Federal Commitments Total $5 Trillion

There is a rising tide of negativity about "bailout nation."  Public opinion has been in opposition each step of the way, most recently on the auto bridge loan, announced today and analyzed by us here. The problem in the media characterizations is that everything is described as a "bailout" since that is the story that […]

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Looking Back, Looking Ahead

Today marks some important changes both in market fundamentals and in psychology.  On such occasions we interrupt our regular writing agenda for more specific market commentary.  This is an occasion where readers unfamiliar with our recent work should take some time to follow the links. In recent days we have tried to provide some perspective […]

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Starting with the Result: The Blowout of the Week

Stock market methods have different time frames.  If a method trades on an intra-day basis, the trader can get into the "long run" very quickly.  If the trades are weekly, it takes longer. The long run is elusive.  Since prices are more psychology than value, the definition of the long run depends upon changes in […]

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