday!”
Let me start out by saying that Friday’s action could have been better, but it could have been a whole lot worse. The markets pushed up in the larger retracement that we had expected, though not preferred. The $COMPQ moved…
Slope of Hope
Tonight’s post is dedicated to Tim Knight – fellow bear and ‘friend of the blog’ – who also happens to run our favorite blog called Slope of Hope. Well, who am I kidding – most people reading this probably came…
Watching paint dry…
Fairly uneventful day across the board. Stocks rallied in the morning, dipped down around lunch, and decided to rally into the close. Not much gained or lost today. Yes, today was better for the bearish case than a 200-point up-day…