The bear market arrived in emphatic fashion on Tuesday, with the Dow Jones Industrial Average (DJI) falling 300 points to DJ 8487, a six-week low. Previously, the Dow had fallen nearly 550 points over a less than two week period. While...
We wrote in our commentary last Thursday that the "bear market has arrived" and that the new trend in the U.S. stock market was now the "friend" of all bears. Today's market action (Aug. 4) only serves to further confirm the veracity of...
For long-time bears, the U.S. stock market's long and arduous ride to historic highs has been nothing short of frustrating. Many a trader, no doubt, experienced the anguish many times over of being stopped out of a short sale over the past...
The week of July 20 was unexpectedly volatile in the U.S. stock market, and with each passing day it appears the long-awaited equities bear market is closer than most expected.
The Dow Jones Industrial Average arrived at a critical juncture today (July 17) and moved decisively upward in penetration of overhead resistance of 9200-9260. As of this writing the Dow, rested at 9,328—a new all-time high.
It is been our plaintive plea for some time that investors should begin looking for ways to exit their long positions in U.S. equities and begin transferring their money to safer financial instruments in anticipation of the coming stock...
Stocks continued sideways last week as the ongoing, multi-week distribution phase of the equities mania continued apace with enlightened pros dumping shares on the benighted masses who constitute the buying segment of the market. This...
An article appearing in the Wall Street Journal last week heralded the return of the speculative mania, stating that "exuberance is back." The article made reference to last week's surge of several broad market indices as they shook off...
Having grown accustomed to steadily rising rates of inflation over the better part of 20 years, Americans have been inculcated with the belief that inflationary trends pose the only threat to economic stability. Bad memories of the...
The Dow and the Chicago Bulls exit with a flourish
The Chicago Bulls, like tungsten filament in a light bulb, shone their brightest just before total burn-out. At the same time, the bulls of Wall Street demonstrated the same ultimate...