Above the 40 (December 15, 2017) – The Pause That Refreshed the Stock Market

AT40 = 59.4% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 59.9% of stocks are trading above their respective 200DMAs VIX = 9.4 Short-term Trading Call: cautiously bullish Commentary The market fatigue I pointed out last week lasted just one more day. In the spirit of this relentless bull market, … Read more

Global Markets Synchronize Into A State of Calm That Does NOT Equate to Safety

(This is an excerpt from an article I originally published on Seeking Alpha on February 19, 2012. Click here to read the entire piece.) {snip} Nassim Taleb has been on a tour promoting his new book “Antifragile: Things That Gain from Disorder.” He provides related links and interviews on his Antifragile web site where he … Read more

Nassim Taleb Likes Euros And You Should Too

(This is an excerpt from an article I originally published on Seeking Alpha on March 19, 2012. Click here to read the entire piece.) In November, 2010, Nassim Taleb (Mr. Black Swan) broke a long-standing media blackout to talk on CNBC about his distress over quantitative easing Part two (QE2). At the time, Taleb concluded … Read more

What A Day for a Fed Meeting (including S&P 500, USD/JPY chart reviews)

The Federal Reserve meets and decides monetary policy on Tuesday right in the middle of the most tumultuous time for global financial markets perhaps since the March, 2009 lows. As the Bank of Japan (BoJ) is furiously printing money to buttress its financial system and promote calm, I fully expect the Fed to issue a … Read more

Nassim Taleb Is So Distressed By QE2 That He Ends His Media Blackout

Nassim Taleb, famous author of “Fooled by Randomness” and “The Black Swan”, was so distressed by the Federal Reserve’s roll-out of quantitative easing part 2 that he ended his media black-out and interviewed with Erik Schatzker on Bloomberg Television a few days ago. Anyone familiar with Taleb will not find any new themes or critiques … Read more