Author: William Gibson

SPX – 1113.10 DJIA – 10,442 June 22, 2010 “Technical analysis is a windsock, not a crystal ball.” -Erin Swenlin, DecisionPoint.com I sense investors are primed for the summer doldrums, a trading range for the stock market much...

SPX – 1089.63 DJIA – 10,190 June 15, 2010 “The collapse of the financial system as we know it is real, and the crisis is far from over. Indeed we have just entered Act II.” -George Soros Last Tuesday’s test of the May 25th low...

SPX – 1050.47 DJIA – 9,816 June 8, 2010 “We have market forces that are deflationary and policy response that is inflationary…The next bubble – and this is the lesson of what this Greek drama was all about – is sovereign...

SPX – 1089.41 DJIA – 10,136 June 1, 2010 “I believe in the stock market, and its remarkable ability to discount the future. Right now the general view is that the stock market is being rocked by the oil slick, the problems in...

SPX – 1073.65 DJIA – 10,066 “The market represents everything everybody knows, hopes, believes, anticipates, with all the knowledge sifted down to…the bloodless verdict of the market place.” -William P. Hamilton The fat lady...

SPX – 1087.69 DJIA – 10,193 “When coming events cast their shadows before, the shadow falls on the New York Stock Exchange.” -William P. Hamilton When price overbalanced but time hadn’t, I wrote the bull market deserved the...

SPX – 1136.94 DJIA – 10,625 “Greek civilization peaked about 2500 years ago and hasn’t been very important for the past two millennia. Today, when we think of Greece, we think of cruising theMediterranean. I can’t think of one...

S&P 500 – 1159.73 DJIA – 10,785 May 11, 2010 “Is this a buy signal- or is it more like a bank run morphing into a run on debt laden countries?” -Andy Kessler, The Wall Street Journal, May 8, 2009 I thought the stage was set...

SPX – 1202.26 DJIA – 11,151 “There exists in nature a strong propensity to depreciate the advantages and to magnify the evils of the present times.” -Edward Gibbon Generally subject to mood swings, Mr. Market’s behavior changed...

SPX – 1212.05 DJIA – 11,205 “To follow the good principles and not let fear, greed and hope interfere with your trading is tough. You’re swimming upstream against human nature.” -Richard Dennis The stock market’s climb...