UPDATE ON THE STOCK MARKET . Wednesday, February 27th, 2008 We’re back to three days up in row , hoping today proves to be another up day, the fourth in a sequence, triggering Trader Vic’s bullish 4-Day Rule . In spite of more bad economic data yesterday morning, like twice the expected producer price...
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...
SEASONAL VIEW . Even Doug Kass, a well-known bear and offshore hedge fund manager, has turned bullish for a year-end rally, primarily because of normal seasonal strength from Thanksgiving to Christmas. This worries me! Even the bears turning bullish, even if just temporarily, means everyone is on the...