Mark J Lundeen
The Dow Jones continues gaining momentum to the downside, this week closing below its BEV -20% line. This isn’t going to change anytime soon, not for as long as the idiot savants at the FOMC continue denying the financial markets what...
The Dow Jones this week took out its lows of last June, as seen in its BEV chart below. How much further will the Dow Jones go in its current decline? I can’t say with certitude, and no one else can either.
This week the Dow Jones gave up all of last week’s gains. Moving from last Friday’s BEV -12.63% to below its BEV -15% line at the close of this week. Before we go deeper into this week’s market action, let’s take a moment and study this...
This week the Dow Jones lifted up a bit from its BEV -15% line, closing with a BEV of -12.63%. What exactly does that mean? In a BEV plot, all new all-time highs are reduced to a 0.00%, and never more at the Red BEV Zero (0.0%) line. ...
Last week for the most part, was a quiet market. Then came Friday and the Dow Jones dropped over 1000 points, becoming a day of extreme volatility, a dreaded 2% day, closing 3.03% down from Thursday’s close, taking the Dow Jones back...
This was a slow week. It’s difficult writing something interesting about mostly nothing, but I’ll give it my best shot. Nothing much happened with the Dow Jones this week; down by 54.31 from last Friday’s close. A decline barely visible...
For the first time in 2022, the FOMC is on track to drain $40 billion from their balance sheet for the month of August. In the table below, dates are Barron’s issue dates. So, the week of August 1st was actually the last week of July. ...
The market this week was a bit on the boring side, but that is how things on Wall Street usually go. Following the market is much like following a daily soap opera on television. Not every episode is exciting, but you have to see most...
This week, the Dow Jones closed above its BEV -15% line in its Bear’s Eye View Chart below. I guess that is something to be appreciated, because the day the Dow Jones breaks below its lows of March 2020 below, we’ll all live in a very...
This week the Dow Jones closed with a BEV of -15.50%, not yet breaking below its BEV -20% line in this market decline. Who knows, maybe it won’t. Maybe it will now turn around and go on to new BEV Zeros below, taking the rest of the...
