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...
In this third part, we look at how credit comes into existence (via arbitrage, of course) with legitimate entrepreneur borrowers.
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.