Nobody Knows
Everyone thinks that they know where the stock, bond, commodity and currency markets are going yet everyone wants to know what everyone else thinks. It’s herd behavior, of course, and it drives the markets.br /br /I was at...
Read MoreEveryone thinks that they know where the stock, bond, commodity and currency markets are going yet everyone wants to know what everyone else thinks. It’s herd behavior, of course, and it drives the markets.br /br /I was at...
Read MoreI am no Elliotician but I am now looking for that most scary of waves – the “C.” Thursday was a killer for the bears but perhaps that was its function. As I wrote in my column Wednesday, there were just too...
Read MoreThere are only so many ways I can write about the stock market being bearish before even I get tired of it. I know my editor is pushing me every week to come up with a new angle but frankly now is just the time to watch all the...
Read MoreRemember the good old days – OK, it was last year – when all things China were just great? Everything on the red planet was going up. Well, since we’ve all been so preoccupied with the Uncle Ben’s Kredit...
Read MoreI heard on morning drive radio this morning that Rolling Stones drummer Charlie Watts turned 67 years old today. And worse, Jerry “Beaver” Mathers turned 60. Talk about a kick in the reality! When did all this...
Read MoreIn today’s Barron’s Online column I talked about intermarket forces and how they can give us clues as to what is going to happen in the various markets. I just finished re-reading my copy of John Murphy’s span...
Read MoreI have a question. Usually we are talking about how sticky gasoline prices are – you know, when oil prices go up so do gas prices and when oil goes down gas slowly eases lower.br /br /But now I see something rotten in...
Read MoreHere is a excerpt from today’s Quick Takes Pro:br /br /Is it me or is it assumed that crude oil will hit 150 (I say this a lot)? Nothing else is assumed and analysts have stopped saying that the...
Read MoreWednesday’s column talked about the 50-200-day moving average crossover system but failed to clarify that exponential moving averages were used. Simple averages were whipsawed in 2004 and 2006.br /br /For what it’s...
Read MoreUnless you were at the club all day playing golf you know that crude oil was up over three bucks today and that is on top of the 17 it was up during May alone. You would expect oil stocks to do quite well and indeed in the...
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