Last week I received an email invitation to an on-line conference where, among other things, the presenter will divulge “the exact path the economy is going to take as predicted by centuries of studying patterns.” I’m assuming, unless the dude’s a vampire, that he meant to say “studying centuries of patterns.” Yet even that would [...]

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Per my experiences with clients during the “worst recession since the Great Depression”, the tech-bubble bear market of ’00 – ‘03, the brief yet dramatic 20% decline in the fall of ’98, the market setbacks of ’94 and ’90, the October 1987 crash, the too many to remember 10% corrections, as well as the rallies/bull [...]

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The dollar/market relationship I wrote about Monday (dollar up/market down & vice versa) is clearly playing itself out today. In spite of very good reports from Google, etc., stocks look to be giving back a little ground. The “experts” will site the disappointing housing starts number (which shows stabilization, but not rapid growth of late), [...]

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Is this seven month stock market rally the real deal? Does Dow 10,000 reflect improved corporate earnings, a rebounding economy, record low interest rates and trillions of sideline cash? Or, is it no more legitimate than the current homerun record? The doubters tell us that the market’s recent gains result from nothing more than some [...]

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