Tuesday’s Big upside move was a Sucker Rally

On Tuesday October 16th the S&P 500 rallied by 59 points and increased by 2.15% on the news that Goldman Sachs and Morgan Stanley beat their third quarter earnings estimates.   However, the advance was most likely a sucker rally. Tuesday’s volume of 2.12 billion...

Day of Reckoning Approaching for Market

A day of reckoning is approaching for the US stock market.  The market’s math simply does not add up. The math not adding up was why I recommended to all the readers of my September 2007, Equities Magazine column to get out of the five largest brokers including...

Perfect Storm Brewing for Possible Market Crash Next Week

Due to the stock market’s trading action for the first half of today, the probability has increased that the stock market could enter next week into a serious correction or even a crash.  There are three reasons. Two of them are covered in my October 3rd article...