Here are 3 things that jump out at me when I see this chart that couldindicate more weakness coming. These are in addition to the fact we’re still way below it’s 200 ma, which means the bearish trend remains firmly...
Read MoreAll this AIG talk is really starting to disgust me for many reasons as it reeks of misdirected frustration. I’m going to be very clear in my stance. AIG never should have been put in a position where there were allowed to...
Read MoreWhile settling down to put my thoughts about the market on wordpress I came across this article by Stephen Tetreault on Financial Sense that does such a good job of expressing my thoughts, I’m going to recommend it...
Read More…in life, but I’d like to add a third. Death and taxes are the familiar ones to everybody, but it seems like there is a strong case to add inflationto that short list of certainties in life. With the unprecedented...
Read MoreAllergies hit me hard these past few days and it can be quite bad for me. My eyes are so red I look like one of the ‘infected’ from 28 days later and I’ve basically been bedridden since yesterday. I really...
Read MoreFor those following me on twitter you would have noticed that I spend a good bit of the morning opening short positions or adding to my existing shorts. Midway through the day the market was making me look rather foolish,...
Read MoreOil’s action continues to be constructive as it remains above it’s current support trendline. RSI confirms this move and continues to have higher highs and higher lows. Should oil really take off...
Read MoreAIG’s bonus round Insurer to pay $450 million in bonuses to employees of the unit that was largely responsible for AIG’s collapse last fall. This is nothing more than taking money (taxes) from the poor (middle...
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