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In the U.S. this looks like just a 5% pullback

I think we’re looking at a pullback in U.S. stocks. A pullback in my book is about 5%. It’s less than a correction, which is a drop of 10%. (Please note I’m talking about U.S. stocks only in this post.) The reasons for this are numerous: An overbought market that’s...

Stocks take a lickin' and keep on tickin'

Cue the plague of locusts and the rain of frogs. The market has had just about everything else thrown at it today. And at the close the Standard & Poor’s 500 has held at its 20-day moving average of 1195 or so. Want a list of what hit the fan today? The leaders of...

So who won the elections?–which stocks? I mean

The U.S Chamber of Commerce had spent $35 million on the mid-term elections as of November 2, according to the Center for Responsive Politics. American Crossroads, another independent organization, spent $22 million. The Club for Growth $8 million. The National...

The trading day starts off DOWN in China

  So far on China’s stock markets it’s still the same old story: Anytime the central bank raises interest rates, as it did yesterday October 19, or does anything that might slow growth or hinder asset speculation, stocks drop like a stone. Except for real estate...

The odds go up for an earnings season stock-market dip

Disturbing background for the third quarter earnings season that starts this week raises the odds for a dip on earnings news over the next few weeks. Wall Street analysts cut their estimates for 2011 earnings for the companies in the Standard & Poor’s 500 in...

Getcha predictions here: My scorecard for the fourth quarter

It’s a new quarter. Do we know any more about the trend in the stock market and the economy than we did at the start of last quarter Well, actually a little bit. I don’t think we’re at “Bet the farm” certainty, but figuring out the trend isn’t quite as confounding as...

One unexpected thing that could stop this rally

So what could stop this rally? Now that it has broken through resistance at 1127 and 1130 on the Standard & Poor’s 500–and even briefly traded at the May high of 1150—what could prevent this rally from running straight through September (historically the...