Weak economic fundamentals say the market should start heading down. But what do the charts say?

When the S&P 500 topped in early 2009, it quickly broke through its 20-day moving average on its way down to lows realized in March. The current rally is showing more strength. It hit an intra-day high of 930.2 on May 8 and then proceeded down. But it subsequently found support on its 20-day moving average (the blue line).
Read the full story

My son’s best friend, Brian, wants to buy a house. Brian is a cop, as is my son Nick. Cops don’t make much money. And these days they make less. Overtime has been forbidden for Nick and Brian. Even with a promotion, Nick will make much less money this year than last. Read the full story

We’ve come a long way down from the boozy heights of economic prosperity. But according to economist David Rosenberg, we still have a long way to go. Read the full story

Recently if you turned on CNBC or picked up a newspaper you heard things like “the recession is over” or “the bottom is in for stocks”.  Investor psychology is certainly an important factor in the markets price action, but is this rally for real? Read the full story

I’m not so sure that we have seen the worst of this bear market. We could be in for another stock market crash in the near future. In this article, I will explain why the global economic crisis and the stock markets could get much worse before they get better. Then, I will tell you how to protect your wealth and profit in the current market environment.

Stocks seem really cheap right now, but they could be even cheaper soon. I suggest you wait for a big washout to jump back in. It will seem like the market can’t get any worse and that’s the time to buy. Read the full story

The revelation of the week in the mainstream press was the 11 people who got million dollar retention bonuses from AIG and no longer work for the company.

But the revelation of the week among financial bloggers belongs to the King of Bears, Dr. Roubini, an economist at New York University. He’s also known as Dr. Doom. Read the full story