Weighing the Week Ahead: Is There a Stop Sign at the Old Market Top?

There is a psychological barrier at market tops. Think about this conundrum: By definition, a former top failed. That is how it got to be a top! A new high is the most bullish thing a market can do. Also by definition, since going higher means reaching and taking out old tops. As market averages […]

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Weighing the Week Ahead: Something New from the Fed?

As I wrote in my preview two weeks ago, we needed to expect a period with more noise than signal.  The post-election posturing and the effects of Sandy have left investors with less real data than usual.  In the next few weeks we may finally get some clarity. This week may  provide better policy definition […]

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Weighing the Week Ahead: Fireworks in the Forecast?

Forecasting fireworks this week should be pretty safe! I will have trouble outdoing last week's WTWA theme:  Upside Surprises.  Nearly everyone in the comments disagreed with me.  Sentiment is so negative that you can hardly get a good discussion about what might go right. We could have more fireworks this week, and not just those […]

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Weighing the Week Ahead: A Search for Leadership

I cannot do justice to the concept of leadership in one article, but let us hit the highlights. Leadership is what most market commentators want when they complain about “politicians.”  They want leaders of democracies to ignore the demands of constituents and do what is right.  Unfortunately, the punditry has widely varying views on the […]

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