S&P 500: Dangerous Black Swan Chart Formation
This very “interesting” chart came across our desk this afternoon:
Special Thanks to Mr. P & S K
This very “interesting” chart came across our desk this afternoon:
Special Thanks to Mr. P & S K
Buy me 10,000- or whatever. If it goes up 1 point, buy more. If it goes up another point, call me. If it goes down 2 points, sell it. This sane, simple advice- unload losers, ride winners- became a source of enduring mystery for me: Why didn’t more investors embrace it? And why did so many…do just the opposite
Sovereign debt woes continue to be the bane of this rally. At the end of April the S&P Rating Agency downgraded Greece’s debt to “junk” status, which accelerated the steep sell-off in the euro and sent it down to its 2008 lows! This sparked a world-wide panic sell-off which sent stocks plunging. In addition, Spain and Portugal’s debt was also downgraded which put pressure on a host of capital markets. Italy and Iceland are the two nations which analysts believe are also dealing with ominous debt levels. All of this helped the US dollar enjoy one of its strongest gains against the euro in over a year. Since November, the greenback has rallied smartly and jumped above its 50-day moving average (DMA) and 200 DMA lines. As expected, the stronger dollar sent US stocks and a slew of commodities (i.e. dollar denominated assets) lower as investors continue to debate our economic future.
Right now the world is in nascent stages of a massive economic recovery. There is no question that Asia is playing a pivotal role in that process. Asian economies are currently growing at a very rapid pace. Countries like China, India, Russia, Japan, South Korea and Singapore are experiencing robust economic growth which will eventually translate into more important global power. However, that is years, if not decades, away and it is nothing for the West to fear.
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Join Our Free Newsletter Odds Favor Stocks Rally In 2014 The S&P 500 ($SPX) soared nearly 30% in 2013! Great Year- but what does that mean for 2014? The data is mixed for the market but bodes very well for the economy (GDP). Since 1950, there have been 17 other instances when the S&P…
There is a lot of misinformation circulating on talk radio, at town hall meetings, in the blogosphere, and around office water coolers about President Obama not accomplishing anything in his first year in office. It is time to set the record straight with a list of Obama’s initiatives for 2009.