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...
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...