Finally, a rebound effort did not fail as we’ve seen so many times in the recent past. While yesterday’s rally lost some steam during mid-day, the bulls did not give up and the major indexes closed at their high points for the day as the chart (courtesy of MarketWatch.com) shows. With no news out of Europe to rock the boat, …
Too Many Worries
Yesterday, the market started out with a hangover from last week by dropping over 1% at the opening on reports of slower manufacturing numbers in China. The Euro hitting a 4-year low against the dollar did not help the cause for a rebound. Meanwhile, positive manufacturing and construction spending reports here in the U.S. seemed to put a floor under …
Now What?
Whenever markets have a tizzy fit, and we get close to seeing our sell stops being triggered, I usually get my share of emails from readers wanting to let me know what their plan of action has been. Bob’s experience is very typical as he went to all cash at the first sign of trouble. Here’s what he said: I …
On The Road
Today, I’ll be travelling back to California from Germany. Regular posting will resume tomorrow, Tuesday.
Sunday Musings: One More Rally
Several columnists and newsletter writers have been downright bearish in their assessment of the markets. Even MarketWatch’s own Paul Farrell recently chimed in with “Crash Dead Ahead.” One reader sent me a copy of Richard Russell’s Dow Theory newsletter, in which he advised his subscribers (May issue) to sell all stocks. For a different view, and that one-more-rally appears to …
From Bulls To Bears
A few days ago, Mark Hulbert wrote an interesting piece titled “The Bearish Bandwagon:” OK, all of you who claim to be contrarian investors: It’s time to see if you walk the walk, not just talk the talk. Here’s how to find out: Are you about to step up to the plate and invest in the stock market? Probably not, …