MarketWatch featured a piece with the subtitle “Are we revisiting 1998? Or 2001?” That is certainly a valid question given how the markets have been meandering from bullish to bearish territory, at least according to my Trend Tracking Indexes (TTIs). Here are some highlights: There’s a sense of déjà vu in the market these days. The question we need to …
From Expansion To Contraction
When talking of trends in the market, you hear me reference my Trend Tracking Indexes (TTIs) every week. The reason is that they provide me with an unbiased view as to whether we are in bull market territory or have slipped below the trend line into bear territory. Yesterday’s ISM report that its non-manufacturing index fell to a reading of …
Recession and Bear Market Viewpoints
Seeking Alpha had an interesting viewpoint titled “No Time For Complacency: This is a Bear Market.” While you may not agree, it’s a good read and it brings up ideas and thoughts, some of which I have discussed before. Here’s an excerpt: This article is a follow-up to an article from two weeks ago that I wrote because I felt …
A Great February?
Random Roger had an interesting tongue-in-cheek post called “The Best February Ever.” Here are some highlights: If we can average 1% per day for the month, like we are starting out we’ll have the best February ever. The futures obviously got a huge boost from MSFT buying YHOO. It seems to me I sold Yahoo into a rumor about this …
Sunday Musings: Front Runner
Reader Jeff submitted an interesting blog post dealing with an old problem that you may have thought had long been resolved. This piece was written by Jake Zamansky, a NY attorney and titled “Front Running and Institutional investors.” Here’s what he had to say: You would think that institutional money managers, who have a fiduciary responsibility to their clients, would …
The Last Hoorah
Bond insurers have made front page news lately in the face of severe Subprime losses and their potential downgrade from ratings companies. Calculated Risk reports as follows: Standard & Poor’s Ratings Services today lowered its financial strength, financial enhancement, and issuer credit ratings on Financial Guaranty Insurance Co. to ‘AA’ from ‘AAA’ and its senior unsecured and issuer credit ratings …