Todd Harrison of Minyanville.com is one of the handful of deadly accurate “guru’s” who actually practice what they preach. If you can deal with his verbal diahrea and pessimistic vibe, you will get some excellent ideas. In any case, Toddo is short-term bearish, sees the market for 2009 as “W”-shaped, and we are now sliding down to the right side of the W. We’re assuming he expects stocks to bottom over next 6 months. This plays into the theory of the market taking investors through the path of “maximum frustration”. Sounds about right to us.
The Big Picture
Kass: “George Costanza” Market Now in Backing and Filling; Still Bullish For Summer Rally
Call this the “George Costanza market,” a market that does the opposite of what everyone thought it should have done three weeks ago and might now deviate from a growing view that the market will continue its rise in the weeks ahead. […]
The Big Picture
Economy now “Self-Sustaining” – JP Morgan
Sees Uptrend in Stocks Through April […]
The Big Picture
S&P 500 heading for meltdown according to Fibonacci analysis (Watch this video)
The experts at INO have created a great video which gives you insight into what is REALLY happening in the equity markets right now and in particular in the S&P500. […]