Crappy week for markets – if you were foolish enough to be long (Bullish) stocks after Labor Day. Both the Dow and the NASDAQ were down more than 1,000 points each while the S&P was down more than 200. This morning, we sort through some of the drivers and – in our usual 18-chart collection … Read More
“Markets don’t go down forever” is a commonly used financial saying. Usually offered as condolences by some still well-off by-stander with no skin in the game. Empathy is easy when no tuition is due. We’re up only a bit over 9 percent this month. And we haven’t been trading the past two days. (Maybe next week.) … Read More
That gets to be an interesting question, really. Yes we have some new data, but can a (more or less) local jobs picture turn a world in decline? Before we get into the U.S. picture, therefore, a word about Elsewhere. In Asia, the Japanese Nikkei was down almost 400-points and shade over one percent. Hong … Read More
I can’t think of two more important topics this month. Especially as the world careens toward a nuclear showdown, China slobbers on Taiwan, and down on Wall Street, our Aggregate Index work has been right, again. The Nikkei was down more than 4-1/4 percent overnight and the picture in Europe isn’t pretty, either. Now imagine … Read More
Our view of the markets – smacked by an “over-thousand-dollar paper loss Friday” will be back in the green virtually from the open, by the look of early futures prices. As you can see, our Aggregate Index is holding to the idea that the rally (back to new highs) is over. Having done its job … Read More
The road to hell is paved with good intentions. I got up Sunday, put in the ground screw anchors for my next little deck-building adventure and then did my ham radio antenna engineering work. Everything was sailing along great and then I walked into the house from the screen porch. At which time I smashed … Read More
Before we launch into our Sunday morning diatribe, consider it a duty to pause and pay respects to the laborers who built this country from barren land to a place where odd crops like DEI can flourish. We remember when Labor was actually able to partner with the Ownership Class and do some pretty neat … Read More