The Principle of Understanding History & The Principle of Technical Analysis . Written Tuesday, October 7th, 2008 OK, yesterday I heard one analyst, I believe it was Liz Ann Sounders, chief investment strategist for Charles Schwab say the recent sharp year-over-year (yoy) stock market decline is...
THE BIG PICTURE Ok, here’s a Big Picture of where America and we Americans stand today. A fairly downbeat Big Picture so buckle your seatbelts. America has been on the verge of a major comeuppance for many, many years. But its been postponed and postponed. Because the US dollar is the world’s...
The Principle of History. Knowing one’s history gives us guidelines and a basis to work from. So yesterday I began to compare the last Papa Bear market we lived through, 1973-1974, which encompassed the first really oil crisis, to today’s ongoing bear market and oil shock. I said I was printing...
Hank Paulson’s APRIL FOOL’S JOKE . That’s how US Treasury Secretary Paulson’s latest plan, unveiled yesterday is being described by at least two columnists this morning. I have to chuckle as well. When I first heard about it yesterday I assumed it was another step in the government and Fed’s attempts...
The Principle of Understanding History (one of my seven stock market principles). The 1930s Vs. Today . I just started reading another stock market book. This time it’s 100 YEARS OF WALL STREET (2000) by Charles R. Geisst. Turns out it’s a fast and easy read. Thank goodness because that other book on...
FINISHING UP YESTERDAY’S BANK PANIC OF 1907 COMPARISON. My theme yesterday morning – that stock markets don’t crash during financial panics --was emphasized by yesterday’s price action. Pressure was again taken off the stock market by its big rally. Every time things get bad, the Fed steps in and the...