Tuesday’s Big upside move was a Sucker Rally

On Tuesday October 16th the S&P 500 rallied by 59 points and increased by 2.15% on the news that Goldman Sachs and Morgan Stanley beat their third quarter earnings estimates.   However, the advance was most likely a sucker rally. Tuesday’s volume of 2.12 billion...

Day of Reckoning Approaching for Market

A day of reckoning is approaching for the US stock market.  The market’s math simply does not add up. The math not adding up was why I recommended to all the readers of my September 2007, Equities Magazine column to get out of the five largest brokers including...

Day of Reckoning Approaching for Market

A day of reckoning is approaching for the US stock market. The market’s math simply does not add up. The math not adding up was why I recommended to all the readers of my September 2007, Equities Magazine column to get out of the five largest brokers including Lehman,...