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<title>Minyanville - Kevin A. Tuttle RSS</title>
<description>
The Trusted Choice for the Wall Street Voice
</description>
<link>
		http://www.minyanville.com</link>
<copyright>
		2013Minyanville Publishing and Multimedia, LLC. All Rights Reserved
</copyright>
		<item>
<title><![CDATA[Dow Jones Industrials, Russell 2000: Signs of What's to Come?]]></title>
<link>
			http://www.minyanville.com/business-news/markets/articles/Dow-Jones-Industrials-Russell-2000253A-Signs/3/11/2013/id/48632</link>
<pubDate>
			Mon, 11 Mar 2013 09:23:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/business-news/markets/articles/Dow-Jones-Industrials-Russell-2000253A-Signs/3/11/2013/id/48632</guid>
<description>
<![CDATA[All aboard! Ha ha ha ha ha ha haaaa!
-- "Crazy Train," Ozzy Osbourne
 
Whatcha want, alpha or relative alpha?
 
Last week's editorial penned the question, "Should investors take the risk-off trade?" This inquiry was based on the technical convergence of the major long-term (secular) resistance and an intermediate-term channel top.  When adding in the overblown political bantering about the sequestration &ndash; behavioral finance/market psychology &ndash; it seemed appropriate to discuss the potential.   Our firm's stance, which is 90% quantitative fusion analysis, was to not remove the "risk-on" trade until the S&P 500 Index (INDEXSP:.INX) pre-Thanksgiving shorter-term trend (trends within ]]>
</description>
<content:encoded>
	<![CDATA[All aboard! Ha ha ha ha ha ha haaaa!
-- "Crazy Train," Ozzy Osbourne
 
Whatcha want, alpha or relative alpha?
 
Last week's editorial penned the question, "Should investors take the risk-off trade?" This inquiry was based on the technical convergence of the major long-term (secular) resistance and an intermediate-term channel top.  When adding in the overblown political bantering about the sequestration &ndash; behavioral finance/market psychology &ndash; it seemed appropriate to discuss the potential.   Our firm's stance, which is 90% quantitative fusion analysis, was to not remove the "risk-on" trade until the S&P 500 Index (INDEXSP:.INX) pre-Thanksgiving shorter-term trend (trends within ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Is the Risk-On Trade Dead?]]></title>
<link>
			http://www.minyanville.com/business-news/markets/articles/Is-the-Risk-On-Trade-Dead253F/3/4/2013/id/48502</link>
<pubDate>
			Mon, 4 Mar 2013 09:02:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/business-news/markets/articles/Is-the-Risk-On-Trade-Dead253F/3/4/2013/id/48502</guid>
<description>
<![CDATA[There are so many things I need to know, there are so many things I got to know. Tell me, tell me, won't you tell me; and then tell me again.
&ndash; "Crystal Ball," Styx
 
The end to a short month:

	
		European/Italian election disappointment.
	
		Sequestration forefront on investors' minds.
	
		Volatility reappearing its ugly head.
	
		Pushing the top of the fourth secular channel (100-YMT).
	
		And, to tuck it all into bed, a mid-week key outside reversal day for the four sister indices (Dow Jones (INDEXDJX:.DJI), S&P 500 (INDEXSP:.INX), Nasdaq-100 (INDEXNASDAQ:NDX), and Russell 2000 (INDEXRUSSELL:RUT)).

Is the risk-on trade dead? 
 
Since the ]]>
</description>
<content:encoded>
	<![CDATA[There are so many things I need to know, there are so many things I got to know. Tell me, tell me, won't you tell me; and then tell me again.
&ndash; "Crystal Ball," Styx
 
The end to a short month:

	
		European/Italian election disappointment.
	
		Sequestration forefront on investors' minds.
	
		Volatility reappearing its ugly head.
	
		Pushing the top of the fourth secular channel (100-YMT).
	
		And, to tuck it all into bed, a mid-week key outside reversal day for the four sister indices (Dow Jones (INDEXDJX:.DJI), S&P 500 (INDEXSP:.INX), Nasdaq-100 (INDEXNASDAQ:NDX), and Russell 2000 (INDEXRUSSELL:RUT)).

