The stock market continues to grind higher in the face of skepticism. It is a familiar story. Nearly a year ago we highlighted the “wall of worry” concept. I wrote as follows: Our Take We have no illusion that every story will turn out to be wonderful. Our own position has varied both with economic […]
Health care legislation has been a focal point for national debate for more than a year. One way or another, the fate of legislation supported by President Obama will soon be decided — probably this week. The final maneuvering will be the most important story of the week. Sure, the Fed will meet. We will […]
If you find the current market action frightening, you are not alone. There is a bull market in disaster predictions, with a chorus of pundits predicting “another 2008.” Sentiment indicators show increasing fear. Improvement in corporate earnings is seen as more evidence that something is wrong. After all, a market that cannot rally on good […]
A recurring theme at “A Dash” is the question of time frames. Let me posit three different investors: The Trader has a three-week time horizon. He wants action and actively tries to time the market. The Investor has a multi-year horizon. Since he is not poised to sell a stock each day, he embraces the […]
There is a strong theme for this week’s trading: Psychology versus Data. The objective is to make a profit. Each week is a new challenge. It is my intention to do my look ahead on Friday or Saturday, but this week was a little special on a personal level. Regular readers know that my main […]