TECHNICAL VIEW . The Principle of Technical Analysis . I don’t want to jinx myself but I can’t keep quiet. Not after hearing the usual Wall Street mantra again this morning. That is, that no one can time the stock market so it’s always best to ride out its ups and downs. I mean this...
The Principle of Understanding History & The Principle of Technical Analysis . Written Tuesday, October 7th, 2008 OK, yesterday I heard one analyst, I believe it was Liz Ann Sounders, chief investment strategist for Charles Schwab say the recent sharp year-over-year (yoy) stock market decline is...
The Principle of History. Knowing one’s history gives us guidelines and a basis to work from. So yesterday I began to compare the last Papa Bear market we lived through, 1973-1974, which encompassed the first really oil crisis, to today’s ongoing bear market and oil shock. I said I was printing...
THE BIG PICTURE I started reading another doom & gloom book yesterday. It’s Robert Prechter, Jr.’s 2002 CONQUER THE CRASH . I know, I know. Too much focus on the glass half full. Still I don’t want anything to sneak up on me, on us. Immediately upon starting Bob’s book, I was impressed. I mean I...
The Principle of Understanding History (one of my seven stock market principles). The 1930s Vs. Today . I just started reading another stock market book. This time it’s 100 YEARS OF WALL STREET (2000) by Charles R. Geisst. Turns out it’s a fast and easy read. Thank goodness because that other book on...
FINISHING UP YESTERDAY’S BANK PANIC OF 1907 COMPARISON. My theme yesterday morning – that stock markets don’t crash during financial panics --was emphasized by yesterday’s price action. Pressure was again taken off the stock market by its big rally. Every time things get bad, the Fed steps in and the...