Is the risk-on trade dead? 
 
Since the ]]>
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			</item>
			<item>
<title><![CDATA[Now More Than Ever, Investors Must Understand Trends Within Trends]]></title>
<link>
			http://www.minyanville.com/business-news/markets/articles/100-year-market-theory-Investors-Understand/2/4/2013/id/47849</link>
<pubDate>
			Mon, 4 Feb 2013 09:24:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/business-news/markets/articles/100-year-market-theory-Investors-Understand/2/4/2013/id/47849</guid>
<description>
<![CDATA[Yep, temptations. They&#39;re the wrong things that seem right at the time... but... uh... even though the right things may seem wrong sometimes, or sometimes the wrong things... may be right at the wrong time, or visa versa. Understand?
-- Jiminy Cricket (Pinocchio)

With the market only a few small percentage points from topping the secular channel, my firm has recently received a barrage of calls, questions, and inquiries about what our market stance is, what we are doing to prepare, and best of all, what if our 100-Year Market Theory (100-YMT) is wrong.  To preface the answer let me ]]>
</description>
<content:encoded>
	<![CDATA[Yep, temptations. They&#39;re the wrong things that seem right at the time... but... uh... even though the right things may seem wrong sometimes, or sometimes the wrong things... may be right at the wrong time, or visa versa. Understand?
-- Jiminy Cricket (Pinocchio)

With the market only a few small percentage points from topping the secular channel, my firm has recently received a barrage of calls, questions, and inquiries about what our market stance is, what we are doing to prepare, and best of all, what if our 100-Year Market Theory (100-YMT) is wrong.  To preface the answer let me ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[The Market's 'Four Sister' Indices Show a Changing of the Guard Is Underway]]></title>
<link>
			http://www.minyanville.com/business-news/markets/articles/The-Market2527s-2522Four-Sister2522-Indices-Show/1/28/2013/id/47669</link>
<pubDate>
			Mon, 28 Jan 2013 09:24:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/business-news/markets/articles/The-Market2527s-2522Four-Sister2522-Indices-Show/1/28/2013/id/47669</guid>
<description>
<![CDATA[In completing my firm&#39;s 2012 year-end report, we quoted Bob Dylan's "Blowin' In the Wind" when delivering a missive regarding the underlying market driver.  To keep that impetus, we now quote his "Changing of the Guards":

Gentlemen&hellip; I&#39;ve shined your shoes
I&#39;ve moved your mountains and marked your cards
But Eden is burning, either brace yourself for elimination
Or else your hearts must have the courage for the changing of the guards.

Every investor -- whether a technician, a fundamentalist, or a fusion analyst -- realizes market direction dictates and accounts for 70%+ of an individual portfolio&#39;s performance. The remainder ]]>
</description>
<content:encoded>
	<![CDATA[In completing my firm&#39;s 2012 year-end report, we quoted Bob Dylan's "Blowin' In the Wind" when delivering a missive regarding the underlying market driver.  To keep that impetus, we now quote his "Changing of the Guards":

Gentlemen&hellip; I&#39;ve shined your shoes
I&#39;ve moved your mountains and marked your cards
But Eden is burning, either brace yourself for elimination
Or else your hearts must have the courage for the changing of the guards.

Every investor -- whether a technician, a fundamentalist, or a fusion analyst -- realizes market direction dictates and accounts for 70%+ of an individual portfolio&#39;s performance. The remainder ]]>
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			</item>
			<item>
<title><![CDATA[The New Year Brings Strength to Markets, but Is It Real and Can It Last?]]></title>
<link>
			http://www.minyanville.com/business-news/markets/articles/255EGSPC-255Egspc-xlf-xlk-xop-xlv/1/14/2013/id/47356</link>
<pubDate>
			Mon, 14 Jan 2013 09:20:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/business-news/markets/articles/255EGSPC-255Egspc-xlf-xlk-xop-xlv/1/14/2013/id/47356</guid>
<description>
<![CDATA[A point of view can be a dangerous luxury when substituted for insight and understanding.
&ndash; Marshall McLuhan

