Hat tip goes to reader Laren for the link to the video below. It features an interview by BBC with an independent trader that left some of their staff speechless. However, a lot of what this trader says has merit. Even if you don’t agree with his analysis or suggestions how to benefit from a down market, you need to …
Stumbling Into October—Major Market ETFs Retreat Sharply
[Chart courtesy of MarketWatch.com] The major market ETFs took it on the chin today in what appears to be a continuation of last week’s selloff. The S&P 500 ended up closing below its trading band that I discussed last Tuesday. I featured the S&P 500 chart below, which now clearly shows the downside breakout: Today’s weakness pushed stocks to their …
The Big Picture: A Video Interview With Gary Shilling
Hat tip goes to Mish at Global Economics for the link to an interesting video interview with economist Gary Shilling. Gary discusses deleveraging and the dangers of ongoing deflation, along with what he expect to happen in the markets. I agree with his findings and views, especially my recurring theme of downside risk being far greater than upside potential. Take …
Rally—Selloff—Rebound; Equity ETFs End Up Higher On Volatile Day
[Chart courtesy of MarketWatch.com] Volatility took on a new meaning today, as the Dow raced to an immediate 260 point gain right after the open, then tanked during the mid-day session and actually dropped into negative territory, before a last hour rebound saved the day. This type of market activity is clearly sign of confusion about the uncertain global economic …
Another Afternoon Stumble—Equity ETFs Close AT Their Lows
Sure, part of the slide could have been a result of continued profit taking from last week’s run up, but a part of it can attributed to fears about the progress, or lack thereof, of the European debt solution. Volatility increased again, with the Dow trading in a 300 point range, while the markets remain stuck in the middle of …
Late Selloff Cuts Into Early Gains—Europe Continues To Boost Global ETFs
More of the same, as hopes for a financial rescue plan powered global ETFs higher, but a last hour selloff devoured more than half of the early gains. Nevertheless, we closed up with gold and silver showing signs of life again after getting hammered last week. While the investing world remains on a bailout high, some reality set in late …