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Lucy or Charlie Brown?
  Since the May swoon the market has been in a violent pattern of indecision.  While the trend has had an upward bias since e ...
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Weakness Overseas on Chinese and European PMIs
  I had a sense in the latter part of last week that each time we kept bouncing off S&P 1370, that this market was going ...
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Potential Bear Flag Forming
  This morning futures are up for (insert reason here).  The story of the day is a German investor confidence report but if t ...
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The Dating Game: Michael Pettis Challenges The Economist to a Bet on China
The Economist says "China’s GDP, measured in nominal dollars, will be the world’s largest by 2018". Michael Pettis at China Financ ...
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Lazlo Birinyi – Uber Bull Calls for S&P 1700 this Year
Looks like we are going to see the market's first significant gap down of the year this morning – no specific reason, it is just " ...
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Mega Caps: Where the Profits Are
As I recently pointed out, despite mega caps’ recent outperformance, the stocks remain cheap on both a relative and absolute basis ...
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Sticky to the Upside
The resilience of the market to the upside remains quite remarkable.  Despite poor breadth yesterday and abysmal volume, they were ...
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Goldman’s Economists Score 7 Out Of 10 For 2011 (Retrospective)
Since the 2012 Outlooks have now slowed to a drip, its appears retrospectives are the stocking-filler of choice for the week. Gold ...
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Art Cashin Talks Market Dramamine
As usual some highly pragmatic observations on the roller coaster stock market from the Fermentation Committee chairman. Via UBS W ...
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Art Cashin’s Refresher On “Post Hoc” Syndrome
Nassim Taleb rants against it all the time: the propensity for the media to frame a narrative, or a plotline, to explain market mo ...
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S&P 500 Index: Short-Term Buy Signal Confirmed
I am writing to you from my hotel room in New York, keeping the post short and to the point as a full day of appointments lies ahe ...
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U.S. Equities – Downtrend Arrested?
My notes below are somewhat cryptic as I am about to leave for abroad. However, the graphs should provide some food for thought re ...
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U.S. Stocks: Anticipating Too Much, Too Soon
I am on record as calling the U.S. stock market a buy in September when Robert Shiller’s PE10 (S&P 500 expressed as a ratio to ...
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Which Gold Miners Have the Most Upside? (Holmes)
Since hitting $1,900 an ounce through the beginning of October, gold has declined nearly 11 percent. Over the same timeframe, the ...
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Who are the Top 1%?
Some interesting graphs from Mother Jones, as the world gets peeved at "the 1%". As for myself, I hope most of my readers are in t ...
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