Words from the (investment) wise for the week that was (March 2 – 8, 2009) “Down, down, deeper and down”. So goes the chorus of a Status Quo song, but it is eerily starting to sound like the stock markets’ anthem. Another week and another plunge of equities on fears about the int...

Just about every economist says that the employment rates, ergo the unemployment rate, is a lagging indicator.  The same is arguably true for the total number of rigs in oil and gas.  Baker Hughes Inc. (NYSE: BHI) issued its new rig count for the month.  This is still lagging, but the count of ri...

China is leading the markets this morning. Word is that Chinese Premier Wen Jiabao may announce new stimulus measures tomorrow , adding to a 4 Trillion yuan ($585 billion) spending plan as the government tries to revive growth in the world’s third-biggest economy. Wen will announce “a new stimul...

WTF does everybody think they are gaining by calling a bottom every week? Yes 1 week someday you will be right, and you'll still be nothing more then a jackass. Anyway I'm short Bottom Callers This market is beyond awful - I am net short the SP now along with my DRR and Short USO. Even HTS is a play...

Words from the (investment) wise for the week that was (Feb 23 – Mar 1, 2009) Battle-weary investors remained skeptical of a banking quick fix and endured more grim economic fodder during the past week, causing US stocks to hit their lowest level since 1997. After the worst January (-8.8%) on reco...

They say any crash you can walk away from is a good one but this sure doesn't feel like it. Let's not forget, it's been a short week. Last Friday moring I had said : "Dow 7,800, S&P 820, Nas 1,460, NYSE 5,100, Russell 437 and SOX 203 all better continue to hold today but, even if they do, we’r...

What a great week! I am so happy we stuck to our guns after that very disappointing Monday session. Fortunately, after the awful finish the market had to last week , I went into last weekend's Economic Overview with the full intention of making a bear case for the market going lower and ended up rea...

What a great time we had yesterday! Despite the myriad of market concerns, I closed the morning post saying we would be shopping our Buy List and, at 10:03 , I cautioned members to put stops on our put plays and at 11:13 I felt good enough to lay out my 25 favorite plays of the moment off our Buy Li...

Are we going to just drift into the holidays? On Friday in our Phil's Favorites section, Ileen posted an article from Corey at Afraid to Trade in which he put up an S&P chart based on Elliot Waves. In chart 1 (below), we have finished wave 3 and should be heading for a nice rebound in early 2009...

While consumer prices are falling at the fastest rate on record, it doesn’t seem to be delivering an equal boost to retail exchange traded funds (ETFs). While some of the larger retail funds are up slightly in the last month, it’s hardly reflective of the rapid drop in prices, which......