It looks like the worst fears surrounding Hurrricane Gustav will not be met.   Read More

Strategist Vince Farrell thinks we're in a bear market but that we saw the lows of this downturn in July.    Read More

It could be the markets have figured the global economic slowdown is becoming more pronounced and will offset supply concerns radiating from Georgia.    Read More

What the market gave us recently with a 300 point up day, the bear is taking back, as the bear will.    Read More

Durable goods advanced .8% when expectations were for much less. Without the highly volatile transportation figures, the number was even better at a +2% reading. New home sales were better than hoped for at a 530,000 rate and the prior month was revised upwards.   Read More

The housing report was not so far off the expected and was not nearly as bad as it was treated. We declined because we are in a bear market.   Read More

The Fed's beige book (so called for the color of its cover) reported that economic activity slowed in June and July and that all 12 districts showed increasing price pressures.   Read More

The average bear market shows a decline of 30%, but then has an average 30% plus bounce when the bottom is reached. We are off more than 20% so it's possible the end is in sight.   Read More

Wells Fargo handed in some good results, but watch for trouble out of Wachovia.   Read More

Just when it looked safe to get back into the water, sharks were sighted. Merrill Lynch showed a bigger loss than expected (a much bigger loss), Microsoft was indeed soft and Google could have done better. On the other hand, JP Morgan surprised us as did United Technologies and IBM. So maybe you pay your money and you take your chances.   Read More