Exceptional clear view of the market, great job by Andy Dufresne
It looks like 1080 on the S&P is an intermediate-term high, with the potential to become a major multi-month—dare I say year—high. Sell the pigs that flew the highest in this rally now.
To sell the rally you must have tried to buy it first—the other [...]
Written by John Mauldin
John still believes the recent rally is a suckers’ rally and that we’ll likely be working our way out of this hole for years. One reason for that pessimism is the conviction that earnings won’t just snap back to pre-crash highs the way they have in recent recessions.
photo by Pickelweasel
In short, because [...]
Berry Ritholtz writes about upcoming earnings season ..
“There are lots of reasons for the current rally to lose steam just about now. By many technical measures, it is extremely overbought. On a charting basis, the major indices are bumping right up against key resistance levels. At the very least, the strongest 4 week S&P500 period [...]