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Tag Archives: bear funds

March 24, 2006

Tenacious! We’ve seldom seen a stock market that could hold on like this, for as long as it has, without a meaningful pullback. Looking out to the second half of this year, and into 2007 and 2008, we’d have to say that the market’s tenacity is a very bullish omen.

March 10, 2006

Coming soon, a great buying opportunity. Stock prices backed off modestly this week, despite today’s rally, with the blue chip S&P 500 actually closing a fraction of a percent lower than it did nine Fridays ago, in early January. Such a narrow range for the market, over such an extended period, is very rare.

March 3, 2006

Worn out! Stock prices idled in neutral again this week, with the blue chip S&P 500 unable, once again, to break above its January 11 high on a closing basis. From where we sit, it looks as if the buyers are now almost totally worn out.

With a Whoosh

Thar she blows! We’ve been waiting ohhh-so-patiently for the stock market to complete a top (and head down to more attractive levels for buying). Well, today’s action leaves little doubt that the top is finally in.

Ammo in the Arsenal

Please, pretty please, Mr. Market. Can we just have one more bounce this week? Stocks are forming a nifty top, and I sure would like to put on a few more shorts.

Tune Out the Noise

You’re going to hear a lot of static over the next few days. Be prepared to turn down the volume! Today’s 136-point jump in the Dow has already got Wall Street’s cheerleaders shouting, and you can expect them to scream even louder if (as seems likely) the stock market climbs further by the end of the week.

Tremors from Below

Can you feel the shakes? I sure can. Today’s action had all the telltale signs of a stock market in its last phase before a significant stumble.

The Rally Goes “Phhhht”

Gotta love Wall Street. Why, it was only four weeks ago that commentators were toasting the explosive New Year’s rally — and telling us to load up on last year’s winners (the red-hot commodity stocks, for example).

The Rally Goes "Phhhht"

Gotta love Wall Street. Why, it was only four weeks ago that commentators were toasting the explosive New Year’s rally — and telling us to load up on last year’s winners (the red-hot commodity stocks, for example).

What Does Gold See?

Several readers have been kind enough to point out that I missed the boat with my call for a top in gold at the end of November. (Bullion prices have continued to shoot up, closing today at $566 an ounce, another 25-year peak.) Whenever a market seems to defy normal patterns, it’s worth asking why.