Please join me to consider a time in the stock market that lasted just under three years: 32 months, to be precise. During this period a series of powerful rallies stand out clearly on a price chart. The shortest of these rallies was four weeks, the longest more than five months. I can even list seven of these rally episodes, with the number of...

A weekend “get together” of European financial big shots resulted in an emergency $1-trillion rescue package to address the continent’s debt problems. The European Central Bank also announced a planned purchase of euro-zone government bonds. The markets responded with vigorous volatility. The euro first gained against the U.S....

As happens more times than not when Cramer discusses a mid-cap stock, CRUS bounced more than 11% on Tuesday morning. Cramer did say that he believes this stock will eventually get to $20 per share, but that “home-gamers” should only buy it under $13 today. After all, if you enter a market order and get it over $13 you are missing the best reason...

Tim Iacono Of course, the price of gold has been making new all-time highs in other currencies for months now, but, today it was the yellow metal’s turn against the U.S. dollar and this afternoon’s close at $1,232.50 an ounce eclipsed last December’s record of $1,227.50 an ounce for the near-month futures contract. Safe haven buying in...

Brandon Rowley of T3Live Goldman Sachs’ first quarter earnings for 2010 feature some absolutely out-of-this-world results. The company did not have a single losing day in their trading division in Q1 2010. Out of the company’s $12.775 billion in revenues for the quarter $10.25 billion came from trading and principal investments (80%...

Zero Hedge This market is a joke: 3 days after the powers that be ended up causing the biggest market crash in history, they have now pushed the autopilot button, which basically means nobody among the 5 entities that still trade, is allowed to sell. And the algos chase every offer into the stratosphere. This will continue until the next time the banks...

The Mess That Greenspan Made Dr. Marc Faber of the Gloom, Boom & Doom report talks with Bloomberg’s Pimm Fox on a range of timely topics including the global economy, stocks, commodities, and the European bailout which he see’s as a move to save the banks, not Greece. Click to play in a new window As for his investment stance, it’s...

The Market Ticker No, no, not the ECB’s. The “currency speculators” – cough – BANKS that were shorting the hell out of the Euro. Let’s see if I can figure out what’s happened here. Banks shorted the Euro, (correctly) surmising that Greece, Portugal, Spain and others can’t possibly cover their debts. The...

(MarketWatch) — A controversial measure requiring the government to conduct an unprecedented one-time audit of the Federal Reserve’s economic crisis response programs was approved with overwhelming bipartisan support Tuesday by the Senate as part of sweeping bank reform legislation. The amendment also calls for releasing the names of...

Courtesy of The Pragmatic Capitalist I still believe most market participants are underestimating the gravity of the issue here.  While this is being largely played off as a SOLVENCY crisis I believe it is not.  This is and remains a CURRENCY crisis.  The Euro is unworkable in its current format.  The imbalances that have been caused by the...

HCPG It’s going to take a few days but we should get some kind of set-ups soon as we base under the 50SMA on the SPY — we’ll either get longs over mini-bases at that range or shorts against resistance, too early to tell.    Until then there simply is nothing to do for our type of trading.   Frustrating?  Of course. Especially...

Housing continues to be a serious problem for the U.S. economy with a tremendous amount of unsold overhang remaining in the system. This means that more than 7 million homes remain weighing down the market, due to bank’s having repossessed them or the loans being in delinquency. It’s interesting to note, per this chart from Whitney Tilson’s...

The Market Ticker (EU) ECB’s Weber: Bond buys will be narrowly focused, Government bond purchases have considerable risks to ECB’s stability policy; will not undermine current monetary policy No kidding. Did you figure this out before or after Bernanke bought $1 trillion+ of MBS and debt from Fannie and Freddie? Now he’s stuck...

As we all know, last weeks stock market blip/mini crash was very emotional for those of you watching or trading it live. A lot of money changed hands last week and you either lost a bundle or made a bundle… I did send out some charts and a video on Thursday night about the market crash/recovery if you have not seen it. It’s called “Stock Market...

David Banister of Active Trading Partners We were in front of this latest downdraft and also correct in my bullish projections for Gold at the same time.  Gold has hit 1210, the SPY has hit sub 113, which was the initial area for a minimum bottom.  We have to put aside some of the computer related problems and look at around 110-111 as the recent...