Sell in May (But Don’t Go Away)
I keep hearing people talk about “seasonal factors,” as if that is the only element influencing markets. In reality, seasonal...
Chart of the Week: Gasoline (inflation adjusted)
Refined Gasoline, adjusted for inflation, are nearing levels seen near the peak of the first Gulf War in 1990. Gasoline (inflation...
WSJ: It’s the Economy Stupid?
Surprising polling data from the WSJ: While its no surprise that Iraq polls negatively for the President — 60% of respondents say...
Fed Denial
Jim Picerno has a great post over at The Capital Spectator, noting: “OPEC and the Federal Reserve don’t have much in common,...
The Return of Tice
Barron’s has an interview with Uber-Bear David Tice in their online version. Tice is — Surprise! — Bearish, and expects...
Spitzer tells Music Biz: Stop Robbing Artists
Whenever you hear any of the five big Labels mention how downloading is bad for artists, what they are really saying is downloading is...
Fading the Pros: When going against consensus is the right call
One of my very favorite things about the market is how it so often confounds most everyone, even the so called Pros. Indeed, these...
Fading the Pros
I have a story up over at RealMoney.com, “Fading the Pros.” The full piece is subscription; I’ll get an excerpt up soon...
Seventh Inning Stretch
Because Markets are future discounting mechanisms, news is mostly anti-climatic on Wall Street. Traders learn early on that the more...
Chart of the Week: 10 Day Moving Average of TRIN/Arms Index
The Arms Index measures how much volume is going into the advancing versus declining stocks. Low TRIN readings suggest an overbought tape...