Before and After

In speaking with a bright, young financial planner (okay, it was my son) yesterday, I heard a notion that I just can’t get out of my head.  I was bemoaning the algorithmic state of affairs, how the markets are being propped up by the BOJ, ECB and FOMC with currency manipulation, outright stock purchases and … continue reading →

What Happened?

After reaching the 50-day moving average as we expected, SPX sold off another 10 points to…well, nothing really.  It just stopped going down, even though the 100-day moving average was all teed up just below. It was a lot like yesterday, when we got oh-so-close to the SMA50, but couldn’t seal the deal thanks to … continue reading →

Ah, So…

Don’t have much to add to this, other than the farce has now gone full tilt. From Nikkei Asian Review:   TOKYO — The Bank of Japan is growing into its role as a key source of support for the country’s stock market, as it has stepped up purchases of exchange-traded funds to bring its … continue reading →