Browse by Tags

In This Issue:

Rally still going...
Leaders lagging
The new earnings season kicks off
Case-Shiller index implies worst home price declines may be over
Economic metrics also leveling
We're still in sell mode

Quote of the week
'Investors are still heavily in cash and the challenge they are facing is how to scale back into growth-oriented investments. For that reason, technology leadership is not surprising given many are flush with cash and little debt,' - David Kreinces, a portfolio manager with ETF Portfolio Management.

Rally still going...
It was another good week for the bulls. As Dan explained this week from his Miami home, there is a lot of cash on the sidelines looking to get into the market. Despite the fact that we are still bear market, cash doesn't do much good if it isn't working which is why this rally has been so explosive But the fact that pundits like Jim Cramer are so confident that a new bull market has begun is a bearish omen. At true market bottoms, the majority including the Jim Cramers of the world, have given up, and this is most certainly not the case now.