This is NOT 1931 But Still Too Many Looking for Easier Markets
The bull are back in town, at least from Tuesday through Thursday they were. If you even casually follow the markets, you have probably heard that it has been the biggest rally since 1931 after the sharpest decline in the least amount of days since, well, 1931. 1931 was in the heat of Great Depression part I (GDI) which is not an enviable analog. From 1929 to 1932, stocks lost 89% before rallying more than 400% into 1937 when Great […]
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Date: March 27, 2020
Bulls Working on Three Straight
Bulls Working on Three Straight On Sunday, I discussed the tiniest of green shoots and the scenario for stock market low on Monday followed by a rally. As I said at the time and since, I think it is “A” low, but perhaps not “THE” low. It is certainly a start and I am glad that the market responded to what was diminishing downside acceleration. It looks like those geniuses in Congress will finally pass a massive $2 trillion stimulus […]
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Date: March 26, 2020
Not “THE” Bottom – 2008 Not a Good Guide
Well Tuesday was fun! At least for the bulls. Monday pretty much bottomed on schedule and we saw unprecedented and massive buying off the lows. It was really across the board with some eye popping numbers, like 93% of the shares traded went into stocks going up on the day. They were more than 2500 net issues trading higher than lower which is more than 10:1. In a vacuum some people would say that these are new bull market initiating […]
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Date: March 25, 2020
TRUE Shock and Awe – We Need MORE from the Government
Target.com Before I launch into another one of my “brief” updates, I want to share something good that can help everyone. While there has been major hoarding of paper towels, toilet paper and sanitizing products at the stores, I understand that supply chains are stocked and will continue to deliver to stores. Once people have their fill of toilet paper, it’s unlikely they will need more anytime soon. I just don’t get this. Why toilet paper? Why bottled water when […]
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Date: March 24, 2020
