Dow teeters on edge. Bottom fishers catch deadcat fish?

Posted on Oct 25, 2008 by .


Dead cat.  Get it?  The dead cat bounce is over and the market is now the site of a tug of war between bottom fishers and paniced sellers.  As there is no clear signal the way to stay is short (if you were already short) or out.  New shorts or longs or anything at this point is just cruising for a bruising if you are an investor.  Stocks are cheap?  What makes you think that?  the P/E ratios are still historically high even at the sold off prices.  Mark Hulbert at has a useful column on this subject.

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Perverser and perverser. Gold teeters on edge (or over edge)

Posted on Oct 22, 2008 by .


There are two stop points here, one is 3% under the September low, at 70.33 (on close) and the other is 5% under it, 68.88. If GLD does not hold here at these stops we will be out and waiting until a confirmed uptrend begins.

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Gold perversities

Posted on Oct 21, 2008 by .


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In the wreckage of the carnage. Buy? Sell? Put head in sand?

Posted on Oct 18, 2008 by .


Is this the end of the beginning?  The beginning of the middle? The end of the end?  The middle of the end?  No one knows.

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One historic move after another. Dow suffers second biggest drop in history.

Posted on Oct 15, 2008 by .


Surprise.  Surprise.  Surprise.  Enough already.  Second biggest drop of Dow in history.

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