The economic reports released in the Christmas week continued the recent trend of stronger data. In particular, consumers have been leading the way as shown by several reports last week. The Goldman and Redbook weekly retail reports both showed strength going into the holiday with the year over year change now in the range of .. read more
I don’t believe President Obama could have been more obvious if he’d taken out a full page ad in the New York Times. He isn’t happy about it and his heart isn’t really in it, but he is shifting policy to a more centrist tack. The compromise with Republicans on the Bush tax rates was .. read more
Has sentiment reached an extreme? Is anyone surprised anymore when weak economic data is released? Were you surprised that existing home sales fell 27% last month? I wasn’t and apparently neither were the people buying up home builder stocks when that news was released last Tuesday. Were you surprised to read the Goldman and Redbook .. read more
Another week of strong economic data pushed stocks to new recovery highs. We finally received some decent news on the housing market which may or may not last but the jobs picture remains fairly dismal. There is no indication that the economy is peaking here; in fact it seems that things are starting to accelerate. The .. read more
Bears have surged in the latest AAII market sentiment poll: Bullish 29.2% Bearish 43.1% Neutral 27.7% Sentiment indicators are not exact timing tools, but it looks like the time buy is here.