Well, our sentiment survey for this coming week came in at 63% bears and 29% bulls, which put the system in a buy condition after being in a hold condition four weeks in a row. Typically, I would expect a rally with a reading like that. And we may get one this week barring any significant negative news events.
Here's this week's charts:
The Top 50 have not been fairing well with their
09/24/11 The bear flag breakdown Stocks experienced their worst week since 2008 as the ongoing debt issues plagued Europe, and here at home the Fed's "Twist" plan of buying $400 billion in long term debt while selling an equal amount of shorter maturities, did not go over very well. They also added the word "significant" to their policy statement saying, "There are significant downside risks to the economic outlook."
We The People will provide an official White House response to any petition that gets 5,000 signatures in 30 days
By Alex Salta
Writing a letter to the White House addressing your frustrations and desires for the direction of the federal government has long been the domain of cranks and the tin-foil hat brigade. But the launch of a new website by the Obama administration looks to change
Last week, the market logged five advances in as many days on its way to a 5.4% weekly gain. This week, the market logged losses in four of five trading days and ended the week lower by 6.5%.
Such wide swings speak to the headline risk of global economic developments as well as the emotional turmoil of the trader psyche.
This week's performance was the seventh weekly loss in nine weeks. And while TSPTalk declared that a bear
Stocks opened sharply lower yesterday and never really could get any footing although the Dow was able to close 137-points off of the low. But I guess that's not much consolation considering the low was a loss of 528-points.
For the TSP, the C-fund dropped 3.14% yesterday, the S-fund fell 3.62%, the I-fund lost 3.33%, and the F-fund