Not more than five months ago, September 6, 2012 to be precise, the S&P 500 Index (INDEXSP:.INX) broke above the 1,425 resistance which has been in place since May of 2008.  This level equated to the 'last' resistance prior to the all-time highs of ~1,550 set nearly 13 years ago (March 2000) &ndash; the beginning of my firm TAM's 100 Year Market Theory fourth secular channel.  As the majority of sophisticated investors are aware, this high was solidified and confirmed nearly five ]]>
</description>
<content:encoded>
	<![CDATA[A point of view can be a dangerous luxury when substituted for insight and understanding.
&ndash; Marshall McLuhan

Not more than five months ago, September 6, 2012 to be precise, the S&P 500 Index (INDEXSP:.INX) broke above the 1,425 resistance which has been in place since May of 2008.  This level equated to the 'last' resistance prior to the all-time highs of ~1,550 set nearly 13 years ago (March 2000) &ndash; the beginning of my firm TAM's 100 Year Market Theory fourth secular channel.  As the majority of sophisticated investors are aware, this high was solidified and confirmed nearly five ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[To Outperform the General Market, Keep Your Eye on Small Caps]]></title>
<link>
			http://www.minyanville.com/business-news/markets/articles/To-Outperform-the-General-Market-Keep/1/7/2013/id/47181</link>
<pubDate>
			Mon, 7 Jan 2013 09:00:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/business-news/markets/articles/To-Outperform-the-General-Market-Keep/1/7/2013/id/47181</guid>
<description>
<![CDATA[The white-tailed hornet lives in a balloon
That floats against the ceiling of the woodshed.
&ndash; Robert Frost

"Up, Up and Away," recorded by hundreds since its 1967 debut, seems to be the welcoming ballad for the 2013 US equity markets. The first week's action brought the S&P 500 (INDEXSP:.INX) and the Russell 2000 (INDEXRUSSELL:RUT) to the highest closing levels in five years.  As a matter of fact, the Russell 2000 exploded into an all-time high as it surpassed its 2011 and 2007 highs. Is it time for the small-caps to shine?



Over the last week there has been a ]]>
</description>
<content:encoded>
	<![CDATA[The white-tailed hornet lives in a balloon
That floats against the ceiling of the woodshed.
&ndash; Robert Frost

"Up, Up and Away," recorded by hundreds since its 1967 debut, seems to be the welcoming ballad for the 2013 US equity markets. The first week's action brought the S&P 500 (INDEXSP:.INX) and the Russell 2000 (INDEXRUSSELL:RUT) to the highest closing levels in five years.  As a matter of fact, the Russell 2000 exploded into an all-time high as it surpassed its 2011 and 2007 highs. Is it time for the small-caps to shine?



Over the last week there has been a ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Will NDX Confirm a Complete Shift of Market Stance as We Enter 2013?]]></title>
<link>
			http://www.minyanville.com/business-news/markets/articles/aapl-fiscal-cliff-kevin-tuttle-presidential/12/17/2012/id/46722</link>
<pubDate>
			Mon, 17 Dec 2012 08:54:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/business-news/markets/articles/aapl-fiscal-cliff-kevin-tuttle-presidential/12/17/2012/id/46722</guid>
<description>
<![CDATA[It&#39;s evident in the technical action that since the election the markets have not been pleased with the presidential appointment or the aftermath.  As hard as our firm attempts to not illustrate political views, it has become difficult, considering how disheartening it is to watch our appointed officials attempt to manipulate the press.  I'm not sure what's worse, watching the pre-election negative ads, or watching the daily posturing on the most important economic subject this country has seen in decades.  During last week's Minyanville Festivus event in NYC -- where it was a great pleasure to converse with our readers ]]>
</description>
<content:encoded>
	<![CDATA[It&#39;s evident in the technical action that since the election the markets have not been pleased with the presidential appointment or the aftermath.  As hard as our firm attempts to not illustrate political views, it has become difficult, considering how disheartening it is to watch our appointed officials attempt to manipulate the press.  I'm not sure what's worse, watching the pre-election negative ads, or watching the daily posturing on the most important economic subject this country has seen in decades.  During last week's Minyanville Festivus event in NYC -- where it was a great pleasure to converse with our readers ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[This Week Will Test the Resolve of S&P 500's Latest Move]]></title>
<link>
			http://www.minyanville.com/business-news/markets/articles/255EGSPC-spx-tuttle-markets-technical-analysis/11/26/2012/id/46071</link>
<pubDate>
			Mon, 26 Nov 2012 09:40:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/business-news/markets/articles/255EGSPC-spx-tuttle-markets-technical-analysis/11/26/2012/id/46071</guid>
<description>
<![CDATA[Ninety percent of the game is half mental.
&ndash; Yogi Berra
 
