Stocks are mixed after opening weaker on Monday. The Nasdaq/Nasdaq 100 names continue to under-perform while the Russell led for most of the day. Over the last four weeks, stocks have gone from deeply oversold in the short term to deeply over bought. Since the Feb 11 low, the benchmark S&P 500 has surged a very impressive 11%! Remember,…
I’m operating with the notion that we are in the early stages of a new bear market (and global recession). My longstanding readers know I first turned defensive on equities in early August 2015 (before the big August crash). In the short term, the action remains lousy on Wall Street (to put it nicely). The…
Let me begin by saying markets across the globe are deeply oversold and way overdue to bounce from here. I told Barron’s this weekend, ”The market put in A “near term low” on Wednesday…but not “THE low.” The Dalio Low – Jan 20, 2016 Timing is crucial in life, and in markets. Staying in harmony with what…
The real problem for Wall Street is that the free money from the Fed has ended (Until they announce QE 4). The relentless selling continued as stocks plunged on Wednesday after a new round of selling emerged. This time the bears went after almost all areas of the market including the big glamour names such…