The period we're in now is not necessarily a "bull market" or a "bear market" but more like a structurally "fair market." I didn't make that up on my own -- Tom Dorsey, from Dorsey Wright and Associates in Richmond coined that term. I think that makes a lot of sense....
The Dow Jones industrial average dropped below 12,000 today, March 7. In technical terms, this is a significant move. On my point and figure charts this represents another sell signal and tells us that the average may have further to fall. Not that I want to be in the...
Another Weird Day on Wall Street Today, Tuesday, February 26, 2008 we received some negative economic news. There were reports of surging inflation and declining consumer confidence, and the early indications were the stock market would be down nearly 100 points. Not...
Now, sometimes the "short-term" turns into the "long term," so we'll monitor what unfolds in the next few days. And keep you posted if conditions change. But my experience tells me we're not out of the woods yet. At least, on a longer term basis. Now, you've likely...
I've labeled this *the yikes spiral* because typically this happens when certain markets are in free fall. The most often example occurs when a company runs into trouble and may need to contemplate bankruptcy. It's a sad event, because people are losing money, and...
All four of the short-term indicators that I use to track the market have now moved down. The fourth indicator to finally capitulate and reverse down was the high low index, which occurred in just the last few days. This means that more new low's are being set in the...
I get calls from folks with money in the market, wanting to know if they're in "the right position" or are they still in "good shape" with current market conditions. Here's my reply: I am comfortable with what's happening. I hope you are too. There are a lot of folks...
As I am writing this, the Dow Jones is down nearly 180 points. Sounds like a lot, right? That's about 1.5% By comparison, October 19, 1987 the stock market dropped 22% in one day. Perspective does matter. Anyway, the last few days, I've seen headlines like: -...
Think you would you be HAPPY earning less than 1% a year on your money? Many people are...and you might be one of them! Look in your retirement plan, or 401k at work. Say we invest it in the S&P 500 Index at the end of 1999. Leave it there. You're supposed to be a...
The indicators I follow are starting to give back some ground. Not enough for a reversal, or a sell signal. But it's the first few cracks we've seen in a stock market that has gone nearly straight up since late summer. We've been on offense since June 30th, a long...
