Giant Stock Market Crash!

Giant Stock Market Crash! Except it wasn’t. The SPY got over its recent wobble, and is making new highs again, closing at $459.25 on Friday – although you wouldn’t realize it from the financial press or, indeed, any other press. We may well be in euphoria, but it is the strangest euphoria I have encountered. […]
Did The Bear Bounce?

Did the Bear Bounce? The September volatility was a bit of a shock; the market had lulled us into a false sense of security. But let’s keep things in perspective: from the high on the 2nd September (453.19) to the low on the 4th October (428.64) the market tumbled 5.4%. That’s not even a correction […]
Is It A Bear?

Is it a bear yet? Not yet. SPY will have to drop to 362.40 before we are in a bear market, which is defined as a drop of 20% from recent highs. Right now, it is not even a correction which is a 10% drop. But we have dropped 5.3% since the recent high of […]