"Purchasing remains a challenge as suppliers now seem to be trying to raise pricing at any sign of life in the economy." (Computer & Electronic Products)"Business is picking up — lots of opportunities." (Primary Metals)"Agricultural commodities continue to weaken, with the exception of the dom ... Read more

The current Elliott Wave structure for the Dow looks very similar to that of the 1937-1938 time period as shown in the chart below.  In 1938 the Dow completed a 5 Wave pattern to the downside in just over a year in which it lost 50% of its value.   This was then followed by a 3 week ... Read more

Enjoy dear readers. Enjoy the market's rally. You, me... all of us who are active in the financial markets have had a umm, difficult last half a year. So enjoy the relief as desperate politicians the world over try to whoop up some hope and hype. When this chart comes into the bear market retrace t ... Read more

Paul Krugman frequently proposes solutions straight out of the "free lunch" handbook. However, in one recent case, Krugman actually managed to put a price tag on the lunch. That price is $200 billion. Please consider Fiscal aspects of quantitative easing (wonkish) . The big policy news [l ... Read more

There are a number of differences between stocks and bonds . In addition to those I discussed earlier, the two also differ in terms of the unpleasant things that can go wrong with them. The deal struck between Citigroup and the Treasury recently provides an opportunity to illustrate a few. ... Read more