Blog Archives

Assumptions Going Forward


Good morning. First real down week for the market in a while, with the SPY down from 95.08 to 92.04, or 3.2% on the week. A lot of the down move was caused by a correction in the price of commodities, most notably oil. Oil was down over 3% on Friday, and the oil part of the SPY (XLE) was down 8% on the week, from 53.51 to 49.21.

Read more


Who Will Guard the Guards?


Good morning. Another week, another drop in the market. This time the SPY’s were down only from $85.06 to $83.11, or 2.2%. This actually represented a decent recovery from the huge sell-off of 5.3% on Inaugural Tuesday. It does seem, from watching the market, that there still are liquidations going on and any sort of rally is met with renewed selling pressure.

Read more


Who Do We Think We Are?


Good morning. Another week and still no rally of any sort, not even a feeble Bear market rally. Given the action in Europe today (Dr. Martin Luther King’s birthday) I do not hold out a lot of positive hope for tomorrow’s market as well, even though it is Inauguration Day. It seems Royal Bank of Scotland, and others, still have issues.

Read more