The Dow Jones Industrial Average ended the week at 11,269 – almost exactly on the midpoint of the action zone. This is the equilibrium, the point at which the Dow should trade on average. Once it moves above this point, “the market” starts to become over-valued. And the closer the Dow moves to the top of the action zone, the closer it...Read More

Here are three Wall Street Journal headlines that’ll make you scratch your head: For Street Veterans, Past 3 Days Rank with ’87 Crash, ’08 Crisis Dow Logs Another 400-Point Move (+423), and Economists: U.S. Recession Risks Rise. What you’re seeing in the stock market is a frazzled investor base that doesn’t know what to think and...Read More

I hear definitions of Corrections being “down 10%” and Bear Markets defined as being “down 20%.” Who makes up these rules?   Down 10% of what – 20% from where?—and why do they warrant special classification?  This kind of speculative news making causes confusion. Confusion causes dependence. And that’s not the Lose Your Broker way. Let me try to clear the air. “Markets” are described by...Read More

The Dow Jones Industrial Average (DJIA) is off 13% from July 21, 2011, when it was at the 12,724 mark. That’s a 1,754 point drop in just a few weeks! What happened? Well it appears that Wall Street woke up and read the news. Unemployment recently dropped a fraction to 9.1% – and it’s been bad for...Read More