Weighing the Week Ahead: More Excuses for Selling?

Experienced traders understand that markets rarely move in a straight line. Staying with a long and strong trend — either up or down — is often the most difficult trade. We expect stair steps and corrections since fundamentals rarely support such rapid changes.  The result is that as a move gets more extended, even traders […]

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Do You Adjust Your Price Targets?

I hate static price targets!  Hate them! Most of the research we read or see on TV is a bureaucratized and sanitized version of analysis.  The firm determines something, and that is the official version for public consumption.  Those who pay no attention to changing conditions add no value for investors. Did you notice that […]

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Bernanke to Savers: We don’t owe you a living

While we wait for tomorrow's employment report, there was another big story today — the Fed treatment of savers.  Fed Chair Bernanke testified before the House Budget Committee, responding to some illuminating questions from Committee Chair Paul Ryan (R. WI).  Joe Weisenthal, who is usually on the track of the biggest story, anticipated this one […]

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