Market Update, November 7, 2009
Hold your breath (breadth), as that is what the market appears to be doing. The S&P500 index may indeed print higher prices from here, but a rally (bounce) on declining volume is not something I would want to see if I were long this market. Notice the red and green arrows in that chart. Volume [...]

It Is Finished
The rally is over. The last piece to the bearish puzzle is in place. There was a bounce that happened after the Bullish Percent Index rolled over into a column of Os, and now the Hi-Lo index has joined in the fun. There was a small bounce that started today and it might last a few [...]

Market Update, October 17, 2009
This week I thought I’d share a couple of predictions with you. These mug shots with their summaries are from the video section of Bloomberg.com. Each picture contains a photo of the television appearance of the “expert.” They also contain the date on which the person made the appearance on Bloomberg and a nice little [...]

Market Update, October 10, 2009
The bounce that I was expecting last week showed up without fail this week. Fact is, the S&P500 was up every day this week. Nice bounce. While the NYSE Bullish Percent Index remains in a column of Os at a high level, indicating that the market is losing some of its steam and therefore may be [...]

Who’s On the Other Side of the Loan?
That is the question you have to ask yourself every time you hear these stories. Some funny (not so funny) highlights from the video: $50 million collateral on a $7 billion loan. 0.0071% equity at the initiation of the loan on buildings that are now worth 60% of the value at the time of the loan. “significant discount” “50% [...]