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…
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…
A reader question looks for an opinion as to the gap in July. First of all we know all the market mythology about gaps and their being closed and such.…
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. The euphoria of Monday –…
Surprise. Surprise. Surprise. Enough already. Second biggest drop of Dow in history. Actually, no surprise to us. As we were saying in our last letter panic sell offs are invariably…
