Lost of Confidence
It sure feels like 2008. Unfortunately this time people are realizing that kicking the can down the road or government backstopping might not work because we have already tried the same thing in 2008. Throw in the...
Read MoreIt sure feels like 2008. Unfortunately this time people are realizing that kicking the can down the road or government backstopping might not work because we have already tried the same thing in 2008. Throw in the...
Read MoreAfter such a brutal market day, I have decided to share an excerpt from our nightly subscriber commentary with all ETF Prophet readers. Hang in there gang…. “When I wrote last week on reducing exposure in...
Read MoreFor me, the recent market shakeup has highlighted the growing pension apartheid in this country. There is a clear division between… 1) The pension haves (final salary pensions usually public...
Read MoreThe weekly S&P 500 can show some changes in trend as the crosses in the 13/34 EMA shows on this chart. Only time will tell if this is a big whipsaw. The cross does a pretty good job of indicating major changes in...
Read MoreNot that technical levels are being respected whatsoever, but this may help in seeing where we are versus the 2010...
Read MoreWell, we aren’t taking it on the chin nearly as bad as many European countries. This fact is causing the otherwise counter intuitive move lower in treasury yields post downgrade as investors move to “relative...
Read MoreI’ve been in Vegas for the past week exploring some new business opportunities and marveling at the woeful state of real estate there. You can actually buy a pretty nice condo for $30-45 K at the frequent foreclosure...
Read MoreAs European politicans cut short their grande vancances to attend to the latest crisis, it’s worth having another look how the Halloween effect is once again playing out. The theory is that markets perform best between...
Read MoreThe 2011 range finally broke-down hard, leaving the S&P 500 (SPY) down -7.2% for the week on extreme negative breadth. In contrast, the VIX (options volatility) moved up to print 39, now more than +40% above its 15-day...
Read MoreToday we had our VIX double spike to 39 and technology stocks played catch down all day. We were down huge before news of a possible European Central Bank rescue of Italy and Spain took us off the low to close flat....
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