President Obama is talking for a second time in six weeks about doing something bold, but maybe ‘going big’ is not the best answer. This week our President plans to put forth a plan for job growth and all indications are that he will do something unprecedented. Recall in July he tried to play ball…
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When I listened to Labor Secretary Hilda Solis talk about the jobs report and labor market I was aghast. She talked about how the government has done everything it could to create jobs. Ok, you’re telling that to millions of Americans who are suffering to make ends meet. And then signing off she wished everyone…
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There was so much about August that was bad but then again the trading really made a difference for those who were nimble. Let’s see now: debt ceiling, debt downgrade, multiple issues in Europe, the Fed and Bernanke…let’s throw in an economic slowdown and you have the ingredients for volatility. Too much uncertainty and the…
DetailsJill is back this week with some comments about recent developments in finance-land. She calls out Bernanke, Buffett and Lagarde – with their manic-depressive personalities clashing with doing the right thing. I particularly like how she tells us how this group creates some anxiety, which is never a good answer for markets. Enjoy! There’s no…
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Brian Shannon from Alphatrends.net put up and excellent post for all of us to learn from. When in the heat of battle each day we tend to forget what is most important – not just in trading but in life. The intensity and pressure we are under is extreme and unbearable at times. How often…
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Below is a very interesting piece by my friend Ron Roll, the Gtotoy. He injects a bit of humor and irreverence in this piece from a few months back as he slices up fundamentals against technicals. He makes some great points as to how fundamentals fail to make a difference in trading – especially in…
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Many were expecting something good to come from Chairman Bernanke at Jackson Hole. His speech was the most widely speculated that we had seen in years. After all, was he going to set the tone for another round of bond purchases, which like in 2010 would force a re-allocation of capital towards risk assets, or…
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Jason sends us a great article from Paul Desmond of Lowry’s who tells us what to look for at bottoms. As an aside I will be doing a book review soon of a publication I read last year which tells us similar clues following four different bear markets in the 20th century. Enjoy the article.…
DetailsSome very good explanations from Jill today on the ugliness of politics not just here but abroad. With the domestic economy on the brink she brings up a good point about watching inflation, which can be the tipping point. We have to confess that we’re not among the most diligent readers of the New York…
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There is no sugar coating the market action last week, it was downright awful. What looked like a promising start turned into a disastrous finish with the Dow finishing off 600 points in two days, the SPX off a staggering 70 on Thursday and Friday. The gap down to end the week was a killer…
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