PORTFOLIO STRATEGY This year’s mid-March to mid-May bear market rally was the first rally versus the new primary bear market downtrend. Usually the first rally is the best rally (just like the first loss is the best loss) because many investors believe the bull market still lives and thus it’s...
Thursday, June 26 th , 2008: Written 6:30 a.m. EST Going to find our “way to San Jose ” next week, on vacation, so I’m been auditioning books for the plane rides. One coming along is Hamish McRae’s THE WORLD IN 2020 . I previewed it and got caught up by his writing, the history...
TECHNICAL VIEW . Charts Say Down, Again! Yesterday, the Dow Transports , S&P 400 Midcap & S&P 600 Smallcap joined the bear market party, err, pardon my loose use of the word party. Whatever, first it was the Dow Industrials closing below their June 11 th lows last Wednesday. Then the S&P...
Written Tuesday, May 27th, 2008 THE STOCK MARKET Briefly, the stock market pulled back sharply last week. Obviously this pullback may be about over and may be just a normal “shake out” on the way to higher prices. While that could be true, it usually is during bull markets, another alternative...