Mark J Lundeen
Both the Federal Reserve’s and foreign central banks’ appetite for US Treasury debt have apparently been sated, (for now anyway) as seen below. The Federal Reserve alone has increased its reserves of US Treasury debt by 850% since 2008.
The one word that best describes the stock market since early March would be “lackluster,” a market that’s neither hot nor cold. The Dow Jones Bear’s Eye View (BEV) chart below begins at the absolute bottom of the credit crisis bear-...
One of my stock-market pet peeves is the current earnings fetish, which would have little value in predicting valuation trends if the casino weren’t rigged. Few people today can recall why Charles Dow actually began compiling his stock...
You may think that this is April 2015, and for those who follow the calendar that is exactly correct. A month ago I couldn’t let Fluffy out at night without exposing the little girl to frostbite. Today the grass is green, trees are...
People never want to hear bad news, especially when it’s really bad and undeniably true. So, most of us turn on the television to get our world view from “reporters” and “experts” who have apparently dedicated their lives to protect their...
If you’re willing to ignore the behind the scenes shenanigans in the stock market; central-bank market stabilizations, management driving their companies deep into debt to fund share repurchase programs, and dubious earnings numbers, then...
When one looks at the daily or weekly NYSE or NASDAQ breadth statistics on the financial pages, publishers always list the number of 52-Week Highs and Lows made during the day or week, and it’s good data. Major indexes also make 52Wk...
As we move deeper into 2015, we find our economy and financial systems still in quite a mess. We’re approaching the end of a dark road the “policy makers” have been leading us down for nearly a hundred years. How the Federal Reserve...
Uncle Sam likes spending money; whether from taxes or sales of Treasury debt, it’s all the same to him. By December of 1952 the US Treasury had accumulated $262 billion dollars in debt, a shocking sum at the time. Now, seven decades...
Strange things have been happening in NYSE market breadth, [also known as the Advance – Decline Line (A-D Line or A-D Ratio)] since April 1998. During the six year period from April 1998 through January 2003 (green circle below) the NYSE...
