It’s easy to get caught up in this time of year. For many Americans, Christmas has an undeniable magic. It’s different than every other time, more special, more optimistic. And for Wall Street too. Santa Claus is known to have caused many a stock market rally during his legendary career – padding to the year-end...Read More
The Dow Jones Industrial Average surged 337 points today, rising almost 3%. When you look around you can find no good reason for the move. It is true that unemployment rates dropped in 43 states. But the move was ever so slight and accompanied by little job growth. That couldn’t be the reason for today’s...Read More
The 15-51 Indicator was introduced on July 4th, 2011 via the publication of LOSE YOUR BROKER NOT YOUR MONEY. Though the portfolio is new to the world, I’ve been watching it for more than five years. Having completed its construction by July 2006, I know this portfolio’s personality as well as any person can know a...Read More
The story of the day is that gold dropped 6%, ending below the $1,600 mark. The Dow Jones Industrial Average also lost ground, ending at 11,828, and firmly on its way back to the midpoint and fair value (11,245.) The 15-51 Indicator also moved lower, losing 1% of its value. Listen, it’s a sloppy...Read More
If you’ve been reading my blogs regularly you know what “the market” is doing and why it’s doing it. You know its problems and fixes. And if you’ve read my book you know that governments control markets. Yesterday Fox News hosted the last Republican debate before Iowans cast the first votes to see who will...Read More
Today, in yet another hostile day on Wall Street, the Dow Jones Industrial Average once again ran away from 12,200 – a.k.a. the RedZone. Up to this point the Dow is hanging onto a paltry 3.6% gain for the year. The 15-51 strength indicator betters that by 313%, gaining 11.4% so far this year. Here’s...Read More
After a strong move upward on Thursday of last week, when the Dow Jones Industrial Average rose an impressive 490 points, momentum has virtually stopped, as the Dow inches towards a point in which it can’t hold – 12,200. When you look around it’s easy to see that nothing has changed. Europe is still a mess and close...Read More
It was only a couple of days ago that the stock market showed some real attitude, surging 400+ points ahead on nothing short of a pipedream. That takes gumption. It was followed by another stalemate yesterday. And then there was today, which can be called nothing less than a gutless performance. November unemployment was released today...Read More
