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Author: Michael Kahn

Sentiment quote of the day

Ma and Pa are not the first stage or even boosters of a bull move–more like the thrusters when this thing is already in orbit. – ewave@cox.net (why doesn’t everyone attach their names to their email...

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Hussman’s view

John Hussman’s view: Presently, our valuations measures suggest clear overvaluation (our estimated 10-year total return for the S&P 500, based on a variety of models including the operating earnings model presented a...

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This is messed up

If you think the stock market is rigged here are a few charts to stoke your fires:Arena Pharma – This sector is always jumping on news or lack thereof. This one had FDA stuff pending and then it was not granted....

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Jackie Gleason, CMT

…And away we go! Jackie Gleason’s tag line applies to the mood on Wall Street today. After a breakout and test, the S&P 500 is back in rally mode, at least as of 11am NYT Friday. Why? Not durables goods orders...

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Test Time

For the minions cheering the upside breakout of the S&P 500’s trading range, today was either the best thing that could have happened or the worry that will keep them up all night tonight. With today’s roller...

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Sentiment

Today’s column talks about the breakout in the S&P 500, the breakout 10 days ago in the NDX and the lack of breakout in many other indices. It also covers a bit on sentiment with no hard conclusions other than the fear...

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Clarification

My Monday Barron’s Online column is at the top of both the most read and most emailed lists for the day at the Barrons.com site and I wonder it if was the title that drew in so many people. As it reads now – with...

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Fed Fake Out

The market thumbed its nose at the housing data this morning but the real fun happened after the Fed said it was ready to do more to get the economy moving.  How buying bonds creates jobs is above my little technical...

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Triple Digits? Must be Monday

Once again, the Dow scooted up triple digits on Monday and just as it was showing its lactic acid NBER declared that the recession ended in June.  Nothing like driving while looking in the rear view mirror. Timed with this...

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