I just got the quarterly Cycle report from Fidelity. Quite extensive and very nicely done. The economy is actually in good shape contrary to all the false hype coming out of the GOP debates. Of course we all know those clowns just make it up as they go. They make Read More
In August, in fact the week ended 8/21/2015, the market made a significant turn. The weekly indicators (moving averages, linear regression curves) turned bearish for the first time since 7/2011. The Dow downside targets are 14,500-13,700 or as low as 11,000 S&P downside target 1560-1400 The SPY is the ETF Read More
Since everyone is watching the great gas prices of January, disappear I thought I would put up a chart on oil futures. My wife noted that she paid 2.19/gal for gas in January while now it is at 3.29 here in Colfax, CA. The downswing in oil has brought the Read More
Interest rates have been extremely low for a good 5+ years now. And we know its because of the Fed keeping the discount rate at zero and pumping free money into the sytem. But nothing goes on forever and I have to wonder is the bond market the next bubble. Read More
Here is a great infographic on the recent ADP payroll statistics, showing solid gains however not really enough to bring us back to much lower a much lower employment rate. February private payrolls grew 198,000 but that just keeps us from getting worse. We need over 250,000 to really make Read More