Thursday, October 3, 2013
Despite Turmoil in Washington, Stocks Still in Bubble Territory
Even after all the temporary and partial shutdowns of
various government agencies, and even with the decline of stocks by 128 points
today, the long-term charts of the S&P 500 show that stocks haven’t
declined very much, and remain in bubble territory!
Wall St Unconcerned About Partial Government Shutdowns
History would suggest that it will be short-term, but this time, Obama is refusing to negotiate at all with the House. Stocks are down only modestly, but appear to be in waiting mode, confident that imminent resolution will provide support for a relief rally. They may be waiting longer than they expect. Wall St has been blinded by both hubris and Fed easy money.
Monday, September 30, 2013
After Being Down 130 Points, Stocks Rally At Open
This despite that the budget and Obamacare impasse continues. Dow down only 90 now.
Sunday, September 29, 2013
Stocks Crushed on Obamacare/Budget Impasse
Dow is down 115 points! There appears to be no resolution in sight.
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