On Wednesday, the Fed bowed to the inevitable by following what the market has already decided – by raising interest rates. But with the new Fed Funds rate of 0.5%, it remains at historically low levels.
Tag: DJIA
ANNOUNCEMENT I have engaged a professional website deign team to upgrade my website and they are working on it as I write. They tell me my site is showing its age! I’m sure they are right. More details as and when. Last week, several
The most famous investor of today has to be Warren Buffett. His acolytes hang on his every word and try desperately to emulate his methods – and with their succes usually falling short in the process. When asked for his favourite time scale for holding
Last week, the Dow declined by 1,600 points in just four days. That was not quite the record of 2,400 points weekly decline earlier in February, but it was in the same direction – down. I hope that gives a clue which direction the stock
It must be great to be at the annual shindig at Davos every winter, mixing with the bigwigs of global finance and politics and receiving all their pearls of wisdom. Or not. Since I am rarely invited, I have the luxury of noting the prevailing
I have been describing a whole slew of sentiment indicators here from the COT, AAII surveys, Investors Intelligence surveys, DSI surveys and all are saying the same thing loud and clear – bullish mania is extreme. Of course, these indicators are no magic timing indicators
It is always extremely hazardous forecasting when a manic bull trend is turning, especially in real time! As the famous philosopher and baseball legend Yogi Berra said “ It ain’t over till it’s over“. And the famous atomic physicist Neils Bohr said: “Prediction is very
I have been asking Are We There Yet? recently. On Tuesday as the Dow and S&P were making new all-time highs, stocks sold off later in the day and closed sharply lower. That was the signal I was waiting for. But for confirmation of a
BIG ANNOUNCEMENT Next month I will be running my semi-annual Free Trial Offer to my VIP TRADERS CLUB. This is your opportunity to road-test my service. But I must warn you – it is not for everyone. To achieve trading success with us, you will
I recently came across this maxim that is especially relevant to trading: “The whole problem with the world is that fools and fanatics are always so certain of themselves, and wiser people so full of doubts.” Bertrand Russell Despite an onrush of gloom-and-doom disaster
On March 1, the Dow made its all-time high at 21,170 and then started a decline which was when I labeled that high as the long-awaited long and strong wave 3 top. My forecast then in early March was that the ensuing wave 4 down
Last weekend, I made a case that a major high was near in the US stock indexes such as the Dow, S&P and Nasdaq. That was a pretty timely call! For lo and behold, in overnight trading on Wednesday morning, that was precisely what it
