Month: June 2012

Collective maneuvering by sovereigns is making it tough on the bear’s vision of economic disaster and effectively putting a range bottom in the equity markets for the balance of the year.  Only a significant impediment to the EU’s ability to cover shared subsidization of EU debt problems will turn the market south. Extended upside action…

Sovereigns have been collectively fighting the battle of market confidence and are hoping to ultimately win the greater war threatening world economic growth.  They have been engaged in direct intervention as we know in the credit and currency markets for some time but now appear to have entered into direct intervention into equity markets around…

Stocks continuing to sort out a range bottom as Wednesday’s action traversed but did not confirm a bottom.  After last Friday, many had worried that some of the broader indexes closing around the 200 day moving average meant something, let all concerned know ; i.e.  the 200 day average never means anything in any market.…