Monthly Archives: November 2012

Nov30

So far you have to be impressed with what the market has done off the mid November lows.  After the typical knee jerk oversold bounce, the indexes have been "clearing and holding" if you will – taking one level, basing…

Nov30

Copper, the Chinese stock market, and quite a few comments by global multinationals all confirm a Chinese slowdown.  On the other hand "man made" Chinese statistics [Dec 7, 2010: WikiLeaks - Chinese GDP Figures are "Man Made"]  are showing some…

Nov29

The Mayan Calendar watchers at ZeroHedge have an interesting piece up regarding S&P 500 earnings.  Long time readers will know the issue between GAAP EPS and NON-GAAP EPS, the latter of which now popular on Wall Street as it overstates…

Nov29

The reaction in the market is now predictable.  Swan dive.   EDIT 12:10 PM – then Reid comes out 15 minutes later and says hey why is everyone sweating and market jumps back up 5 points.  Thankfully we're not a…

Nov29

Aside from no new higher high yet on any major index, the other issue at this moment is the slope of the 50 day moving averages for all the indexes which are still downward rather than upward.  It will of…