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biotechmgr (< 20)



A Greek Tragedy in the Making

July 27, 2010 – Comments (2)

A Greek (style debt) tragedy is being written in America. Starring California and Illinois and other states, it will be the story of a nation whose states begin to default on their debt obligations. The suspense will be to see which one goes bust first. Uncle Sam is likely to play a role as he tries to bail out the state. But as others get into trouble, for how long can Uncle Sam hold up to their debt loads?  [more]



Prechter on CNBC

June 10, 2010 – Comments (2)




Key Technical Support SPX 1041 Dow 9757

June 09, 2010 – Comments (0)

A couple of posts recently asked where support levels were. One answer is there are various support levels depending on the models you use. But the markets are now close to a vital support level. Watch out below.  [more]



Signs of Deflation: Oil consumption

June 09, 2010 – Comments (2)

Oil consumption declined overall in 2009 in the biggest decline since 1982. This is another sign of deflation for a world slowing grinding to slower production and consumption. A large ship has a lot of momentum and will take time to slow and this has been the case for this economy.  [more]



Market Barely Afloat

June 03, 2010 – Comments (0)

Stocks are barely afloat on light volume. Each rally since the low has come on lighter volume. Prices are on the verge of a plunge.

Top tick for this rally was SPX 1106, shy of my 1110 target. I have built short positions anyway above 1100.

We are ripe for a wave 3 of 3 downward resolution. A failure to recover and reach a new high today strengthens the near term bearish case. Breadth and volume are pointing this way.

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