The past four years have been a monster fraud that the public has cheerfully accepted, and for those of us on the other side – – waiting, rapture-style, for the fall – – it has been tempting to latch on to whatever big news might appear that, once and for all, would finally turn this market around and send it spiraling into the bowels of hell. (more…)
A perspective on the value of meeting the acquaintances we think we know from the blogosphere.
Now after five SlopeFests, I thought it couldn’t hurt doing a little write up to share my experiences and perhaps encourage any of you thinking about making the trip next time. (more…)
Today’s action, so far (it’s just after 11:00 am EST), on this Daily SPX:VIX ratio chart is NOT confirming today’s exuberance in the SPX. Furthermore, the Momentum indicator has dropped below the zero level, hinting at further weakness. (more…)
The argument that I’ve heard repeated ad nauseam as a reason why stocks should simply go up “until the Fed takes the punch bowl away” (even at current market all-time highs) has been, “It’s different this time.” I even heard a comparison today that we’re in a market environment like the mid-90s.
I’d just take a minute to remind traders that Baby Boomers, who were heavily into acquiring all kinds of assets/products/services/loans for themselves and their growing children/teenagers in the 90s, are now facing retirement and are no longer “spending like there’s no tomorrow” on the same kind of stuff. To illustrate this point, I’d direct you to my post of July 17, 2011. (more…)