All That Matters

The S&P 500 has plunged precipitously many times since the 2009 lows.  Yesterday’s 40-pt swoon not only reached our downside target range, but tagged the channel bottom from May 2009.  A reversal here would allow the appearance of an ever-improving market to continue.  So, that’s exactly what we’ll get today. As we noted in yesterday’s … continue reading →

Coming Undone

And, just like that, the ability of The Powers That Be to control the markets is once again called into question. Classic Rock fans might wish to enjoy a little Guess Who whilst reading this morning’s post and picturing Angela Merkel’s expression upon seeing the markets awash in red this weekend. With Greece seemingly irretrievably … continue reading →