Now that the first food hangover has past and the annual face-stuffing, weight-gaining, season of overindulgence is upon us, investors are waiting to see if Santa is around the corner looking to bring tidings and good cheer.  But as we know, it's up to the House of Representatives and Senate to find, agree, and pass a fiscal cliff resolve before the reindeer can even be harnessed.  

Oxymoron: a combination of contradictory or incongruous words.

As we've been hearing since the election there might be a 'definite possibility of a ]]>
</description>
<content:encoded>
	<![CDATA[Ninety percent of the game is half mental.
&ndash; Yogi Berra
 
Now that the first food hangover has past and the annual face-stuffing, weight-gaining, season of overindulgence is upon us, investors are waiting to see if Santa is around the corner looking to bring tidings and good cheer.  But as we know, it's up to the House of Representatives and Senate to find, agree, and pass a fiscal cliff resolve before the reindeer can even be harnessed.  

Oxymoron: a combination of contradictory or incongruous words.

As we've been hearing since the election there might be a 'definite possibility of a ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Recent Technical Action Offers No Good News for Market Participants]]></title>
<link>
			http://www.minyanville.com/business-news/markets/articles/Recent-Technical-Action-Offers-No-Good/11/12/2012/id/45747</link>
<pubDate>
			Mon, 12 Nov 2012 11:08:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/business-news/markets/articles/Recent-Technical-Action-Offers-No-Good/11/12/2012/id/45747</guid>
<description>
<![CDATA[Veterans&#39; Day: An occasion to celebrate our troops and all they have done in providing the continued ability to live in this great country &ndash; "The Land of the Free." We thank you. 

Every year around this time, as Halloween passes, daylight savings ensues, Veterans&#39; Day arrives, and Christmas commercials begin to appear on TV, the thought of the year's happenings can't help but fill our minds.  Has it been productive? Have we done all we could do and been all we could be? For me personally, it also poses the question, where has the year gone?  Isn't it a ]]>
</description>
<content:encoded>
	<![CDATA[Veterans&#39; Day: An occasion to celebrate our troops and all they have done in providing the continued ability to live in this great country &ndash; "The Land of the Free." We thank you. 

Every year around this time, as Halloween passes, daylight savings ensues, Veterans&#39; Day arrives, and Christmas commercials begin to appear on TV, the thought of the year's happenings can't help but fill our minds.  Has it been productive? Have we done all we could do and been all we could be? For me personally, it also poses the question, where has the year gone?  Isn't it a ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Where Will Markets -- NDX and SPX -- End on December 31, 2012?]]></title>
<link>
			http://www.minyanville.com/business-news/markets/articles/255EIXIC-255EGSPC-nasdaq-100-s2526p500-technical/10/8/2012/id/44759</link>
<pubDate>
			Mon, 8 Oct 2012 09:40:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/business-news/markets/articles/255EIXIC-255EGSPC-nasdaq-100-s2526p500-technical/10/8/2012/id/44759</guid>
<description>
<![CDATA[It seems we're always in transition and that it's more about trends that about what's meaningful.
&ndash; Anonymous 
 
