Over the past 2 years, i’ve been posting S&P 500 forecasts anytime there is a major change in direction coming. I’ve noticed since mid 2008, I get about 3 times more traffic on down days for the search term S&P 500 forecast.
Unfortunately, the Obama Administration is at it again. One week the economy is in shambles, and they proclaimed doom and gloom; the next week, a bear market rally occurs, in the Obama camp now claims the economy is fundamentally sound.
On Tuesday, November 10th, I recommended comcast as a hot stock pick on the short side. The trade was opened at $16.65, and yesterday, November 21st, my profit target of $13.17 was hit, closing the trade.
Is This Bear Ready To Hibernate? If you follow my regular updates on the s&p, you know that I expect the market to head a bit lower within the next 5 months before we get to head for higher ground. No bull or bear market moves straight up, or straight down, and counter trend relief rallies [...]
With the Federal Reserve cutting the discount rate 50 basis points to 1%, it remains to be seen if this will loosen up the credit markets. There remains a great deal of mistrust among banks and borrowers at the present time, and until that changes, we would look for the economy to limp along
