Insights

The charts on stocks and bonds seem to call for a lower stock market from here. The wild cards are the US Fed and the Eurozone leaders. Remember how bad the markets were in August 2010 and the effect of the QE2 announcement. This is a great article on what Ben...

Stocks were down over 2% this morning but have bounced up to -1.8%. They followed Asia and Europe lower. The latter was down as much as 3% following a disappointing weekend in which the markets expected announcement of progress on the Greece situation and got nothing....

Its nice to have stocks moving in the right direction as the market went 5 for 5 this week. For the week the S&P 500 gained nearly 6% while gold lost 1%. Most European stocks were up in line with the US market but Germany gained nearly 10%. Asia was up only slightly....

It was a good day to hold stocks and oil, not so much bonds or gold. The S&P 500 was up 1.7%, gold was down 1.6% and most bonds were down. We're still waiting to see what kind of bailout the Europeans will come up with. Meanwhile, economic numbers are lousy in the US....

The move up from the lows of Monday PM has been pretty impressive. We had some profit-taking at the end of the day today, but all in all, it has been a good couple days for stocks. We broke above the downtrend line of the last few weeks which is a very good sign....

Here's a link to the best article I have seen on a brief history of the Grecian debt crisis, including the Socialist's decade-long borrow and spend spree, hiding the true size of the deficit for years aided by Goldman Sachs and other banks and over the top benefits to...

Here's the timetable on a Greek default, which as I have been saying is just a matter of time. Later this month the IMF is due to make the sixth installment of an 8 billion euro loan to Greece. However, Greece has not met the austerity requirements and if the payment...

The US market, as has been its pattern lately, followed Europe's lead again today and finished up 0.9% - 1.7%, depending on the index. Tech stocks fared best. Bonds were down slightly while gold and oil were both up over 1%.