Author: William Gibson

I’ve joined Anderson & Strudwick (www.AndersonStrudwick.com) as Managing Director, Senior Analyst, Investment Strategies. Until compliance signs off, this blog will be inactive. If you would like to be on my distribution...

SPX – 1079.25 DJIA – 10,303 August 14, 2010 “What we had was a government-prescribed course of amphetamines (to keep it up), antibiotics (to prevent infection) and antidepressants (to make it feel better). It endured regular...

SPX – 1127.79 DJIA – 10,698 August 10, 2010 “The only three things that are important are discipline, persistence and psychology. Without those three things, there isn’t a strategy in the world that will work for you.” -James...

SPX – 1125.86 DJIA – 10,674 August 3, 2010 “Deflation isn’t just a topic of intellectual curiosity, it’s happening. It’s an uncertain world that’s tipping toward deflation.” -Bill Gross, The Wall Street Journal, August 2, 2010...

SPX – 1115.01 DJIA = 10,525 July 27, 2010 “The Satan of bad news always hits hard and suddenly. It is his nature. The good news ‘angels’ work gently and slowly. That is why a market drops by itself, but it takes hard work to...

SPX – 1071.25 DJIA – 10,154 July 20, 2010 “Bull markets, it is said, climb a wall of worry…Bear markets, on the other hand, fall into what I like to call the pit of doom. Forget about worries- actual bad stuff happens, until...

SPX – 1090.17 DJIA – 10,198 July 12, 2010 “The stock market, that great self-organizing supercomputer that weighs all possible futures, is telling us to be very careful here. Pro-growth tax and regulatory policies that encourage...

SPX – 1022.58 DJIA – 9,686 July 6, 2010 “The bears have had the upper hand for two months, yet we don’t see the shorts  pressing their bets. The bulls argue that earnings are good, companies have clean balance sheets, and growth...

SPX – 1074.57 DJIA – 10,138 June 29, 2010 “Successful traders always follow the line of least resistance. Follow the trend. The trend is your friend.” -Jesse Livermore If we were just looking at fundamental data, there would be...

SPX – 1073.69 DJIA – 10,152 June 25, 2010 “Profits always take care of themselves but losses never do. The speculator has to  insure himself against considerable losses by taking their first small loss.” -Jesse Livermore I still...