clipped from www.financialsense.com Since the March 9 market lows, we have seen broad-based pessimism give way to a synchronous relief rally in risk assets around the world. We would like to believe that March 9 was “the” low of this bear market, but having studied more than 100 years of market cycles, we must acknowledge [...]
With the intense economic environment of massive job losses and an uncertain stock market, it’s not surprising to learn that people have hunkered down and increased their savings to help weather the storm. In fact, some experts suggest that the savings rate in the United States is at its highest point than it has been [...]
Today’s rally topped out at the 61.8% Fibonacci retracement level, to the exact point! It will be interesting to see if that is the top of the most recent rally.
54% of today’s volume was to the downside. I find that surprisingly telling that we are closer to a top than a new leg up. I also found it extremely difficult to make any money trading momentum. I think the only people who really made money today were those who carried positions over from Wednesday. [...]
Has the Housing Market Really Hit Bottom or Is It Headed for Another Collapse? By Jason Simpkins Managing Editor Money Morning A rash of positive housing data has given some analysts hope that the housing market has bottomed and an economic recovery is underway. But the soaring unemployment and rising mortgage rates could lead to [...]
Nothing really does change does it? You’d think that after more than 70 years the Government would learn to stay out of the free markets. Even back then people were complaining about the manipulation and interference that went on. We may have a few years scattered throughout the decades when it’s really OK to use [...]
The Dow seems to be stalling like it did back in June. This time could be a different end result as we’re right near resistance and a rejection wouldn’t be unreasonable. I wouldn’t be shorting this until the breakdown occurs, as the trend is still up and a violent upside break wouldn’t surprise me either. [...]
Anytime you look at a chart and see a dramatic move such as this, it’s important to take notice and dig deeper for implications. clipped from www.financialsense.com Below you see the big picture of all cross-border flows in May as published by the U.S. Treasury. It shows both foreign investment in the U.S. and U.S. [...]
Will First-Half Gains Give Way to Second-Half Pain? [Editor's Note: After more than a year of chaos and controversy, some of the leading U.S. banks saw their stock prices soar during the second quarter. As part of its mid-year forecast series, Money Morning examines the outlook for U.S. banks for the rest of this year. [...]