There is a dandy quote in “Technical Analysis of Stock Trends” (Edwards & Magee, 7th ed. 1998, p. 493) that goes like this: “C. If you are not committed in the stock. Consider a penetration and close beyond the limit of the correction between the Tops (or Bottoms) as a signals of a Reversal, and … Read More
I want to roll back to one of the stories I posted this morning. Because it seems to have taken place… “Some Personal Woo-Woo Odd dream overnight about a seriously overweight gangster/fat-cat/politician who was having lunch when I walked into a restaurant and sat down across the aisle down one table and facing the door. … Read More
One of our readers posted (in the Comment section) a report that expert Elliott Wave analyst Robert Prechter was throwing in the towel on this – right now – being the start of “The Big One.” In his estimate, the Elliott structure suggests that collapse will not happen for another year…maybe two. IF that report … Read More
Universe has just “knocked twice.” When two people – one in the middle of the country and one on the west coast – ask you for a little business development and start-up guidance, it should be taken as a “sign from Universe” that it’s time to write a column to help people along moving toward … Read More
Since my buddy, the Major, is down visiting this week, I spent a couple of hours Sunday in massive clean-up mode. We’re both the sort of people who do “big things” when we get together, last time being a 746-foot long off-center-fed antenna. Unfortunately, when you do lots of big things, the clean-up and organization … Read More
My life-long buddy (the Major) is visiting for a while. And he reports, he’s been a victim this trip of airline or TSA theft from his luggage. Before leaving his home up in the Seattle area, he placed a very nice pair of LL Bean slippers in his suitcase. Last item in, he is certain … Read More
This morning’s Chicago Fed Data in a minute. First, though, some really-clear Monday morning thinking… My buddy (the Major) showed up last night and predictably – since we have both been ham radio buddies since getting our licenses about the same time in the early 1960’s – I fired up the radio gear and there … Read More
First, and foremost, click over to the NY Post piece here titled “Top 10 things the media got wrong about ‘collusion’ and ‘obstruction’.” It’s a dandy read but there are literally dozens upon dozens of other examples for those who take the time to study the news closely. We’re pleased, as always, not to have … Read More
Donald Trump has another problem besides Mueller fallout to worry about. This morning we look at the major metrics of supposed “economic growth” and wonder like the old burger-joint commercial asked “Where’s the beef?” After some headlines and our analysis of the markets which, in our view, at near (or at) a critical turning point … Read More
Although there has been a small improvement in curriculum with all the talk in education about STEM (science, tech, engineering and math), many of the major concepts in Life – traditionally passed down by two parents and a set of grand parents – has blown-up. Not that there is much anyone can do about it: … Read More
It this Joe Brandt’s time? Explaining this takes a bit, but since it’s a semi-holiday, read on…. This being Good Friday, the stock and bond markets (US) are closed. But, that doesn’t mean they aren’t just interesting as all get-out. The reason is the grand historical rhyme continues. Specifically, one which we track comparing 1929 … Read More
Seems like everyone, especially the big “snooze papers” are all over the Mueller investigation as the Big Story of the day. Got news for you: It’s not. The bigger problem is sorting out what goes on when the present “virtuous cycle” comes grinding to a halt. OK, what’s a “virtuous cycle” anyway? If you begin … Read More
The mythical power-source from Star Trek is a marvelous metaphor for the long-range investor. While we may not live to see it, both our middle age and Millennial subscribers may benefit from borrowing some Spock-like thinking processes which we outline this morning. So, as soon as we’re done with a few headlines and breaking news … Read More