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Schwartz: As to a prediction of how far the stock market could go down over the next year or two, the old rule is that a bear market retraces 50% or more of the gains it made in the previous bull market. Since this bull market began back in October 2002 at a little above Dow 7000 and ran up to just above...
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TECHNICAL VIEW . Three technical points today: 1. Yesterday was a prime example of how computerized, black box oriented, or just say hedge fund dominated today’s stock market has become. The market was programmed to go up, right in the face of more and more bad news coming out. A glaring example of this...
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TECHNICAL VIEW . The Dow Industrials have recouped some 44% of its losses from its October 9 th high to its November 26 th low. The S&P 500 has rallied back 41% and the Nasdaq Composite 40%. According to my 50% Rule , if something bounces back over half, you know like a teeter-totter moving more...