For the majority of last week, while reading, viewing, and listening to various market commentaries, a forgotten annual occurrence came flooding back to memory.  You'd think after nearly 25 years in the business it'd be something at the forefront of my mind this time of year. Nevertheless, the same question seems to fester in the minds of investors as we enter the fourth quarter: Where are the markets going to end on December 31?  This -- considering the election, economics on the ]]>
</description>
<content:encoded>
	<![CDATA[It seems we're always in transition and that it's more about trends that about what's meaningful.
&ndash; Anonymous 
 
For the majority of last week, while reading, viewing, and listening to various market commentaries, a forgotten annual occurrence came flooding back to memory.  You'd think after nearly 25 years in the business it'd be something at the forefront of my mind this time of year. Nevertheless, the same question seems to fester in the minds of investors as we enter the fourth quarter: Where are the markets going to end on December 31?  This -- considering the election, economics on the ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[On Day One of Q4 2012, Consider the 'Disney Theme Park Concept of Investing']]></title>
<link>
			http://www.minyanville.com/trading-and-investing/personal-finance/articles/qe3-fed-equity-markets-bailout-eurozone/10/1/2012/id/44531</link>
<pubDate>
			Mon, 1 Oct 2012 09:55:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/trading-and-investing/personal-finance/articles/qe3-fed-equity-markets-bailout-eurozone/10/1/2012/id/44531</guid>
<description>
<![CDATA[The quality of our expectations is directly proportional to the quality of our actions.
&ndash; Andre Godin
 
Our firm's editorial last week discussed evaluating secondary indices in order to help ascertain whether the market is going to confirm its newfound bull trend, or if it's simply a false-positive. As such, we outlined the PHLX Semiconductor Index (INDEXNASDAQ:SOX), the Dow Jones Transportation Average (INDEXDJX:DJT), the PHLX Bank Index (INDEXDJX:BKX) and the PHLX Housing Index (INDEXNASDAQ:HGX); two not so good, one good, and the other&hellip; well let's just say, a little high, considering. We proclaimed that a pullback to 1,420 or 1,400 ]]>
</description>
<content:encoded>
	<![CDATA[The quality of our expectations is directly proportional to the quality of our actions.
&ndash; Andre Godin
 
Our firm's editorial last week discussed evaluating secondary indices in order to help ascertain whether the market is going to confirm its newfound bull trend, or if it's simply a false-positive. As such, we outlined the PHLX Semiconductor Index (INDEXNASDAQ:SOX), the Dow Jones Transportation Average (INDEXDJX:DJT), the PHLX Bank Index (INDEXDJX:BKX) and the PHLX Housing Index (INDEXNASDAQ:HGX); two not so good, one good, and the other&hellip; well let's just say, a little high, considering. We proclaimed that a pullback to 1,420 or 1,400 ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Investors: Forget the Market Theories; Watch These Two Sectors to Determine Broader Strength]]></title>
<link>
			http://www.minyanville.com/sectors/technology/articles/S2526P-market-theory-255Egspc-255Edjt-255EBKX/9/24/2012/id/44302</link>
<pubDate>
			Mon, 24 Sep 2012 09:50:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/sectors/technology/articles/S2526P-market-theory-255Egspc-255Edjt-255EBKX/9/24/2012/id/44302</guid>
<description>
<![CDATA["87% of all statistics are made up on the spot." 
&ndash; Anonymous 
 


Here we are, the last week of the third quarter with most asking where this year has gone. Time, a precious commodity with finite resource; imagine if this traded on the futures (no pun intended) exchange?  When I was younger I can remember always being told, "Wait till you get older Kevin, time goes by faster the older you get."  Of course I never believed it until now as I find myself saying the same thing to my 13-year-old son.  Nevertheless, this week should be rather exciting given ]]>
</description>
<content:encoded>
	<![CDATA["87% of all statistics are made up on the spot." 
&ndash; Anonymous 
 


