Markets

Jul 29, 2011 at 08:58

Here are two words that Americans and the rest of the world have not paid much attention to until now: DEBT CEILING. The debt ceiling drama has been keeping Americans…

Jul 29, 2011 at 08:41

I'm starting to think this is ironic ... The country is in debt and the Government's revenue can cover the current debt. In other words, the cash outflow is greater…

Jul 29, 2011 at 07:37

I encourage everyone to sit back and enjoy the theatrics as Congressmen shove their way to the front of the line for a fifteen second sound bite on national TV.…

Jul 29, 2011 at 06:49

The persistent and mindless bullishness on gold lately has got me nervous. When I get nervous the first thing I do is pull up a multi-year chart and look at…

Jul 29, 2011 at 06:47

The deadline for some type of debt-ceiling deal is now only five calendar days away (three trading days). The odds of no agreement of any kind coming together remain relatively…

Jul 29, 2011 at 06:28

Thursday saw a large intraday move higher reverse itself with the Dow and SP-500 logging losses while the NASDAQ-100 managed a modest gain. None have yet reached their 200-DMAs which…

Jul 29, 2011 at 06:27

Gold prices are struggling beneath resistance at 1624-1640. The yellow metal must close above these levels in order to confirm sustainable extensions higher in line with the major uptrend towards…

Jul 28, 2011 at 20:57

Just like in the cinematic masterpiece that is Armageddon, the rocket (Congress) is about to land on the approaching asteroid (US debt) and blow it up (extend the debt ceiling).

Jul 28, 2011 at 20:56

Markets that remain rangebound can be quite frustrating when the time period of the range gets long in the tooth and erratic in its structure. Everyone waits for it to…

Jul 28, 2011 at 20:55

Bonds shrugged off somewhat-upbeat economic news and stocks managed to fade late in the day. As bullishly as the equity market was behaving two weeks ago on bad news, it's…