Author: William Gibson

SPX – 1197.52 DJIA – 11,092 “The trend is your friend unless the trend is about to end.” -Tom DeMark A Jerry Favors “sell-the-next-rally” daily swing chart pattern came into play April Fools day for the S&P 500 (SPX). That...

SPX – 1197.11 DJIA – 11,005 “One year into the current bull market I like what I see: globally improving fundamentals plus strong societal skepticism. Snarky, cranky sentiment and better fundamentals are the classic ingredients...

SPX – 1187.44 DJIA – 10,973 “I think the economy is moving towards escape velocity…that we walked back from the brink of depression and that there is a great deal under way that should result in increased job creation.” -Larry...

SPX – 1173.22 DJIA – 10,895 “The inherent vice of capitalism is the unequal sharing of the blessings. The inherent  blessing of socialism is the equal sharing of misery.” -Winston Churchill Consensus expectations seem to be...

SPX – 1165.81 DJIA – 10,785 “If you want to lose in the market, buy what’s popular when it’s popular and don’t bother to understand the underlying businesses involved.” -Marty Whitman The stock market is one tricky devil, made...

SPX- 1149.99 DJIA – 10,624 “No one would blame you for thinking the market is a textbook delusional- paranoid-schizophrenic, not knowing the difference between the real and unreal. And you’d be right. But you’d miss  a valuable...

SPX – 1138.50 DJIA – 10,552 “The disparity between hope on Wall Street and malaise on Main Street continues. I have never seen anything like it. Perhaps it is dangerous to draw a conclusion, but for now I think it is consistent...

SPX – 1115.71 DJIA – 10,403 “Economics is a powerful tool, a lens for organizing one’s thinking about the complexity  of the world around us… If economics is a science, it is more like biology than physics…The bottom line is we...

SPX – 1108.01 DJIA – 10,383 February 23, 2010 “The inherent vice of capitalism is the unequal sharing of the blessings. The inherent blessing of socialism is the equal sharing of misery.” -Winston Churchill Following a notable...

S&P 500 – 1075.51 DJIA – 10,099 February 16, 2010 “More than any other time in history, mankind faces crossroads. One path leads to despair and utter hopelessness, the other to total extinction. Let us pray we have the...