Here we are, the last week of the third quarter with most asking where this year has gone. Time, a precious commodity with finite resource; imagine if this traded on the futures (no pun intended) exchange?  When I was younger I can remember always being told, "Wait till you get older Kevin, time goes by faster the older you get."  Of course I never believed it until now as I find myself saying the same thing to my 13-year-old son.  Nevertheless, this week should be rather exciting given ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Markets Have Regained Strength on Fed Decision, but Is the Breakout Confirmed?]]></title>
<link>
			http://www.minyanville.com/business-news/markets/articles/SPY-equity-markets-global-equity-markets/9/17/2012/id/44042</link>
<pubDate>
			Mon, 17 Sep 2012 09:05:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/business-news/markets/articles/SPY-equity-markets-global-equity-markets/9/17/2012/id/44042</guid>
<description>
<![CDATA[The capitalistic system is the oldest system in the world, and any system that has weathered the gales and chances of thousands of years must have something in it that is sound and true.  We believe in the right of man to himself, to his own property, to his own destiny, and we believe the government exists as the umpire in the game, not to come down and take the bat, but to see that the other fellows play the game according to the principles of fairness and justice.
-- Nicholas Longworth

Over the last week the global equity markets ]]>
</description>
<content:encoded>
	<![CDATA[The capitalistic system is the oldest system in the world, and any system that has weathered the gales and chances of thousands of years must have something in it that is sound and true.  We believe in the right of man to himself, to his own property, to his own destiny, and we believe the government exists as the umpire in the game, not to come down and take the bat, but to see that the other fellows play the game according to the principles of fairness and justice.
-- Nicholas Longworth

Over the last week the global equity markets ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Cyclical Exposure Risk Has Diminished, but There's a Longer Term Technical Caveat]]></title>
<link>
			http://www.minyanville.com/business-news/markets/articles/tuttle-kevin-tuttle-255Egspc-spy-market/9/10/2012/id/43838</link>
<pubDate>
			Mon, 10 Sep 2012 08:50:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/business-news/markets/articles/tuttle-kevin-tuttle-255Egspc-spy-market/9/10/2012/id/43838</guid>
<description>
<![CDATA[News:  Is it good, bad, or simply news? 
 
An old farmer worked his crops with a horse for many years until one day it ran away.  Neighbors came and sympathetically spoke, "Such bad luck."  "Maybe," replied the farmer.  The next morning the horse returned with three other horses.  "How wonderful," the neighbors exclaimed.  "Maybe," replied the old man.  The following day his son attempted to ride one of the new horses, was thrown, and broke his leg.  Neighbors again came to offer sympathy.  "Maybe," answered the farmer.  The day after, military officials came to draft the young man, and upon ]]>
</description>
<content:encoded>
	<![CDATA[News:  Is it good, bad, or simply news? 
 
An old farmer worked his crops with a horse for many years until one day it ran away.  Neighbors came and sympathetically spoke, "Such bad luck."  "Maybe," replied the farmer.  The next morning the horse returned with three other horses.  "How wonderful," the neighbors exclaimed.  "Maybe," replied the old man.  The following day his son attempted to ride one of the new horses, was thrown, and broke his leg.  Neighbors again came to offer sympathy.  "Maybe," answered the farmer.  The day after, military officials came to draft the young man, and upon ]]>
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			<item>
<title><![CDATA[S&P 500 Breaches Key Level, but Will It Break Above It?]]></title>
<link>
			http://www.minyanville.com/business-news/markets/articles/255Egspc-spy-kevin-tuttle-technical-analysis/8/27/2012/id/43511</link>
<pubDate>
			Mon, 27 Aug 2012 09:40:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/business-news/markets/articles/255Egspc-spy-kevin-tuttle-technical-analysis/8/27/2012/id/43511</guid>
<description>
<![CDATA[A man may imagine things that are false, but he can only understand things that are true, for if the things be false, the apprehension of them is not understanding.
 &ndash; Sir Isaac Newton
 
Today's quote resonates on many levels. I felt it apropos as a lead, sitting battened down inside this weekend anticipating Hurricane Isaac. First and foremost the 'lock-down' provided great time of reflection as the news of Neil Armstrong crossed the wires.  Armstrong, "The Rocket Man", passed this weekend at the age of 82. Being the first man to set foot on the moon he was most ]]>
</description>
<content:encoded>
	<![CDATA[A man may imagine things that are false, but he can only understand things that are true, for if the things be false, the apprehension of them is not understanding.
 &ndash; Sir Isaac Newton
 
