Month: October 2007

  • Big Week Coming?

    Well the indexes just could not reverse the down action of the previous week and now must wait to see if the Fed can provide continued comfort. The two reasons for the overall support for the markets, it is explained on television, is liquidity and global growth. The first is represented by giddy types like…

  • Go Deep, Then Stop

    Well, we did warn you. Lousy index action after the recovery of the August downturn has resulted in another index meltdown. This coming week’s action will have great liquidation potential and may, if low enough, put in a low that the forth quarter that the bears will have to live with. Bond futures topping this…

  • Any Which Way

    The heads are putting their spin on data for the final quarter. The argument over the real amount liquidity the Fed is providing is making guys like Gross of Pimco jaw about treacherous banking conditions. Ever since the rate cut the treasury futures have been heading south. Gross needs continued Fed easing for his current…

  • Bull Fish

    DJI, SP500, and NQ100 knee-jerked a rally today after Fed minutes release. Pumping up the balloon continues despite the chances of another Fed cut seem unlikely. Various hedge managers are calling for substantial gains in stock prices over the balance of the year, but listening to them will not increase your IQ. These markets are…

  • Indexes Smell

    Back on September 10th we wrote about the bears inability to establish a downtrend. A Fed that is easily fooled and a buyside machine currently meeting little resistance while flying the global growth flag has the bear thinking ugh. But this market behaves oddly. Much like the ‘ new economy ‘ reasoning leading up to…

  • October Begins

    Bunch of data this week but most think the fix is in anyway as far as Fed is concerned. Starting the last quarter with eye on new highs in DJI, SP500, and continued strength in the NQ100. October will be reversal month if there is to be one but the bears have little faith in…