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The world’s problems disappeared, magically and overnight. Last week we saw three major rallies. The first was in the S&P 500; the second in the Volatility Indicator (VIX), and the third was in the Euro. It was the latter that [...]
True Religion The markets are about to find religion again. That’s not news to you. I’ve been warning as recently as last week that we are headed lower, maybe much lower. The economic situation in the US is one that [...]
Last week retail bell-weather Best Buy (BBY-NYSE) reported disappointing earnings. As the CEO Brian Dunn put it “store traffic is “choppy,” adding that “consumer spending is episodic … It appears that customers are operating on cues from the broader environment.” [...]
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