As discussed in a previous article (Don’t Fight the Fed…) the Federal Reserve is all powerful when it comes to determining the imminent stock market direction [because of their manipulation of interest rates]. What’s worth considering is what happens when the Fed runs its course. When interest rates have been kept artificially low for tooContinue reading “Fed’s Next Move”
Author Archives: John Pugliano
Don’t fight the Fed…until just before the collapse
Today the Federal Reserve announced that they would continue QE3, injecting up to $85 billion into the economy each month. This should not come as a surprise to anyone. Chairman Bernanke plainly stated July 10, 2013 “Highly accommodative monetary policy for the foreseeable future is what’s needed.” Still, the markets were rattled this summer overContinue reading “Don’t fight the Fed…until just before the collapse”
Muddy Market
I had a mentor that would sometimes tell me that my explanations were “clear as mud.” We’re currently in a “muddy market.” I forecast using charts. The attached chart is an illustration of one of the charting methods I use. This is a year-to-date chart of the S&P500 SPY exchange traded fund superimposed with trendContinue reading “Muddy Market”
The market doesn’t care what you think…even when you’re right
Some people didn’t like the previous article. Those on the Left thought I was too hard on Obama and Hillary. The Right thought I was taking cheap shots at Bush and Palin. Not surprisingly, no one defended McCain. The point I’d like to make in this article is that the market doesn’t care what youContinue reading “The market doesn’t care what you think…even when you’re right”
The way we were…post-Obama
EDITOR’s NOTE: This is a very long post but essential reading for investors interested in market dynamics. Recently a statist tried to convince me that the stock market has rallied under President Obama. January 20, 2009 S&P500 @ ~831.95 June 3, 2013 S&P500 @ 1640.42 Voila, under this regime the market is up 97%. Don’tContinue reading “The way we were…post-Obama”