According to an article that appeared in The New York Times, written by Norihiro Kato, the Japanese have gotten good at sloughing off their worldly cares. Japan is no longer the world’s number two economy; it was eclipsed this summer by China. But the Japanese are used to slippage. We all know the story of [...]
It still looks like the US stock market is rolling over. The Dow dropped another 39 points yesterday. The Fed has already said it will leave its key interest rate at a very low level for a very long time. The US Treasury has already announced a budget with more than $1 trillion of fiscal [...]
I told you yesterday that the FOMC had set off some fireworks with their statements the other day, and those fireworks turned into a major sell-off in the risk assets yesterday… Stocks, currencies and commodities, all sold in a major way! Stocks were down 2.5%, the euro (EUR) was down three whole cents, and gold [...]
Everyone agrees that you should buy stocks when they’re cheap, but no one ever seems to agree about what “cheap” is…or least, what “cheap enough” is. The definition of “cheap” is, in fact, the opposite of Supreme Court Justice Potter Stewart’s classic definition of hard-core pornography: “I know it when I see it.” Almost no [...]
Looking for that pull back to buy it… Source
We left off yesterday’s issue “When Good Falling Prices Go Bad” wondering what stock market investors were thinking. They bought stocks heavily on Monday. Then, yesterday, they sold them a bit – the Dow fell 38 points. Yesterday was largely uneventful. Gold rose a dollar. Oil climbed to $82. Maybe stock market investors are not [...]
Here is the video regarding what I see are targets for the $SPX for the next two to three trading weeks. Forgive the error about the 1050 target (I meant 1150). This video includes a short discussion regarding price symmetry in Fibonacci patterns. Source
Today, we’re fortunate to have Oli Coibion, and Yuriy Gorodnichenko, Professors of Economics at William and Mary and at UC Berkeley,… Source
Today’s rally took us up to the expected overhead resistance target at the… Source
take some of the table… Source
In last night’s report, I highlighted the symmetrical triangle formation on the intraday charts for the S&P 500… Source
Here are a series of videos that describe targets for U.S. Stock Market Indexes for the next 10-15 trading days. If you have questions, leave comments or send an e-mail to buffalotrader100@gmail.com I will address the answers in future posts and videos. $SPX $INDU $COMPQ Source
Special situations look like a particularly good spot to be in these days. Why? I’ll explain below… But first, it may help to take a minute to explain what a special situation is. It’s actually an old concept. The best definition may be that of the great Ben Graham – famed value investor and mentor [...]
What a rally in the risk assets yesterday! And for once, when the rally fizzled out yesterday afternoon, profits weren’t taken in the overnight markets… Instead we saw a consolidation, if you will, of the price gains on Thursday in the overnight markets. That’s nice to see, eh? For it had been the pattern of [...]
Ed. Note: This is an excerpt from Whitney Tilson’s presentation to the Value Investing Congress in Pasadena, California on May 5, 2010. Whitney Tilson is the founder and Managing Partner of T2 Partners LLC and the Tilson Mutual Funds. Two years ago, we stood up here on this exact stage and delivered a very downbeat [...]
The Mad Money host remains cautious of a European collapse, but still wants you to stay in the game. Original Source >>>
Today is the day – the market officially tested the February 2010 lows in the Dow Jones and S&P 500, a very likely downside target that has been fulfilled… Source
Weekly momentum is now becoming oversold, meaning that we could be setting up eventually for a bottom. However, if price symmetry on the indexes hold, these price bottoms are still a farther piece down the road. Price symmetry would suggest rough target lows on the $INDU at 9560, $SPX at 1020, $COMPQ of 2110 and [...]
The present volatility will be resolved by a decisive move to the downside. Yesterday, the Dow moved 225 points into negative territory. Was that decisive? No. Not in itself. But it looks like the top is in. If so, stocks should be going down…down…down… Maybe for a year…maybe for 5 years…maybe for another 10 years… [...]
From a speech given in Las Vegas on Saturday: On my recent trip to India, the financial press was very eager to hear what I had to say. They invited me on to their television shows. They interviewed me for magazines and newspapers. The local paper ran a full-page interview and sent out an artist [...]
