
NEWSLETTERS
10/2/2009 - Predicted Short-term Price Damage Nearing Completion, Bottoming Process to Begin
- Article
- October 2, 2009
Global Equity Markets
Last week I pointed out that both sentiment and market breadth heralded the continuation of the decline that began late last month. Yesterday's dramatic drop is precisely the type of bull market correction I described. It ...
9/26/2009 Elevated Sentiment Measures Suggest Short-term Decline May Continue
- Article
- September 27, 2009
Global Equity Markets
Several short-term measures of investor sentiment have reached extreme levels suggesting that the correction that began this week could continue. Similarly, short-term measures of market breadth illustrate a condition where ...
9/11/2009 - All Indications Point to Market Advance Continuing
- Article
- September 12, 2009
Global Equity Markets
When I last wrote in mid-July I indicated that the market consolidation was complete and that the advance would resume. This view was based primarily upon my assessment that investor sentiment had become too pessimistic. ...
7/13/2009 - Two Month Consolidation Complete; Rally to Resume
- Article
- July 13, 2009
Global Equity Markets
The most fascinating aspect of the equity markets over the past two months is that a very modest consolidation has led to near outright fear on the part of investors. Discussions of "green shoots" have quickly turned to "...
5/29/2009 "Wall of Worry" Sentiment Indicates Rally Will Extend
- Article
- May 29, 2009
Global Equity Markets
In the last newsletter, I indicated that we need to be mindful of a shift to excessive bullishness as that would be a warning. However, this week's sentiment data, as well as that of the entire rally, continues t...
5/8/2009 Skeptical Sentiment Suggests Rally Can Continue
- Article
- May 8, 2009
Global Equity Markets
Had I desisted from writing following my March 5th "ALERT" of an imminent bottom I'd have bragging rights to both avoiding the 2008-09 bear market and picking an important market bottom. However, that wasn't to be......
3/19/2009 Market Top Likely as Rally Turns Bears into SHORT–Kabobs
- Article
- March 19, 2009
Complacency is your worst enemy. It's a curious phenomena in speaking with many investors that have endured such huge losses (NOT under my watch however) who now assume "things can't get any worse" and with the recent rally that "we've hit bo...
3/13/2009 Equites: Possible Backing and Filling of Market Bottom
- Article
- March 13, 2009
Global Equity Markets
Last week I issued our first market "ALERT" in nearly a year suggesting a market bottom was imminent. That advice again proved timely as equities markets bottomed out within just 1-2 days of the "ALERT" and at the same p...
3/5/2009 ALERT: New Bull Market or Bear Market Rally Imminent !!!
- Article
- March 5, 2009
Global Equity Markets
Our last market "alert" was the "WARNING" message of May 8, 2008. This warning was only 10% from the market high and was followed by a nearly 50% decline (basis S&P 500). Since then, I have successfully maintained ...
2/20/2009 Equities: Retest November Lows As Predicted...Will They Hold?
- Article
- February 20, 2009
Global Equity Markets
In our last two issues of December 31st and January 30th, I indicated that 2009 may have a rough start because bullish sentiment had climbed to levels that, on some indicators, were the highest of the entire bear market. ...