Big Correction Coming?
Stocks continue to trade very heavy, but we should be on guard for a strong bounce at any time here. I think the top is in for a while so bounces are now selling opps and a better buy point should be seen after Labor Day. To reiterate what I have said for a while, this pullback should not be the beginning of a new bear market, just another healthy cleanse in an aging bull market. Here is the segment […]
Read More
Date: August 20, 2013
Correction Coming?
Every month or so, I write an update on the market’s canaries in the coal mine to get a sense where the bull market stands. Nothing has changed on that front in that we having an aging bull market, but one that should live on through the next correction and probably into 2014. As the market builds towards the next meaningful pullback, here are a few things to watch as I briefly discussed on Fox Business. http://video.foxbusiness.com/v/2565939221001/correction-coming/
Read More
Date: August 2, 2013
Comparisons to 1987 Mount
For the past six months when asked about my outlook for 2013 I replied that I thought it would be a front loaded year with all or close to all of the gains during the first half of the year. I have and continue to compare it to 1987 without a one day stock market crash. Others have predicted that 2013 will look more like 1995, the single greatest investing year of the modern era. Now that would make me (and you) […]
Read More
Date: July 22, 2013
Nightly Business Report TONIGHT
I am going to be on The Nightly Business Report tonight (Monday July 1st). In my neck of the woods, it’s at 6:30pm on public television, CPTV or channel 13. You can find it on your dial here, http://nbr.com/. In all likelihood we will be discussing what I see down the road as we begin the new quarter and second half of the year with earnings season beginning next week. Stocks are beginning the quarter with the bulls in charge. Will […]
Read More
Date: July 1, 2013
Who Turned the Lights Out?
After a nice opening by the bulls on Wednesday, the bears came out en mass to print a fairly ugly day across the board except for gold and the stocks. It looks like stocks are heading back to revisit the lows from last week which should happen in the next few days. The stock market is now as oversold as it has been at any time since the November bottom. Failure to respond positively over the coming week would be […]
Read More
Date: June 14, 2013
Stocks Surge Higher With Authority
All of the major stock market indices saw more all time highs but this time it looked like a serious bull rush with the market opening flatish and pushing higher and higher all day. Some of the “old” defensive leaders came back to life like healthcare, consumer staples and utilities. This market is beginning to feel like a melt up which usually sees even more vertical gains, but which also ends in ruins. In my 2013 forecast, I called for […]
Read More
Date: May 16, 2013
