Monthly Archives: June 2009

Radar Report – 6.25.09

25
Jun 09
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Flash Alert – The Market & An Invitation

23
Jun 09
Yesterday’s market drop was based on old news (the world’s economy is weak) and built up negative sentiment very quickly.  The VIX Fear & Greed Index went back over 30 as options premiums expanded.  That probably means we’ll see a bottom soon, maybe at 890 but more likely at 842. While the bullish case is not derailed by yesterday’s move, I was disappointed that yet more work needs to be done before the move to 1060.  I think that is where this market is going, but days like yesterday reduce the chances of pushing on from there to the next...

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Radar Report – 6.11.09

11
Jun 09
Dear New World Investor: The recession is over. That may look like a nutty statement to you, as nutty as this from the March 5 Radar Report, the day before the market bottom: “Today’s drop to 678 intraday and close at 682.55 will probably be followed by a touch of 664 tomorrow, after the awful labor numbers come out. That would be driven by lots of investors just giving up, which is exactly what the market needs to clear the decks for a sprint to 750 and, perhaps, just maybe, beyond. We’ll know soon how this will play out.” “Here...

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Flash Alert – TKO & The Market – 6.1.09

01
Jun 09
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