Today's quote resonates on many levels. I felt it apropos as a lead, sitting battened down inside this weekend anticipating Hurricane Isaac. First and foremost the 'lock-down' provided great time of reflection as the news of Neil Armstrong crossed the wires.  Armstrong, "The Rocket Man", passed this weekend at the age of 82. Being the first man to set foot on the moon he was most ]]>
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<title><![CDATA[Why It's Nearly Certain That Market Volatility Will Continue]]></title>
<link>
			http://www.minyanville.com/business-news/markets/articles/equity-markets-spx-255Egspc-s2526p500-index/8/20/2012/id/43321</link>
<pubDate>
			Mon, 20 Aug 2012 09:40:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/business-news/markets/articles/equity-markets-spx-255Egspc-s2526p500-index/8/20/2012/id/43321</guid>
<description>
<![CDATA[All great changes are irksome to the human mind, especially those which are attended with great danger and uncertain effects.
&ndash; John Quincy Adams

Just over a year ago my firm penned a piece stating that the US equity markets began, what seemed to be at the time, the beginning of the third cyclical (1- to 4-year) bear market since the secular channel began in 2000.  Uncannily, this was not the case.  It was merely a short-term, 20%, massive volume drawdown; but not a bear market. Cynicism aside, this event was truly something of an anomaly.  To say such a ]]>
</description>
<content:encoded>
	<![CDATA[All great changes are irksome to the human mind, especially those which are attended with great danger and uncertain effects.
&ndash; John Quincy Adams

Just over a year ago my firm penned a piece stating that the US equity markets began, what seemed to be at the time, the beginning of the third cyclical (1- to 4-year) bear market since the secular channel began in 2000.  Uncannily, this was not the case.  It was merely a short-term, 20%, massive volume drawdown; but not a bear market. Cynicism aside, this event was truly something of an anomaly.  To say such a ]]>
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<title><![CDATA[Reflecting on the Closing Ceremony: What Investors Can Learn From Olympians]]></title>
<link>
			http://www.minyanville.com/business-news/editors-pick/articles/the-olympics-olympic-closing-ceremony-how/8/13/2012/id/43139</link>
<pubDate>
			Mon, 13 Aug 2012 09:45:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/business-news/editors-pick/articles/the-olympics-olympic-closing-ceremony-how/8/13/2012/id/43139</guid>
<description>
<![CDATA[Supremacy is not about the state of perfection since that is unattainable. It&#39;s about the continual strive for perfection in which a person will find his or her excellence.

To follow the spectacle China staged at the completion of the 2008 Beijing Games would be a task not many would attempt -- except for Kim Gavin. Gavin, the director of last night&#39;s "party," is considered one of the most prominent "large scale" creative directors and choreographers in the UK. With over 10,000 Olympians represented, he used almost half of that number with the performers staffed (4,000) to celebrate the global ]]>
</description>
<content:encoded>
	<![CDATA[Supremacy is not about the state of perfection since that is unattainable. It&#39;s about the continual strive for perfection in which a person will find his or her excellence.

To follow the spectacle China staged at the completion of the 2008 Beijing Games would be a task not many would attempt -- except for Kim Gavin. Gavin, the director of last night&#39;s "party," is considered one of the most prominent "large scale" creative directors and choreographers in the UK. With over 10,000 Olympians represented, he used almost half of that number with the performers staffed (4,000) to celebrate the global ]]>
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<title><![CDATA[Can More Fed Twisting Actually Help?]]></title>
<link>
			http://www.minyanville.com/business-news/the-economy/articles/operation-twist-fed-fed-policy-twist/7/30/2012/id/42811</link>
<pubDate>
			Mon, 30 Jul 2012 09:25:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/business-news/the-economy/articles/operation-twist-fed-fed-policy-twist/7/30/2012/id/42811</guid>
<description>
<![CDATA[Fundamental honesty is the keystone of business decisions.
--Harvey S. Firestone
 
