Posted in Commodities, Daily Comment, Stock Market, Weekly Comment on Jan 16th, 2012
As interest rates trend toward a zero percent yield it seems most traders and analysts are calling the interest rate market a bubble. Some are calling it the greatest bubble in years, and one that is about to burst wide open. That argument does seem logical on the surface. It doesn’t seem to make sense [...]
Posted in Daily Comment, Stock Market on Mar 8th, 2011
Well, another long pause between posts. There are times when market fundamentals and news will drive markets with technical indicators offering little help in trying to figure out which way the market will move next. The above chart is of the IWM, the ETF version of the Russell 2000. It has been a momentum leader for much [...]
Posted in Politics, Stock Market on Jan 20th, 2011
I just read the heading on this post and realized that I wasn’t being politically correct. I’m really sorry I used the word “killed.” I hope that doesn’t encourage anyone out there to go get a gun and start shooting people. I’d hate to feel responsible for anyone innocently reading this blog and then suddenly [...]
Posted in Gold, QQQQ, SPY, Stock Market on Jan 3rd, 2011
Stock indexes start off the first day of the New Year with a a continuation of the up-leg that started on the first of December. Much is made of the price action on the first day of a new year. I was at the gym today watching CNBC, thankfully with the sound off, and noticed [...]
Posted in Daily Comment, SPY, Stock Market on Nov 15th, 2010
It’s been a while since my last post. It seems to be getting more and more difficult to find time to update. My intention is to post as events occur, and we certainly have had events since the last post. The mid-term elections went about as expected. Actually quite a bit better than expected in [...]