Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Getting "hair"y


The one aspect of this market that I find the most interesting is the number of folks who are looking for what could go wrong vs. what could go right. I clearly understand that given the amount of gain from the low, but when you put it in context of the recent breakout of the well defined trading range in the Dow Jones Industrials (DJIA) and S&P 500 (SPX), the gains don't seem so dramatic - especially when looking at the longer-term charts.

In my view, the market remains in a transition phase and the action today again reinforces that during the transition from perception to reality, there is a great deal of choppiness. Over the past three years, the second half recovery was the dream that became a nightmare. As Brian and I have tried to convey, there are some fundamental and technical differences that suggest the dream may become reality. Maybe, just maybe, it could be time to look for what could go right.

As you know, I expect a lot of volatility for the next couple months during this transition phase where on any given day it feels like the tape is going to break out or breakdown and at the end of the week or month very little progress is made in either direction. What reinforces this sector corrects while another moves.
< Previous
  • 1
Next >
Kevin - as you will is overrated...just ask Daisy
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Featured Videos