US Economics and the Stock Market
 
Is there correlation, non-correlation, or is it simply emotion driving the tape?  Considering the economic news released last week the US, equity markets played quite the tune, akin to a punk rock band: No rhyme or reason in its beat.  Of the five trading days the Dow Jones Industrial Average's (^DJI) range (top to bottom) was nearly 200 points in four of the five days.  The last two had the strongest three-day rally of the year and was the first time there has ]]>
</description>
<content:encoded>
	<![CDATA[Fundamental honesty is the keystone of business decisions.
--Harvey S. Firestone
 
US Economics and the Stock Market
 
Is there correlation, non-correlation, or is it simply emotion driving the tape?  Considering the economic news released last week the US, equity markets played quite the tune, akin to a punk rock band: No rhyme or reason in its beat.  Of the five trading days the Dow Jones Industrial Average's (^DJI) range (top to bottom) was nearly 200 points in four of the five days.  The last two had the strongest three-day rally of the year and was the first time there has ]]>
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<title><![CDATA[Until S&P 500 Bear Flag Is Resolved, Remain Neutral]]></title>
<link>
			http://www.minyanville.com/business-news/markets/articles/255Egspc-spy-s2526p500-market-news-market/7/23/2012/id/42649</link>
<pubDate>
			Mon, 23 Jul 2012 09:10:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/business-news/markets/articles/255Egspc-spy-s2526p500-market-news-market/7/23/2012/id/42649</guid>
<description>
<![CDATA[To study the abnormal is the best way of understanding the normal.
-- William James

After the EU's decision to assist Spain and Italy in late June, it almost seemed, for a bit, that normalcy was returning to the markets.  Like ants at a picnic, this soon became infested with the proliferation of Libor manipulation.  Coincidentally, Spain and Italy seem to be the next culprits as arrest potential rises over the horizon. With continued news over scandals, the PIIGS interest rates again rise above the previously forecasted "unsustainable" levels.  This, for all intents and purposes, drove the US market selloff ]]>
</description>
<content:encoded>
	<![CDATA[To study the abnormal is the best way of understanding the normal.
-- William James

After the EU's decision to assist Spain and Italy in late June, it almost seemed, for a bit, that normalcy was returning to the markets.  Like ants at a picnic, this soon became infested with the proliferation of Libor manipulation.  Coincidentally, Spain and Italy seem to be the next culprits as arrest potential rises over the horizon. With continued news over scandals, the PIIGS interest rates again rise above the previously forecasted "unsustainable" levels.  This, for all intents and purposes, drove the US market selloff ]]>
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<title><![CDATA[S&P 500 Index: Summer Is a Time for Patience and Endurance]]></title>
<link>
			http://www.minyanville.com/business-news/markets/articles/S2526P-500-Index-255EGSPC-INDU-SPY/7/16/2012/id/42452</link>
<pubDate>
			Mon, 16 Jul 2012 12:30:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/business-news/markets/articles/S2526P-500-Index-255EGSPC-INDU-SPY/7/16/2012/id/42452</guid>
<description>
<![CDATA[Come what may, all bad fortune is to be conquered by endurance.
-- Virgil

Summertime -- July 4th to Labor Day -- is typically the most bizarre time of the year for the markets; low volume, uncanny swings, no apparent underlying rhyme or reason to its action.  This year is no different, if not even worse considering the political mayhem, China slowdown concerns and the remnants of EU issues.  Actually, since the July 29 EU recapitalization announcement the majority of news coming from the European PIIGS nations has become more of a non-catalyst pushing the tape.  Regardless of reasons, during ]]>
</description>
<content:encoded>
	<![CDATA[Come what may, all bad fortune is to be conquered by endurance.
-- Virgil

Summertime -- July 4th to Labor Day -- is typically the most bizarre time of the year for the markets; low volume, uncanny swings, no apparent underlying rhyme or reason to its action.  This year is no different, if not even worse considering the political mayhem, China slowdown concerns and the remnants of EU issues.  Actually, since the July 29 EU recapitalization announcement the majority of news coming from the European PIIGS nations has become more of a non-catalyst pushing the tape.  Regardless of reasons, during ]]>
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