India’s relentless search for hydrocarbons to fuel its booming economy has managed the rather neat diplomatic trick of annoying Washington...
Away from Europe the US continues slowly to adjust but I worry that this adjustment will be derailed by a weaker external sector.
Last week Detroit outlined its plan for necessary financial restructuring in bankruptcy. The emergency management team reviewed the cities public pension plans...
Whistleblower Edward Snowden needs to disappear if he is to avoid kidnapping, assassination, extradition, or deportation to the United States. If you’re ever faced by a situation in which you need to disappear, right away, what would you do?
Our Magnificent Seven of Grains are perhaps not as exciting as those in the Seven Samurai or the cinematic classic The Magnificent Seven(Yul Brynner, 1960), but they are also essential to the survival of the world “village.”
In this third part, we look at how credit comes into existence (via arbitrage, of course) with legitimate entrepreneur borrowers.
The S&P 500 rose by 0.76% and the Dow was higher by 0.73%. Stocks started the week strongly after declining Friday. The major averages were up over 1% in the morning session.
As we stand now there is far more right than wrong with the technical picture of the market. There are fewer stocks now in basing or advancing patterns than earlier in the year, but the weight of the evidence still gives the bulls the benefit of the doubt. I pointed you toward the 50-day moving averages the past few weeks. Those levels have been touched and successfully tested more than once over the past several weeks. The action at these support levels leads me to believe that the bulls are still in command.
Experienced traders and investors respect and understand the concept of “Don’t fight the Fed”. The basic rationale behind the expression is that when the Fed is printing money, the odds are tilted in the bulls’ favor. Conversely, when the Fed is tightening policy, bearish odds begin to pick up.
Clearly, Warren Buffet understands “management of risk” concept for he too has learned when to “play hard” and when not to “play.”
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